GEN Y JOB PORTAL WOBB RAISES US$1.3M IN PRE-SERIES A ROUND
Published 05 August, 2019
Derek Toh, seated, 3rd from right, with his team at WOBB.
WOBB, the leading Gen Y specialised job portal in Malaysia, has announced a pre-Series A investment of US$1.3 million (RM5.4 million) from CAC Capital Investment Limited Partnership (CAC Capital), Accord Ventures Inc (Accord Ventures) and Actcelerate International Group Ltd (AIG). The funding round was arranged by Cradle Fund Sdn Bhd which provided operational and legal help in facilitating the investment.
The funds raised will be used to accelerate growth and capture market share, with the company’s immediate goal being to dominate Gen Y hiring in Asia. It is currently operating in Malaysia with an online presence in Manila, supported from Malaysia, with a Manila sales office to be established in the next 6 to 9 months. An Indonesia presence is likely in late 2020.
Source From Digital News Asia