Singapore-based profession growth platform Glints recruits $50M in new funding – Thealike

Glints, one in every of Southeast Asia’s largest expertise growth and recruitment platforms, introduced at the moment it ha raised $50 million in an oversubscribed Series D. The spherical was co-led by DCM Ventures, Lavender Hill Capital and returning investor PERSOL Holdings. This brings Glints’ whole raised to date to $80 million.

As a part of the funding, Lavender Hill Capital founding companion Xiaoyin Zhang and DCM Ventures common companion Ramon Zeng, will be part of Glints’ board.

Glints’ platform at the moment has three million professionals in 5 markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 corporations which might be searching for staff, together with AIA, IKEA, GetGo, KKday and Gameloft.

The new capital shall be used to broaden Glints’ expertise provide base within the Philippines and employer demand globally and hiring for its product and tech groups.

Founder and CEO Oswald Yeo advised Thealike the corporate is specializing in the Philippines due to “its giant and fast-growing worldwide workforce. Additionally, we’re seeing native employers concerned about hiring each tech expertise regionally and likewise distant hiring as properly.

Founded in 2013, the Singapore-based startup says its annual income and gross earnings grew 2.5x year-over-year, persevering with its development of annual income rising at a triple-digit share.

One development driver is improve demand for distant staff. Glints says distant cross-border job postings grew greater than 3x year-over-year, and that it sees optimistic contribution margins throughout all enterprise items, with Indonesia and Vietnam persevering with to be worthwhile. This continues a development from earlier within the pandemic: over the previous two years, Glints’ distant cross-border job posts have grown greater than 11x.