SG recruitment startup Glints banks $50m in Series D funds
Glints, an active end-to-end regional talent ecosystem in Southeast Asia for career development and recruitment, announced raising $50 million in a Series D oversubscribed round co-led by DCM Ventures, Lavender Hill Capital, and returning investor PERSOL Holdings.
The funding will be used for expanding its talent supply base into the Philippines, employer demand base globally, expanding Glints’ 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 growth of its ecosystem, including recruitment, managed talent, jobsearch, expertclass, and community segments.
Officially launched in 2015 in Singapore, Glints has empowered more than 3 million talents and 50,000 organizations to realize their human potential. It currently operates in Indonesia, Malaysia, Singapore, Vietnam, Philippines, and Taiwan.
“Our mission at Glints is to empower the 120 million 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,” said Oswald Yeo, CEO and Cofounder of Glints.
Glints’ cross-border remote work business also 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 AIA, IKEA, GetGo, KKday, and Gameloft.
SG recruitment startup Glints banks $50m in Series D funds. Congratulations to the entire team. I wish you great success in this endeavour.Shishir Gupta, Founder and CEO, StartupLanes
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