Asia Digest: Vietnam’s Hoozing raises funds; Japan’s Persol invests in Freecacy

Hanoi, Vietnam. Photo by Luu Quang Minh (AA+ Studio) on Unsplash

Vietnam’s proptech startup Hoozing has announced that it raised an undisclosed amount from South Korean investor Smilegate Investment while Persol Asia Pacific, a subsidiary of Japanese recruitment firm Persol, has invested in Southeast Asia-operated HR-technology startup Freecacy.

Vietnam’s Hoozing raises funding from Smilegate Investment

Vietnam’s proptech startup Hoozing has announced that it raised an undisclosed amount from South Korean investor Smilegate Investment.

Backed by Singapore-based venture capital firm Expara Ventures, Hoozing seeks to digitalize real estate transactions in Vietnam, make the process more transparent.

The company claims its ecosystem has data of more than 50,000 properties and 7,000 agents.

It plans to launch its real estate transaction supporting platform that will help landlords and customers find the right deals effectively.

Smilegate Investment, established in 1999 initially as MVP Venture Capital, has operated 50 funds and invested in about 400 companies. The firm specialises in investments in M&A, buyout, early and mezzanine stages.

We recently have reported that Smilegate is planning to launch a second country-focused fund this year. Called Kairo Fund II, the second vehicle is expected to be larger in size. The firm has also invested in Vietnam-based multi-channel sales and management platform Sapo Technology.

Japanese recruitment firm Persol invests in Freecacy

Persol Asia Pacific, a subsidiary of Japanese recruitment firm Persol, has invested in Southeast Asia-operated HR-technology startup Freecacy, per a report on Staffing Industry.

Financial details of the investment were not disclosed.

Freecacy operates ‘freeC’, a platform that supports AI research in Southeast Asia.

The purpose of this financing was to find a partner that can generate business synergies not only in financing but also in the development of Southeast Asia in the years ahead, according to President and CEO of Freecacy Kazumoto Kunimoto.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.