glitters, one of the largest talent development and recruiting platforms in Southeast Asia, today announced it has raised $50 million in an oversubscribed Series D. The round was co-led by DCM Ventures, Lavender Hill Capital and recurring investor PERSOL Holdings. This brings Glints’ total to date to $80 million.
As part of the investment, founders of Lavender Hill Capital, Xiaoyin Zhang and DCM Ventures, general partner Ramon Zeng, will join Glints’ board of directors.
Glint’s team
Glints’ platform currently has three million professionals in five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan) and 50,000 companies seeking employees, including AIA, IKEA, GetGo, KKday and Gameloft.
The new capital will be used to expand Glints’ talent offering in the Philippines and global employer demand, and to hire staff for its product and technical teams.
Founder and CEO Oswald Yeo told businesskinda.com that the company is focusing on the Philippines because of “its large and fast-growing international workforce. In addition, we are seeing local employers interested in hiring tech talent locally, as well as hiring remotely.
The Singapore-based startup, founded in 2013, says its annual revenue and gross profit grew 2.5x year-over-year, continuing the trend of annual revenue growth at a triple-digit percentage.
One of the driving forces behind the growth is the increasing demand for homeworkers. Glints says international remote job posting has grown more than 3x year over year, and sees positive contribution margins across all business units, with Indonesia and Vietnam remaining profitable. This continues a trend from earlier in the pandemic: in the past two years, Glints’ external cross-border job openings have grown more than 11x.
Janice has been with businesskinda for 5 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider businesskinda team, Janice seeks to understand an audience before creating memorable, persuasive copy.