Taipei-based CakeResume has raised US$ 900K in a seed funding round held in August 2020, from Mynavi, one of the largest recruitment and public relations companies in Japan.
Capital raised will be used to expand CakeResume’s services in other countries, such as Japan and India.
Founded in 2016 by Trantor Liu, previously a full-stack web developer at Codementor, the startup offers resume/CV (a brief summary of personal and professional experiences, skills, and education history presented in the form of a document while applying for a job) builders to users to create highly personalized resumes. Users are able to build innovative & eye-catching resumes in about 10 minutes with the help of the templates available on their platform. Apart from that, they also provide a talent-based career platform similar to LinkedIn. By launching an AI-powered talent search engine and talent matching system, CakeResume helps organizations speed-up their recruitment process.
They are working with a vision to convert Asia into a global hub for technology talents. The platform at present has about 500K resumes in its catalog, 75% of which were created by job searchers in Taiwan. More than 3K employers, from startups like Appier to companies like Amazon Web Services, TSMC, Nvidia and Tesla, use it for staffing.
Remaining 25% of resumes come from countries like India, Indonesia and the United States. CakeResume is wanting to expand in Japan with the help of Mynavi, its latest investor. It also plans to collaborate with recruiters in Southeast and South Asia. CEO Liu feels that his company has a particularly high conversion rate in India, and aims to build a range of at least 100,000 resumes there. The startup was named CakeResume since its resume builder helps job seekers to add more layers of data similar to assembling a cake. For instance, CakeResume’s template allows engineers to insert projects from GitHub, while designers can include data visualizations, instead of just including links to them.
The CEO further said, “We aren’t just providing a form to fill in that you can then download as a formatted PDF resume. We want to allow you to be more creative. You can easily embed project images and add descriptions, which makes it easier for HR to understand what you can contribute.”
Although CakeResume will remain fixated on matching aspirants to jobs instead of networking, it is also going to test some social features to help workforces around the globe connect with companies and each other.
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