KK Fund makes Vietnam debut, backs HR-tech startup JobHop

Vietnamese recruitment platform JobHop has raised funding of $710,000 in a round co-led by Singapore-based KK Fund and Japanese HR services company Mynavi Corporation.

This is the first investment KK Fund has made in Vietnam. Tokyo-based Mynavi Corporation earlier funded Vietnamese property tech firm Homedy.

Proceeds from the investment will be used to grow the team and evolve JobHop’s platform to support increasing client and product demand, the company said in a statement.

Founded in 2016, JobHop has served over 500,000 job seekers and 2,000 companies, from small and medium businesses to large enterprises in Vietnam. With the investment from institutional investors including KK Fund and Mynavi Corporation, the company aims to become an omni-channel recruitment platform for companies and job seekers across Southeast Asia.

Traditionally, job seekers post their CVs on various HR sites without regard to effectiveness. Recruiters, on the other hand, spend immeasurable amount of time sourcing candidate profiles across many channels. JobHop leverages data science and blockchain technology to tackle the timing-and-fit problems.

“We don’t help you apply just a job, but one that suits you the most, and we’ll do so in the shortest amount of time,” said JobHop CEO Kevin Nguyen.

“We believe in JobHop’s ability to lead the wave in modernising and automating the recruitment process for recruiters and job seekers alike,” said Koichi Saito, general partner of KK Fund.