JobHopin, a startup that offers an Artificial Intelligence-powered online recruitment platform in Vietnam, has secured US$2.45 million in Series A round of financing, co-led by SEMA Translink (South Korea) and KK Fund.
Mynavi Corporation, Edulab Capital Partners (Japan), NKC Asia (Japan), and Canaan Capital (China), besides several angels, including the CEO of Vietnam’s second largest investment bank HSC and the CEO of Forbes Vietnam, also joined the round.
JobHopin has previously raised US$710,000, which brings its total fundraise to over US$3 million since inception.
Founder and CEO Kevin Tung Nguyen told e27 that JobHopin would use the capital to “continue to invest in our product development especially for our Bunny machine learning on better decision making and recommendations”.
Started in 2017 by Nguyen, JobHopin has developed an AI search and recommendation platform, called Bunny.
Recruitment is a function that affects more than 570 million workers in Southeast Asia. Yet, the process has remained largely unchanged despite technological advancements in the corporate world. The average white collar job in the region takes 49 days to fill, while 34 days is more typical of software developer roles.
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JobHopin proposes a model for solving systemic inefficiencies in the recruitments space.
Its tool offers real-time market data analysis, such as salary, supply level of active/passive talents, hiring demand and candidate-matching services with Machine Learning models trained by behavioural data from verified recruiter users.
The platform can be plugged into Massive Online Open Courses, online testing services and third-party job listing portals.
On top of this, Bunny also offers a fee built-in applicant tracking system, which it claims to have a reach of over 1.4 million unique candidate profiles analysed from online databases of over 12 million white-collar professionals and over 2,000 enterprise clients in Vietnam, as an early testing ground for product refinement.
Starting with Vietnam, JobHopin aims to expand its tool to Southeast Asia’s 60 million knowledge economy workers, affecting 108 million job placements annually in the region.
“There is this innate human desire to job hop, and develop their careers by following new intellectual challenges and professional purposes. Our desire is to make work more meaningful, to connect with one another,” said Nguyen.
“As an AI-first startup, our team makes these connections happen at scale, faster and easier via Bunny, our deep-learning matching platform,” added Yuan Le, Product Head.
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Image Credit: JobHopin
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