Southeast Asian career and recruitment platform Glints has announced that it has raised $50 million in Series D funding. The round was co-led by DCM Ventures, Lavender Hill Capital and existing investor PERSOL Holdings. Returning investors included Endeavour Catalyst, Monk’s Hill Ventures, Fresco Capital and Flipkart co-founder Binny Bansal.
The start-up was founded by Oswald Yeo and Seah Ying Cong in 2013. The platform aims to connect organisations to talent pools in Indonesia, Malaysia, Singapore, Vietnam, the Philippines, and Taiwan. Its platform has over 50,000 companies and more than 3 million talents.
“Today’s professionals are becoming more open to remote working and employers searching for the right talent at the right cost have become flexible in where they find the talent,” said Xiaoyin Zhang, founding partner at Lavender Hill Capital. As part of the investment, Zhang and DCM Ventures general partner Ramon Zeng join the Glints’ board.
The start-up will utilise the fresh funding to expand its talent base in the Philippines and get more demand from global companies. It also aims to accelerate its product development and hiring efforts.
Glints co-founder and CEO Oswald Yeo said, “Our mission at Glints is to empower the 120 million professionals in Southeast Asia to realise their human potential. Our world-class team of local Glintstars and investors and advisors who share this vision have been key to driving our sustainable growth at scale.”
Remote cross-border job opportunities on Glints’ platform have grown more than 11-fold over the past two years as more employers look for remote talent outside their home markets.