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JAFCO invests $5 million in HiringBoss

  • Andrew Woodman
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Japanese venture capital firm JAFCO has put $5 million into HR software provider HiringBoss in a Series A round of funding.

Singapore-headquartered HiringBoss will use the investment for R&D, product development and to improve regional sales and support mechanisms. The company also plans to launch two new HR software products by June 2013: HrBoss and StaffingBoss. Launched in 2011, the company also has offices in Japan, Indonesia and Vietnam.

"JAFCO's investment in us marks a new chapter in the HiringBoss story. First and foremost this legitimizes our business proposition and is recognition of the need for an Asia-based executor on talent management solutions," said Bernie Schiemer, CEO of HiringBoss, in a statement.

JAFCO already has numerous investments across sectors such as enterprise software, cloud computing, mobile application and digital media. Recent investments include voice blogging service Bubble Motion and mobile video service Vuclip which this week acquired another mobile video platform, Jigsee, in an all-stock deal with Indian Angel Network (IAN) and Sequoia Capital.

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