INVESTMENT NEWS THAILAND

WorkVenture raises US$420K to match jobseekers to the right jobs using an algorithm

Employers can upload office pictures and other interactive content to their company profile

By Yon Heong Tung

The WorkVenture team

The WorkVenture team

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.

Also Read: Want to stand out from other job seekers? Use this LinkedIn cheat sheet

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.”

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Image Credit: WorkVenture

  • WorkVenture
    WorkVenture Thailand Using big-data and machine-learning to match young professionals with relevant jobs. Innovating the way companies recruit young talent through data analytics and employer branding solutions. Funding: 420K Venture Round Investors: Undisclosed
  • Jobnisit
    Jobnisit India JobsIIT is an exclusive job portal connecting graduates & alumni of top engineering colleges with premium recruiters/companies.

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Nhu Trang Nguyen Thi
Nhu Trang Nguyen Thi • Freelance writer
congrats!
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