GrabJobs plans to raise S$5 million ($3.75 million) in a Series A round by mid-2018. This would double the team size of this Singapore-based job matching platform in the existing markets and nourish expansion to other Southeast Asian countries. GrabJobs was founded in 2015 and continues to be a web and mobile recruitment solution that specializes in entry- to mid-level positions.
The introduction of this Series A comes after the firm raised S$1.6 million ($1.2 million) in seed funding from investors by the end of last year.
Co-founder and CEO of Grabjobs, Emmanuel Crouy said: “Seed funding has been used and will continue to be used to fuel growth in client and job seeker acquisition in our existing markets, which include Singapore, Philippines, Thailand, and Myanmar. Part of it will be used to further develop our unique job interview chatbot technology,” he said.
The platform uses AI chat-bot to power the screening process of applications. Catering over 3,000 companies who have posted over 8,000 jobs, GrabJobs has received over 350,000 job applications since it's launch. Its presence can be found in not only its home base of Singapore but also in the Philippines, Thailand, and Myanmar, while also licensing its technology in the Netherlands and South Africa.
“We have reached breakeven in two of our existing markets. Our goal is to be break even in all our existing markets by the end of the year and also reach over 1 million job seekers and 10,000 companies,” Crouy commented.