Malaysian Gen Y and Z job portal WOBB raises US$1.3M pre-Series A funding
WOBB, a job search portal targeting Generation Y and Z job seekers in Malaysia, announced that it has received US$1.3 million pre-Series A investment from CAC Capital, Accord Ventures, and Actcelerate International Group Ltd (AIG) in a funding round arranged by Cradle Fund.
Derek Toh, the company’s founder and CEO, shared that the company’s vision is to be the largest youth platform in Asia.
The funding will be used to focus on its growth in a mission to dominate Generation Y hiring in Asia.
Founded in 2014, WOBB uses algorithms and AI chatbots for screening, which is aimed to make it faster for job seekers and employers to find each other, as told in DealStreetAsia.
WOBB partners with LinkedIn in Malaysia, the Philippines, and Indonesia to enhance its job-seeking platform.
In 2017, WOBB raised US$140,000 from an equity crowdfunding campaign.
It is also a recipient of Cradle Fund’s CIP150, CIP500 grants as well as a DEQ equity funding.
The startup said that it will start its Series A fundraising next year.