Orgtomic, a Malaysia-based SaaS startup in the human resource tech space, today announced that it had raised an angel investment from US-based Indelible VC.
The company said the funding would enable it to expand its engineering team and hire marketing support to initiate a go-to-market strategy for the next quarter.
It also stated that this is Orgtomic’s first raise after bootstrapping an initial platform over the last nine months and working with nearly 20 regional customers on an initial product build-out.
Orgtomic builds a platform that enables growth companies to visualise all their key people and skills data in a single searchable canvas. The tools that it provided included an easy-to-use organisational chart, people directory and skills analysis, enabling companies to view their data in a visual and connected way.
This will help leadership make actionable insights and build a proper skills-based organisation.
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Orgtomic was founded by Ian Turnpenny, an experienced entrepreneur in the recruitment and HR tech space, and Mouhannad Alshamali, CTO and lead product evangelist.
“We are excited that Kevin at Indelible VC understood the vision of Orgtomic and the scale of the potential market as traditional work structures change and employees interact and upskill in new ways, especially in a remote-first world,” Turnpenny said in a press statement.
Indelible VC is an early stage VC firm that targets B2B startups in Malaysia.
In a contributed post published by e27, Managing Partner Kevin Brockland wrote about why the investor is focusing on the market.
“It is the view on Indelible Ventures that Malaysia provides a substantial and underrepresented opportunity. Malaysia has all the enabling factors that demonstrate the potential to become a major centre of innovation and a gateway to Southeast Asia and beyond,” Brockland said.
“Malaysia is disproportionately underrepresented in this VC Landscape on a broad range of measures,” he stressed.
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