Japan’s jobs platform BizReach raises $33.2m led by YJ Capital

VC word cloud. Credit:Barrie Entrepreneur Connect

Japan-based jobs platform BizReach has raised JPY 3.73 billion (about $33.2 million) in a funding round led by YJ Capital, the venture capital arm of Yahoo Japan, according to a report in Venturebeat.

Other investors who participated in the round are Salesforce Ventures, Sumitomo Mitsui Trust Investment, Dentsu Digital Holdings, GREE, Rakuten, Link and Motivation, EFU Investment Limited, East Ventures, and IMJ Investment Partners.

BizReach will use the funds to improve its existing employment search engines and job listing services.

The company also took the opportunity to announce its plans to launch a hiring management platform called HRMOS this May. It also has plans to launch its applicant tracking system called StanBy Company in the future.

Launched in April 2009, the company previously raised JPY 200 million in its first funding round led by venture capital firm JAFCO in March 2010.

The startup was founded by Soichiro Minami, who started off his career as an analyst for Morgan Stanley and eventually moved on to become a founding member of Rakuten Eagles Baseball Team before starting LUXA, which was originally founded within BizReach but was later spun off into a separate entity.

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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.