Glints (platform)

Last updated
Glints Pte Ltd
IndustryHuman Resource
FoundedAugust 2013 (2013-08)
FoundersOswald Yeo, Looi Qin En, Seah Ying Cong, Wong Yong Jie, Steve Anderson Sutanto
Headquarters
Singapore
Area served
Singapore
Key people
ProductsOnline Career Development & Matching
Website www.glints.com

Glints is an online job recruitment platform headquartered in Singapore. The company was founded in August 2013 by Oswald Yeo, Looi Qin En and Seah Ying Cong. Through the website, users can apply for internships, full-time, part-time or project based positions with partnered companies. [1]

Contents

History

The company was founded by Oswald Yeo, Looi Qin En and Seah Ying Cong, who met back in high school, Hwa Chong Institution. [2] Glints began by the founders helping their friends in their search for internships by building up their career readiness through practical & real-world experiences. In August 2013, Glints started off with 38 members tracked in Google Sheets and as of April 2015 it had grown to over 7000 active members. [3] The trio have put their computer science degrees and scholarships on hold at Stanford, University of California Berkeley, and Wharton Business School respectively, in order to pursue the business. [4]

In 2017, Looi left the company, citing "creative friction", [5] and went on to complete his degree and later join the Boston Consulting Group. [6]

Funding

Glints is an alumnus of accelerator Joyful Frog Digital Incubator (JFDI.Asia). In 2014 Glints had received US$59,940 in pre-seed money from private business angels and JFDI. [7] On October 20, 2014, Glints managed to secure $475,000 in an oversubscribed seed round from venture capitalists, led by East Ventures, with participation from 500 Startups, Infocomm Investments, Darius Cheung, John Tan, SPH Media Fund, 8 Capital and Pix Vine Capital. These funds will be used to grow its engineering team to develop the platform. According to co-founder Oswald Yeo, they have turned away about US$250,000 as they "didn't want to raise so much money right now". [8]

In February 2018, Singapore-listed recruitment firm HRnetGroup Limited made a strategic investment in Glints. [9] [10]

In July 2019, Glints managed to secure $6.8 million in a Series B round led by Monk's Hill Ventures. [11]

In April 2021, Glints announced a $22.5 million Series C round led by Tokyo-listed human resources management firm PERSOL Holdings. [12] It was the largest investment round into a career platform in Southeast Asia at that time. [13]

In August 2022, Glints secured $50 million in a Series D oversubscribed round co-led by DCM Ventures, Lavender Hill Capital, and returning investor PERSOL Holdings. [14]

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References

  1. ↑ "Singapore Startups Stretching Their Wings in the US". Archived from the original on 14 April 2015. Retrieved 11 April 2015.
  2. ↑ "Find out how 3 young men at 20s founded a startup". 10 July 2014. Archived from the original on 20 January 2015. Retrieved 10 April 2015.
  3. ↑ "Recruitment startup Glints raises S$475,000 in seed funding from East Ventures, SPH Media Fund" . Retrieved 9 April 2015.
  4. ↑ "Young Singapore Ivy League dropouts attract $475,000 in funding for startup". The Straits Times. 11 February 2015. Archived from the original on 21 March 2015. Retrieved 9 April 2015.
  5. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Retrieved 2017-11-09.
  6. ↑ "Alumni: Qin En Looi". Stanford Engineering. Archived from the original on 12 April 2021. Retrieved 13 April 2021.
  7. ↑ "Glints team raises US$380K seed round, gives up Ivy League path". 11 February 2015. Archived from the original on 14 April 2015. Retrieved 11 April 2015.
  8. ↑ "Glints turns away funds in oversubscribed US$475K seed round" . Retrieved 11 April 2015.
  9. ↑ "SG: HRnetGroup makes strategic investment in jobs platform Glints". DealStreetAsia. Archived from the original on 2020-09-29. Retrieved 2020-08-01.
  10. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Archived from the original on 2020-11-09. Retrieved 2020-08-01.
  11. ↑ "Glints raises US$6.8m in Series B funding to expand to Vietnam, Hong Kong". The Business Times. 2019-07-15. Archived from the original on 2020-02-27. Retrieved 2020-02-27.
  12. ↑ "Glints gets $22.5m in Series C round". TechCrunch. 2021-04-06. Archived from the original on 2021-04-06. Retrieved 2020-04-07.
  13. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Archived from the original on 2022-08-30. Retrieved 2022-08-30.
  14. ↑ "Tech in Asia - Connecting Asia's startup ecosystem". www.techinasia.com. Archived from the original on 2022-08-30. Retrieved 2022-08-30.
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