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JAFCO backs HiringBoss with $5m investment

1 Mar 2013

handshake3_lrgJapanese venture capital firm JAFCO has completed a $5m investment in Asia-based human resources and e-recruiting software business HiringBoss.

The company said it would use the funding to accelerate its R&D, product development and increase regional sales and local support mechanisms.

JAFCO executive managing director Hiroshi Yamada said, “JAFCO is excited to be part of the HiringBoss journey and back this ambitious company in their successes in Asia.

“We see great products, fresh approach and a good team already in place. We expect great things in the offing.”

HiringBoss CEO Bernie Schiemer added, “JAFCO’s investment in us marks a new chapter in the HiringBoss story.

“First and foremost this legitimizes our business proposition and is recognition of the need for an Asia-based executor on talent management solutions.

“For too long, businesses in Asia have had to settle for overly complex US and Eurocentric solutions that don’t take into account the local and region-specific needs of this highly diverse and dynamic market.”

The news comes a day after Baseline Ventures led an $8m Series A fundraising round for San Francisco-based hiring specialist Gild – the largest ever round in the tech-hiring market.

The round was also supported by SAP Ventures, Globespan Capital Partners and Silicon Valley investor Mark Kvamme, who was an original investor in LinkedIn.

Gild’s technology combines Big Data techniques with patent-pending technology which evaluates developers’ skills.

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