Malaysian social recruitment service TribeHired just confirmed their latest funding by AngelCental worth MYR1.8 million (US$437,000). TribeHired plans to use the new fund to cover more markets and to bring on-board the ex-founders of JobsCentral as investors and advisors for their next expansion plan.
Previously, the company that graduated from JFDI’s Seed Accelarator Program in 2012 had secured MYR1.7 million (US$409,000) funding. The company also partnered with universities like University of Malaya, and others situated in Klang Valley.
The concept of recruitment on the platform is aimed to help job seekers to get a job interview using networks of friends, much like a job referral from peers to increase the likelihood of getting call-back.
”Tribehired has a scalable approach to headhunting and placements. We’re ready to support Tribehired’s journey via this investment,“ said Dershing, founder of JobsCentral and members of AngelCentral.
Going online in 2012, TribeHired started off as a social recruitment site before pivoting to a talent marketplace model believing it will accelerate the speed of getting hired in 2015. TribeHired claimed that this decision was found to be more efficient and affordable by employers.
It lets employers browse and make offers to the top skilled talent that TribeHired curated based on various filtering options.
Since the first funding the company secured, TribeHired has expanded to Thailand, Indonesia, and Singapore in 2016 before raising this new one.
TribeHired claimed that its system has more than 1000 active jobs with 80,000 unique visitors per month.
Its next move would be to launch the freelancer marketplaces to fit any on-demand industry and to cater to not only tech freelancers, but also to non-tech fields like marketing, sales, and finance.