Singapore-based job matching platform GrabJobs plans to raise S$5 million ($3.75 million) in a Series A round by the middle of this year, according to a report from DealStreetAsia.
The funding will be used to doule the startup’s team size in existing markets and fuel expansion to other Southeast Asian countries.
GrabJobs raised S$1.6 million ($1.2 million) in seed funding from undisclosed angel investors by the end of 2017.
“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 chat bot technology,” Emmanuel Crouy, Co-Founder & CEO of GrabJobs said.
Founded in 2015, GrabJobs is a web and mobile recruitment solution that specializes in entry- to mid-level positions. It uses an AI-based chat bot to automate the screening process of job applicants. It claims to cater to over 3,000 companies, which have posted more than 8,000 jobs, and to have received over 350,000 job applications on its platform so far.
In addition to its presence in Singapore, the Philippines, Thailand and Myanmar, GrabJobs says it has licensed its technology in the Netherlands and South Africa to local teams.
Last month, Singapore-based on-demand staffing platform UShift was reported to be planning to raise $3-5 million in pre-series A round in this quarter to expand into Indonesia, Thailand, the Philippines and Malaysia. Helpster, which has presences in Thailand and Indonesia, also secured $2.5 million in pre-series A round led by Mojo Partners and Wavemaker Partners last December.