Singapore-based recruitment platform Glints has raised $22.5 million in its Series C round led by Tokyo-listed human resources firm PERSOL Holdings.
Existing investors that participated in this round include Monk’s Hill Ventures, Fresco Capital, Mindworks Ventures, Wavemaker Partners, Flipkart co-founder Binny Bansal, and former Goldman Sachs TMT China head Xiaoyin Zhang.
Glints said it will use the fresh funding to develop new features and solutions on its platform, expand its business in Singapore, Indonesia, Vietnam and Taiwan, and ramp up its product and engineering headcount.
The company claimed that its annual revenues more than doubled in 2020 and it saw positive contribution margins across all business units, with Indonesia and Vietnam markets being profitable.
Glints had last raised $6.8 million in its Series B round in July 2019.
“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,” said Glints co-founder and chief executive Oswald Yeo.
Some of its clients include Gojek, Tokopedia, FWD Insurance, Starbucks and Mediacorp.
“With PERSOL Group’s commercial distribution and experience in Asia and Glints’ leading tech-enabled talent platform, we will empower professionals in Southeast Asia and help solve the talent crunch in Southeast Asia,” said PERSOL Asia Pacific CEO Takayuki Yamazaki.