A series D fundraising round co-led by DCM Ventures, Lavender Hill Capital, and Persol Holdings netted $50 million for Glints, a Singapore-based jobs platform.
With the acquisition, the company’s total fundraising to date has surpassed US $80 million, making it the most financed startup in Southeast Asia’s talent recruiting industry.
Along with the investment, Xiaoyin Zhang, the founding partner of Lavender Hill Capital, and Ramon Zeng, the general partner of DCM Ventures, will join the board of Glints.
Glints is a company that links businesses with talent pools in Indonesia, Malaysia, Singapore, Vietnam, the Philippines, and Taiwan. It was founded in 2013 by Oswald Yeo and Seah Ying Cong. More than 3 million talent and over 50,000 enterprises are currently using its platform.
The business claimed in a statement that during the previous 12 months, both its yearly sales and gross earnings increased by 2.5 times. Since 2018, it has grown by at least double each year, with lucrative operations in Vietnam and Indonesia.
Over the past two years, Glints claims to have seen an 11x increase in cross-border employment possibilities on its platform, when firms are looking for employees outside of their own nation.
The business intends to use the additional money to increase its talent pool in the Philippines and increase demand from multinational corporations. Additionally, it wants to speed up recruiting and product development.
