Self-marketed as a Netflix-like platform for job hunting, WorkVenture has received the largest
investment by a Thai startup in a Series A round this year. The new investor to the company provided funding of $3.6 million to the job search company.

Using artificial intelligence, the website matches users with potential employers using algorithms
to provide suitable matches. Recently, the company has adopted similar features used by
Glassdoor, a job-search website, which allows users to review employers and companies,
anonymously.

“Traditionally, a majority of employees are reluctant to express opinions or raise concerns over
issues in the working environment until it is too late,” Executive Director of WorkVenture, Alex
Kerbo told Deal Street Asia. “Transparency is the answer. It not only addresses those issues but
helps lower turnover rates by providing potential candidates with real insights into a company’s
culture.”

The investment round is the second for the Bankok-based company, with the first led by
investors such as Sommaphat Traisorat, TCC Land Asset World’s Chief Executive and
Songphon Chaovanayothin, PACE Development’s Executive Director. The first round of funding
brought $420,000 of funding for WorkVenture. Clients of the startup include startups, Thai listed companies, hotel chains, tech giants and international companies, Kerbo said.

The $3.6 million investment came from the founder of a media-related company which is listed,
an informed source said. The company plans on putting the funds toward algorithmic technology development, an increased market share in the country and a roadshow planned for the second quarter of next year. “Our goal is to change the way recruitment is done in Southeast Asia, together with algorithmic matching and anonymous reviews of companies,” WorkVenture CEO Jens Pold said.

(Picture courtesy: e27)