Hong Kong-based video interviewing enterprise platform Neufast announced in February 2021 that it has bagged an undisclosed amount of funding from Her Capital (a Singapore-based VC firm focusing on women-led businesses). Other participants in the funding round include SOSV Chinaccelerator, AsiaPay Capital and Artesian Venture Partners.
The startup will use proceeds from the funding round to expand its product offerings and foray into the regions of Greater China and Southeast Asia.
Agnes Wun and Dennis Lee founded Neufast in 2018. The HR-tech startup provides AI software to help companies find excellent candidates. Its talent finding intelligence services are intended to help entrepreneurs, MNCs and small and medium businesses to reach their goals by hiring the best people. Its video interviewing software can evaluate candidates in multiple languages within a single interview. Its B2C solution called NeuCareers helps job seekers comprehend their personalities and job fit, enabling them to thrive in a virtual interview process. It has numerous clients, including Crystal Group, Landbridge Ship Management, and Hong Kong Polytechnic University, among others.
CEO Agnes Wun said as a Singapore-based VC firm; Her Capital appreciates the opportunity for the multilingual and multicultural Southeast Asia job market and the significance of addressing biases in talent assessment. She added that Her Capital has a balanced board that would benefit its team, clients and business partners.
Her Capital
Her Capital is a Singapore-based venture capital firm focusing on early-stage startups with scalable businesses based in South East Asia with a female founder. Managing Partner Wong and Tanya Rolfe lead the firm. This is Her Capital’s first investment since launching its women-focused fund last year (2020), through which it aims to raise US$ 10M. It is on a mission to actively seek out female founders and capture their potential for greater returns. We back entrepreneurs who know and understand the end-users across three verticals: Transformative Technology, Female Consumer and Social Impact with Returns.
Gail Wong, the Managing Partner of Her Capital, said with their commitment to innovation and an agile team, Neufast is well-positioned to benefit from the explosive growth in today’s digital hiring norm. Being an investor in female-founded, scalable businesses, they are optimistic of Neufast’s potential in evaluating the culturally-diverse and increasing the talent pool of Southeast Asia.
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