UOB Venture leads $30m round for China's HunterOn

Existing investors including IDG Capital Partners also participated.

Shanghai-based HunterOn was founded in 2012. While its industry peers primarily focus on linking job seekers directly with recruiters, HunterOn connects headhunters and companies. It receives commissions on all appointments but if a recommended applicant fails their three-month probationary period this fee is refunded.

More than 80,000 offline headhunting firms and individual advisors have registered with HunterOn, while about 30,000 companies use the platform to select headhunters.

The start-up raised a Series A round of funding from IDG and China Growth Capital, and a $20 million Series B round in 2014 led by Sequoia Capital. Following the new round, the company plans to expand its recruitment services into more sectors, including financial services, advanced manufacturing, healthcare and flash sales.

Earlier this year, US-listed Chinese recruitment website Zhaopin, which is majority owned by Australia's Seek, received a $1.1 billion take-private offer from a consortium including CDH Investments. It then received a competing bid from a consortium featuring Sequoia Capital and company management in May.

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• Topics
• Greater China
• Venture
• Technology
• Expansion
• Support services
• China
• TMT
• UOB Venture Management
• IDG Capital Partners
• Growth capital