East Ventures, Skystar Capital lead pre-series A funding in Indonesia’s Talenta 

Indonesian human resources platform Talenta has landed a pre-Series A investment led by repeat backer East Ventures and Skystar Capital and the round which also saw participation from Fenox Venture Capital, the company announced on Monday.

Fenox and East Ventures have previously invested in Talenta, while Skystar is a new investor.

Also Read: Indonesia based HR startup Talenta gets funding from Fenox, East Ventures

The talent platform has reportedly raised a sum of $1 million in the new round. The company will use the funds to spruce up its marketing efforts and to expand its team.

Talenta is a cloud-based Software as a Service that aims to help small and medium businesses manage their HR processes such as employee attendance, leave requests, overtime and payroll. It is targeting to serve more than 10,000 companies in five years, or serve an employee base of 200,000.

Currently, it serves 15,000 employees every month for hundreds of companies like H&M, Panorama, Mayapada Property, Topas TV, SWA Magazine and Grab.

The Jakarta-based company was one of the 24 startups selected to participate in Google’s Launchpad Accelerator, that exclusively works with late-stage tech startups in emerging markets – Brazil, Indonesia, India and Mexico. Six startups from Indonesia, including Talenta, qualified for the programme.

In April, East Ventures also invested an undisclosed amount in another Indonesia-based human resource Software-as-a-Service company Rekruta which helps companies plan and track their hiring process with its online dashboard.

Also Read: Indonesia: HR SaaS company Rekruta raises seed round from East Ventures

East Ventures – which has offices in Jakarta, Tokyo, and San Fransisco – has invested in over 150 companies across Asia and the US. The VC firm bets on  e-commerce, social, game, SAAS, and mobile services.

East Ventures is active in Southeast Asia, Japan, and US, investing in consumer internet, mobile and SaaS startups. Its investments range between $100,000 and $500,000.

Meanwhile, Skystar Capital invests in technology startups in the Asia Pacific region, particularly Indonesia, at the early and growth stages. It targets companies in the Internet, mobile, education, media, financial, and eCommerce sectors.

Also Read:

Need for more investors in Indonesia: Anis Uzzaman, Fenox VC

Indonesian architecture portal Arsitag raises seed funding from East Ventures

Indonesia’s iGrow gets seed funding from East Ventures, 500 Startups

Indonesia: Kargo gets funding from East Ventures, ANGIN angel investor

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.