Sep 07, 2016

    2 matchmakers catch the eye of VC funds

    TWO homegrown companies in the matchmaking sector said yesterday that they have raised venture capital to expand their services.

    The first, Glints, is a Singapore-based graduate recruitment platform

    that matches youths

    to their desired jobs.

    Glints said it has bagged US$2 million (S$2.7 million) in Series A funding,

    led by Golden Equator Capital and Gobi Partners.

    The funding will be used for regional expansion

    and to enhance its youth career discovery and development platform.

    Since 2014, Glints has amassed over 170,000 users actively looking for entry-level job opportunities and over 4,000 companies looking to hire.

    The platform is founded by three friends who had reportedly dropped out of Stanford, UC Berkeley, and Wharton Business School

    to start up.

    The second company, Lunch Actually Group,

    has raised a "seven-digit"

    Series A funding from Internet companies mixi

    and Fatfish Internet Group.

    Lunch Actually said it would use the capital to drive growth in its existing markets - Singapore, Hong Kong, Malaysia, Thailand and Indonesia - and to expand to a new market

    in Asia.

    To date, the group has reportedly gathered more than half a million members and arranged over 70,000 dates, with thousands of successful couples and marriages under its belt.

    It offers both online and offline dating platforms.