Malaysian job search portal WOBB bags $1.3m pre-Series A funding

WOBB team

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.

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.