Date : 19-Apr-2021
Location: Kuala Lumpur
Organization:
Grooves,a Japanese human resources tech (HR Tech) platform startup.
Key Takeaways:
- Grooves Inc has successfully managed to secure a funding of USD7.3 million (approximately RM30 million) from JIC Venture Growth Fund 1 and existing investor, Nanto CVC2 Fund.
- Together with previous investments from existing shareholder Hiroshima Venture Capital Co.,Ltd., a private investment from NISSAY CAPITAL CO.,Ltd. as well as a loan from a financial institution, Grooves Inc’s cumulative funding is worth a total of US$21 million (approximately RM86 million).
- The investments will be used to expand Grooves’ user base, develop new features, and enhance partnerships.
- Primary focusing in Japan, the company intends to leverage the new funds to expand a greater outreach globally.
Offering:
- Grooves currently has more than 9,000 listed Japanese corporations within its platform,and more than 50,000 users.
- IT engineer career support platform called Forkwell - IT jobs listing,recruitment and career services,organising events and seminars specialized for IT engineers.
Spokepersons:
- Grooves Inc’s Chief Executive Officer, Mr. Yukihiro Ikemi,said, the vision of the platform is to become a leading HR technology platform,by helping software & IT engineers to grow via continuous learning remotely.
- Chief Executive Officer of JIC Venture Growth, Investments Co., Ltd., Mr Hideki Yarimizu,said,the platform can help to solve labour shortage issues in the backdrop of declining population and distributed talents across locations.
- Mr. Atsuyuki Sakai, Chief Executive Officer of Nanto Capital Partners Co., Ltd.,said,Covid-19 sealed the requirements in every aspect of remote workforce,such as talent hunting,recruitment,continuous learning,career enhancement etc.
Insights:
- This year, Forkwell will also begin hosting its first engineering series on YouTube titled, “The Global Dev Study” with various international speakers from Germany, Poland and the United Kingdom.
- The company is championing the “IT Engineers First” mission, by helping IT Engineers to grow and prosper their careers without borders.
- Besides, the company is dedicated in its mission to achieve the 8th and 11th United Nations Sustainable Development Goals (SDG) - "Decent work and economic growth" and "Sustainable Cities and Communities."
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