Glints Bags US$22.5 Million Series C Funding
Singapore: Singapore-headquartered Glints, a Southeast Asia-focused online platform for career development and recruitment, has raised US$22.5 million in a Series C funding round led by Tokyo-listed PERSOL Holdings.
Returning investors, including Monk’s Hill Ventures, Fresco Capital, Mindworks Ventures, and Wavemaker Partners, besides angels such as Binny Bansal (co-founder of Flipkart) and Xiaoyin Zhang (former Head and Partner at Goldman Sachs TMT China) also participated in the round.
Glints said the fresh funds will go towards developing additional features and solutions on its platform and expanding its presence in Singapore, Indonesia, Vietnam, and Taiwan. It also intends to scale its product and engineering teams.
Launched in 2013, Glints combines community forums, skills education (Academy and ExpertClass), and job features (Job Marketplace) to provide a full-stack talent platform that supports professionals in their career discovery and development. The company claims over four million professionals visit its platform every month.
Despite headwinds from the pandemic, Glints noted it has seen “resilient” growth in 2020 with annual revenues more than doubling, continuing the trend of annual revenues growing at triple-digit percentages for the past three years.
The company also remarked it sees positive contribution margins across all business units, with Indonesia and Vietnam markets already profitable.
“With the pandemic accelerating the future of work and causing big changes in the labour market, our mission to empower the 120 million professionals in Southeast Asia is more important than ever. Existing solutions are transactional job portals and traditional recruiters that only provide part of the solution,” shared Oswald Yeo, co-founder & CEO of Glints.
“We are scaling Glints as a full-stack talent platform to support the professionals in Southeast Asia with their career discovery and development and to solve the regional talent crunch for employers,” he added.
