The Singapore-based career platform indicated that today it has raised $ 22.5 million in Series C funding led by Japanese human resource management firm PERSOL Holdings. The new capital will be used to expand Glints in Singapore, Indonesia, Vietnam and Taiwan and be hired for its product and engineering teams.
Glenn co-founder and CEO Oswald Yeo said this was the largest funding round ever for a talent platform in Southeast Asia and raised the startup’s total to $ 33 million. Other participants included investors Monk Hill Ventures, Fresco Capital, MindWorks Ventures, Wavemaker Partners, Flipkart co-founder Binny Bansal, and former Goldman Sachs TMT China chief and partner Xiaoyin Zhang.
Founded in 2013, Glints says it has been used by more than 1.5 million professionals and 30,000 organizations, including Gojek, Tokopedia, Starbucks and Mediacorp. Most of its users are from the tech and financial services sector, but Glink has a “broad horizontal focus on youth for mid-level professionals”, and its long-term goal is to be sector agnostic.
Glines is one of the different ways other job platforms operating in its markets like LinkedIn, JobCrit and CakeAndume want to pursue their careers. In addition to its job marketplace, the company says that it receives more than 7,000 active listings and 4 million visitors every month, Glints also offers community features and skills education, similar to the online class.
One of Glines’ value propositions is helping companies cope with regional talent shortages, especially in Tech, a topic recently covered in a comprehensive report with Monk Hill Ventures.
One of the solutions highlighted is to hire teams based in various Southeast Asian countries to address talent crises in niche markets such as Singapore. Glints says that its cross-border remote work hub, TalentHub, doubled its business in 2020 as the epidemic made it more open to hiring employers remotely.