Online job matching platform WorkVenture has raised $420,000 in a seed funding round participated by several investors including Thai businessmen Songphon Chaovanayothin, and Sommaphat Traisorat, reports said.

Through its own algorithm called “WorkScore”, WorkVenture is able to help both job seekers and hiring companies connect and match with each other in terms of availability, requirements, qualifications, salary, location, among others.

Also Read: PH startup Kalibrr raises $2m in funding round led by Y-Combinator
Founded in 2014, WorkVenture is a Thai social enterprise led by a team of Chulalongkorn University & Sasin graduates.

It provides opportunities handpicked from the largest and most prospective local and multinational companies in Thailand.

Formerly known as JobNisit, the startup’s portal now reportedly has 500 signed up hiring companies, with an average of 400,000 monthly visitors.

Also Read: French startup StarOfService launches services marketplace in Philippines

The portal carries interactive content where job seekers can learn about the company culture, through pictures and reviews.

WorkVenture’s business model is to charge fees from employers who post their annoucements and other contents, but is free for job applicants.

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DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.

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