Thailand-based job search portal WorkVenture has raised THB 15 million (US$420,000) in a round led by strategic investors Sommaphat Traisorat, Chief Executive of TCC Land Asset World, and Songphon Chaovanayothin, Executive Director of PACE Development Corporation.
With the new strategic partners on board, the startup will be able to ramp up growth strategies for the Thai market.
Founded in 2014 and previously known as Jobnisit, WorkVentures sets itself apart from other job search sites through its proprietary semantic algorithm called WorkScore. This technology works to analyse jobseekers’ profile and look for keywords, then push the most relevant jobs to them.
Meanwhile, employers can upload company office pictures, as well as other interactive media such as videos to their company profile, allowing jobseekers to get a holistic and transparent view of the prospective employer.
Established global brands such as Samsung, Uber, Booking.com ,and Colgate are already using the portal for recruitment. Besides full-time jobs, users can also search the site for internships, part-time jobs and trainee jobs.
“Thailand is experiencing a candidate’s market, and companies have to step up their employer branding to attract top talent,” said Jens Pold, CEO of WorkVenture, in a press statement.
“We believe in providing transparent information on companies in order for candidates to make better career decisions. Employer branding thereby should play a crucial role with forward-looking companies to attract talented candidates.”
Image Credit: WorkVenture