FOR RELEASE AFTER
Jakarta, 10 August 2017, 1PM
URBANHIRE RAISES PRE-SERIES A ROUND
The following is a press release announcing Pre-Series A Financing investments from Convergence Ventures, Social Capital, 500Startups, and others.
Urbanhire , an Indonesia-based HR Tech company that is changing the way businesses hire, announced today that it has secured a Pre-Series A Financing Round led by Convergence Ventures with participation from Social Capital, 500Startups, Tortola
Capital, Denali Capital, and Intrafood Group.
Founded in 2016, Urbanhire helps medium to large companies manage their recruitment process to hire more effectively by saving time and cost. Urbanhire’s SaaS (Software-as-a-Service) platform has features to enable more efficient recruiting
including: instant omni-channel job posting to over 40 portals such as KompasKarier, Indeed, Glassdoor, LinkedIn, and many more; eliminating the need to constantly post and refresh job postings at multiple locations. Detailed applicant tracking, resume
search, and collaboration tools also help teams to communicate effectively throughout the interview process to make the right hires.
Already, Urbanhire has more than 2000 subscribing businesses hiring on the platform including large corporates such as Duta Anggada Group, BPJS Kesehatan, MPM Group, Elnusa, Kompas Group, BizNet Gio and many other leading companies.
“We believe that recruitment should be strategic and those involved in the process are not only the HR team but also all the users. That’s why Urbanhire is perfect for our needs. It brings the team to collaborate and work together in the recruitment process under one platform,” says Dondy Bappedyanto, CEO Biznet Gio Cloud.
Building on this momentum, Urbanhire will use the additional financing to expand its national and regional reach, build additional sales and marketing capabilities, and accelerate product development such as its proprietary algorithmic based matching between jobseekers and employers.
“Urbanhire has doubled the productivity of our clients’ hiring teams as they take control of all recruitment initiatives from sourcing to hire on a single dashboard. In the near future, our platform will use machine learning to facilitate requirements matching between employers and jobseekers,” says Benson Kawengian, CEO of Urbanhire.
Seasoned entrepreneur Benson Kawengian met cofounders Hengki Sihombing and Jepri Sinaga at a hackathon in 2015. Hengki, who is Head of Jakarta Java Script community, is widely regarded as one of the best programmers in Indonesia. Jepri is also a world-class product specialist with over 7 years of experience at companies like Magnivate and XM Gravity. Together, they are on a mission to build a global Software-as-a-Service company from Indonesia.
“We are confident that Urbanhire will continue to bridge requirements between job seekers and hiring companies in Indonesia through its efficient cloud platform and smart matching system. This funding round is concrete evidence that top Silicon Valley venture capitals are starting to notice technology companies born in Indonesia and we are proud to hear about this news”says Triawan Munaf, Head of Indonesian Agency for Creative Economy (BEKRAF). Groomed by Indonesia’s Agency for Creative Economy (BEKRAF), Urbanhire represented Indonesia in Startup Istanbul in 2016 and came out as one of the top
“Recruitment is one of the most important aspects of any business and the Urbanhire team has built a differentiated product that uses technology to make recruitment faster and easier for businesses,” says Adrian Li, Managing Partner of Convergence Ventures. Adrian and Benson are both members of the Entrepreneurs’ Organization Indonesian Chapter.
“We’re excited to be working with Urbanhire. We see tremendous market opportunity and are impressed with the traction the platform has seen to date, both with job seekers and employers. Especially for a labor marketplace, the company is seeing impressively high employee engagement and employer retention,” says Ashley Carroll, Partner at Social Capital, a top venture capital firm from Silicon Valley known for its investments in global SaaS (Software-as-a-Service) unicorns like Slack, Intercom, Box Inc., and SurveyMonkey. Urbanhire is Social Capital’s first investment in Southeast Asia. Urbanhire has previously raised funding from RMKB Ventures and angels.
Urbanhire is a jobs-listing aggregator and distributor with a SaaS (Software-as-a-Service) dashboard that helps employers streamline their hiring processes to get talents effectively. It distributes jobs over 40 job, media, and university portals. Founded in 2016 in Jakarta, Urbanhire aims to disrupt the recruitment industry to dominate in Southeast Asia by transforming the way recruiters think about hiring.
ABOUT CONVERGENCE VENTURES
Convergence Ventures is an early stage technology venture fund focused on investing in Indonesia’s digital disruptors. Partners Adrian Li and Donald Wihardja lead the fund. They are seasoned professionals with extensive operating experience in Internet and Mobile businesses in emerging markets.
ABOUT SOCIAL CAPITAL
Social Capital is a top Silicon Valley venture capital dedicated to companies that are trying to advance humanity by solving the world’s hardest problems. Founded by Chamath Palihapitiya in 2011, the fund has established a global reputation as an impact investor and has invested in global SaaS unicorns like Slack, Intercom, Box Inc., and SurveyMonkey.
Entrepreneurs’ Organization is a global non-profit organization, whose stated mission is to Engage leading entrepreneurs to learn and grow. The organization was founded in 1987. It has over 10,000 members globally and over 120 members in Indonesia.
Head of Growth
Phone: 021 2751 8858
Email: [email protected]
Kasubdit Dana Masyarakat
Direktorat Akses Non Perbankan
Deputi Akses Permodalan BEKRAF
Email: [email protected]
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