Malaysia-based job search portal WOBB on Monday announced raising 5.4 million ringgit ($1.3 million) in a pre-Series A round from CAC Capital, Accord Ventures and Actcelerate International Group Ltd (AIG).
The funding round was arranged by Cradle Fund. The startup told us that it will start raising its Series A next year.
WOBB, which targets Generation Y and Z job seekers, was founded in 2014. It claims that over 1.3 million job applications have been made through its platform.
It uses matching algorithms and AI chatbots for screening, “making it better and faster” for job seekers and employers to find each other. WOBB also partners with LinkedIn in Malaysia, the Philippines and Indonesia.
The startup plans to use the fresh capital used to accelerate its growth as it plans to “dominate Gen Y hiring in Asia”.
“WOBB provides a means for companies to communicate their value… in a new perspective to Gen Y,” said Tokyo-based CAC Capital president and CEO Takuya Maeda, who added that he expects the startup to continue to gain traction across Southeast Asia.
WOBB founder and CEO Derek Toh said the startup’s vision is to be the largest youth platform in Asia. WOBB is a recipient of Cradle Fund’s CIP150, CIP500 grants as well as a DEQ equity funding. It also raised 1.7 million ringgit ($410,000) in 2017 from an equity crowdfunding campaign.