HR tech startup Glints raises $22.5m led by Tokyo-listed PERSOL Holdings

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.

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.