Troopers Malaysia, an end-to-end digital HR solutions platform closed on a Series A funding of up to RM4 million (approx. US$950,000) from Shopper360 Sdn Bhd. Shopper360’s investment and strategic partnership will provide Troopers the leverage…
Glints, the most trusted and active end-to-end regional talent ecosystem in Southeast Asia for career development and recruitment, raised US$50 million in a Series D oversubscribed round co-led by DCM Ventures, Lavender Hill Capital, and returning investor PERSOL Holdings.
“Our mission at Glints is to empower the 120 million young professionals in Southeast Asia to realize their human potential. We also believe that one’s career is a journey and an entire talent ecosystem needs to be built to support these talented professionals for their lifelong career development, not just once-off job matching.”
As we scale and recognize that the future of work continues to evolve, one thing remains unchanged: every individual has the opportunity to realize their potential with the right opportunities and resources. 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,” said Oswald Yeo, CEO and Cofounder of Glints.
Started by Malaysian and Singaporean founders, Glints will use the funding to expand its talent and employer base in Malaysia, the Philippines and our various markets. Glints also plans to expand its product, and technology teams, with a focus on broadening opportunities and resources to support professional growth for talent.
Glints’ annual revenue and gross profits grew 2.5x y-o-y, continuing the trend of annual revenues growing at triple-digit percentages off the back of the growth of its ecosystem including Recruitment, Managed Talent, JobSearch, ExpertClass and Community segments.
Glints’ cross-border remote work business continues to double, as employers shift to a more borderless mindset and employers globally are increasingly interested in hiring Southeast Asia talent.. In fact, remote cross-border job opportunities on the Glints’ platform have grown more than 11x over the past two years, where employers are seeking remote talent in markets outside where their company operates. The company also sees positive contribution margins across all business units, with Indonesia and Vietnam markets continuing to be profitable.
To date and with a talent-first approach, Glints’ regional talent ecosystem has grown to over three million professionals in five markets (Indonesia, Singapore, Vietnam, Malaysia, and Taiwan). Glints is trusted by over 50,000 global and regional startups and enterprise clients including GetGo, Boxed, AIA, KKday, and Garena.
In addition, Glints’ on-the-ground teams and tech-enabled business model has enabled 2x more efficiency (by fill-rate) in recruiting the right talent for employers and at least 40% more cost-efficient than traditional recruiters.
“We are excited to partner and be part of the Glints’ journey. The Southeast Asia tech talent market is maturing rapidly and is poised to be a strong contender for both tech innovation and strong talent. We have been impressed by Oswald, Ying Cong, Yong Jie, and Steve’s mission and commitment to build and nurture a talent ecosystem enabled by tech that is making a profound impact on the millions of professionals on its platform and its thousands of employers. all while scaling rapidly with a focus on strong fundamentals, said Ramon Zeng, General Partner of DCM.
As part of the investment, Xiaoyin Zhang, Founding Partner of Lavender Hill Capital and former Goldman Sachs TMT China Head known for taking Tencent, Alibaba and Baidu public, and Ramon Zeng, General Partner of DCM Ventures, joins the board. The Series D round includes strong participation from investors including Endeavor Catalyst (chaired by LinkedIn founder Reid Hoffman) and existing investors including Monk’s Hill Ventures, Fresco Capital and Binny Bansal, co-founder of Flipkart.