Jobs platform CakeResume gets $5 million in fresh funding

Jobs platform CakeResume gets $5 million in fresh funding

CakeResume, utilized by tech corporations like Google, Nvidia and TSMC to search out new expertise, introduced right now it has raised $5 million in Sequence A funding. The spherical was led by returning investor Mynavi, one in all Japan’s largest human assets corporations, and will likely be used to increase in international locations like Indonesia, Vietnam and India. Based mostly in Taipei, Taiwan, CakeResume presently has 5 million customers all over the world, 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 staff to greater than 100. The platform has seen numerous traction in Indonesia, the place it now has 1.8 million customers, and likewise 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 informed TechCrunch that one of many methods CakeResume differentiates from different job websites like LinkedIn is the flexibility to construct multimedia resumes, so folks like software program engineers and designers can showcase their work. Job seekers are capable of customise photographs, movies and fonts and embed iframes. Some examples of how customers benefit from the multimedia resume builder are software program engineers embedding initiatives from GitHub and designers embedding knowledge visualizations.

A part of the funding will likely be used so as to add networking instruments, together with a brand new function on CakeResume’s cellular app known as “Expertise Community” that lets customers swipe on the profiles of individuals they need to meet. That is supposed to make it simpler for folks to fulfill 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 corporations 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 development in Southeast Asia, with a concentrate on onboarding extra corporations from Indonesia.


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