Glints, one of Southeast Asia’s largest talent development and recruitment platforms, today raised $50 million in a Series D subscription. The round was led by DCM Ventures, Lavender Hill Capital and return investor PERSOL Holdings. This brings Gillint’s total raised to date to $80 million.
As part of the investment, Lavender Hill Capital founding partner Xiaoyin Zhang and DCM Ventures general partner Ramon Zhang will join Gillins’ board.
Gintz’s platform currently has three million professionals across five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan) and 50,000 employees across companies, including AIA, IKEA, GetGo, KKday and Gameloft.
The new capital will be used to expand Gillint’s talent supply base in the Philippines and its employer interests globally and to hire for its product and technology teams.
Founder and CEO Oswald Yeo told TechCrunch that the company is focused on the Philippines because of its “large and fast-growing global workforce. Additionally, we are seeing interest from local employers in both hiring technology talent locally as well as remote hiring.
In the year Founded in 2013, the Singapore-based startup grew its annual revenue and gross profit 2.5x year-over-year, continuing its trend of triple-digit percentage annual revenue growth.
One driver of growth is increasing demand for remote workers. Glint sees remote cross-border job postings grow more than 3x year-over-year and positive contribution margins across all business units, with Indonesia and Vietnam continuing to be profitable. This continues the pre-pandemic trend: over the past two years, Gents’ remote cross-border workplaces have grown more than 11x.
