Indonesian venture capital firm Venturra Capital and investment company Prasetia Dwidharma are learnt to have invested in local human resource tech company, Ekrut, according to three people aware of the development.
Early last year, the HR tech startup had raised an undisclosed seed round from Indonesia’s leading early-stage investor, East Ventures.
Executives aware of the development said that Ekrut had recently closed a Series A round of over $3 million from Venturra Capital and Prasetia Dwidharma. These executives further added that Prasetia was likely to have invested in the company’s pre-Series A round in early 2018 as well, although this could not be independently verified by this portal.
The company did not reply to an email query from DEALSTREETASIA.
Ekrut, a curated marketplace which facilitates the headhunting process between employers and qualified talent, was launched in September 2016 by Steven Suliawan, Ardo Gozal, and Anthony Kusuma.
Prior to launching the HR tech firm, Suliawan was an entrepreneur in residence at East Ventures, and used to run the VC firm’s loyalty-programme startup. Gozal ran a toy marketplace startup, even as he worked as a headhunter at Monroe Consulting, while Kusuma did stints with several companies handling digital marketing, product development and headhunting process.
Ekrut says it enables employers to get high calibre talent during their hiring process. Riding on technology, the company claims its platform can not only speed up the whole process of headhunting, but also make it more relevant.
The (Ekrut) platform automates the headhunting processes, beginning from making search requests, searching potential candidates, delivering talent profiles, and setting interviews, eliminating back and forth email with delayed responses, the company had said, during its previous funding round. At that time, the company also it had recruited candidates for about 30 companies, including local unicorns such as Tokopedia and Go-Jek.
In 2017, East Ventures had also invested in the seed round of Jakarta-based HR tech startup Synergo. Also, in late 2016, another Indonesian HR management and payroll platform, Gadjian, had raised funding from Golden Gate Ventures together with Maloekoe Ventures.