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.]
