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.