Vietnam’s venture capital fund Next100 has invested $430,000 in local recruitment platform TopCV. In a separate development, Singapore-based AI-driven startup Digital Commerce Intelligence has secured $705,000 funding from Velocity Partners.
Vietnam’s TopCV raises $430k from Next100
Next100, a $10-million early-stage-focused fund operated by Vietnam technology company NextTech Group of Technopreneurs, has invested nearly VND10 billion ($430,000) in recruitment platform TopCV, according to an announcement.
The new funding will be used to launch a remote recruiting portal that helps job seekers and employers find more opportunities amid the pandemic.
Established in 2015, TopCV provides tools to enable job-seekers to prepare an impressive resume to increase their chances of finding placements. It also owns two other platforms that connect employers and job-seekers.
The company claims that it has nearly 3 million candidates and 95,000 employers on the platform and has successfully connected more than 150,000 candidates to employers to date.
According to TopCV’s survey, after 3 months in the pandemic, the number of businesses recruiting personnel dropped 30-35 per cent.
“It is time for businesses to be flexible not only in the business model, but also in the way to recruit new personnel and enhance the ability to work remotely,” said Tran Trung Hieu, CEO of TopCV.
Most recently, Next100 invested $500,000 in Chatbot Vietnam JSC, which owns Bot Ban Hang, a platform that connects advertisers and sellers.
Singapore AI startup DCI raises $705k
Digital Commerce Intelligence (DCI), a Singapore-based AI-driven startup that tracks real-time eCommerce performance for consumer goods sold online, has raised S$1 million ($705,000) funding round from Velocity Partners, according to an announcement.
The company said that the newly raised fund will be used to further enhance its service across Southeast Asia.
Established in 2018, DCI uses data science techniques and AI technologies to provide e-commerce market performance insights & competitive intelligence for consumer goods brands and retailers in Southeast Asia.
The startup claims to offer real-time product demand information at a direct-consumer level, enabling brands to act fast and plan their productions, thus ensuring adequate inventory levels across their supply chains.
“What makes a brand a leader is often the wise use of data,” said Kyriakos Zannikos, founder and CEO of DCI. “This is particularly true in e-commerce, where the pace and dynamics of trade are so much faster than any other commercial channel.”