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CakeResume, utilized by tech firms like Google, L’Oreal and TSMC to search out new expertise, introduced right this moment it has raised $5 million in Collection A funding. The spherical was led by returning investor Mynavi, one in all Japan’s largest human assets firms, and will probably be used to increase in international locations like Indonesia, Vietnam and India. Primarily based in Taipei, Taiwan, CakeResume at the moment has 5 million customers around the globe, and greater than 7,000 shoppers who use it to supply job candidates.
Since TechCrunch final coated CakeResume in August 2020, it has grown from 20 workers to greater than 100. The platform has seen a number of traction in Indonesia, the place it now has 1.8 million customers, and in addition has important consumer bases in Taiwan and India. It focuses on tech jobs, however covers different industries like fast-moving client items and design.
Founder Trantor Liu advised TechCrunch that one of many methods CakeResume differentiates from different job websites like LinkedIn is the flexibility to construct multimedia resumes, so individuals like software program engineers and designers can showcase their work. Job seekers are in a position to customise photos, movies and fonts and embed iframes. Some examples of how customers reap the benefits of the multimedia resume builder are software program engineers embedding tasks from GitHub and designers embedding information visualizations.
A part of the funding will probably be used so as to add networking instruments, together with a brand new function on CakeResume’s cellular app referred to as “Expertise Community” that lets customers swipe on the profiles of individuals they need to meet. That is meant to make it simpler for individuals to satisfy headhunters, job seekers and mentors.
CakeResume has additionally been engaged on a AI expertise advice engine for the previous couple of years. It’s meant to cut back the period of time firms and recruiters spend sourcing candidates by 40% to 50%. For instance, a recruiter can inform the engine they need to rent a senior Java engineer in Indonesia for a wage of $60,000 to $70,000, and it’ll return potential candidates.
The funding may even be used to help CakeResume’s progress in Southeast Asia, with a give attention to onboarding extra firms from Indonesia.
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