Bangkok-based job search portal WorkVenture has secured $3.6 million in a Series A financing round from a Thai strategic investor, marking the largest Series A round among Thai startups this year.
This is the second fundraising by WorkVenture after it secured 15 million baht ($420,000) in a round led by TCC Land Asset World’s chief executive Sommaphat Traisorat and PACE Development executive director Songphon Chaovanayothin.
The investor in the latest round is not an existing investor. A source, familiar with the negotiations, said the new investor is a founder of a listed Thai media-related company.
WorkVenture, founded in 2014, claims itself to be ‘Netflix for Jobs’. It has developed a portal providing AI-powered job listing solutions to working professionals and employers by utilising proprietary matching algorithms and machine learning to more accurately connect employers with candidates.
With the latest funding, it plans to increase its market share in Thailand and stage a roadshow in ASEAN capitals in the second quarter of 2018. It will also enhance its algorithmic technology.
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