Startup aiming for more data-fueled talent acquisition in China, Moka, has recently announced that it has secured 180 million yuan (US$27 million) in a Series B funding round.
The deal was led by Hillhouse Capital, an investor in top Chinese technology companies such as Tencent, Baidu, JD.com, Pinduoduo — just to name a few. Other investors that took part include Xianghe Capital, an investment firm founded by two former Baidu executives, Chinese private equity firm GSR Ventures and GGV Capital.
Moka claims more than 500 enterprise customers were paying for its services by the end of 2018. Other notable clients are McDonald’s and one of China’s top live-streaming services, YY. It plans to use its new capital to hire staff, build new products and expand the scope of its business.
Founded in 2015, Moka compares itself to Workday and Salesforce in the U.S. It has created a suite of software aiming to make recruiting easier and cheaper for companies with upwards of 500 employees. Its solutions take care of the full cycle of hiring. To start with, Moka allows recruiters to post job listings across multiple platforms with one click, saving them the hassle of hopping between portals. Its AI-enabled screening program then automatically filters candidates and makes recommendations for companies. What comes next is the interview, which Moka helps streamline with automatic email and message reminders for job applicants and optimized plans for interviewers on when and where to meet their candidates.
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