Talent development and recruitment startup Glints announced a $50 million Series D funding round. DCM Ventures and Lavender Hill Capital led the oversubscribed round with participation from returning investor PERSOL Holdings.
As part of the investment, Xiaoyin Zhang, founding partner of Lavender Hill Capital, and Ramon Zeng, general partner of DCM Ventures, will join the company’s board of directors.
Including the latest round, Glints has $80 million to date.
Since its inception in 2015, the Singapore-based startup claims to have served three million professionals across Indonesia, Vietnam, Singapore, Malaysia, and Taiwan. With new venture capital, the startup plans to expand its talent supply base in the Philippines.
“Businesses are switching their general approach to talent acquisition from “grow at all costs” to “efficient growth,” where investments and productivity are maximized to ensure survival for some, and enabling continued growth for others. These critical developments are set to be a major bottleneck for businesses across sectors, especially in the tech industry,” Glints said....