[Updated] Vietnam’s TopCV bags six-digit investment from Korean VC Nextrans

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South Korean early-stage investor Nextrans has invested a six-digit sum in Vietnamese recruitment platform TopCV, a top executive confirmed to DealStreetAsia.

The new deal follows the VC firm’s recent Vietnam investments including vacation rental startup Luxstay; deals and coupons for online shopping platform Jamja; e-commerce platform Leflair; social selling solutions startup Ecomobi and SaaS startup Base.

Commenting on the latest investment, Nextrans CEO Eddy Hong said the recruitment market is on the rise with the growth in the economy and the startup boom.

Founded by Tran Trung Hieu, 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 attracted over 1.1 million users to date on its platform and has over 20,000 partner businesses including large companies like Samsung, Viettel, Vingroup, FPT.

In April this year, Nextrans completed its investment in Vietnamese enterprise SaaS company Base. The VC firm joined the $1.3-million round, which was co-led by Indonesian venture capital firm Alpha JWC in December 2018.

Hong told us in a recent interaction that Nextrans is seeking to hit a target of a total of 100 investments by next year in the country. It deployed $4 million across 17 deals in the country and typically makes seed-stage investments in fintech, logistics and healthcare sectors.

[Editor’s Note: The story has been amended to say that Nextrans has invested a six-digit sum in the Vietnamese recruitment platform as against a seven-digit sum that was reported earlier.]

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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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.