SEA Digest: Vietnam’s HR startup TopCV raises $430k; SG’s DCI raises $705k

A woman working on her laptop. Photo: Pixabay

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.”

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.