PERSOL Group Validates Hiredly’s Potential Through An Investment

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Kuala Lumpur, 26 April 2022  Hiredly, Malaysia’s leading hybrid recruitment platform, today announced an investment from PERSOL Group for an undisclosed amount.

PERSOL Group is headquartered in Japan and is one of the largest comprehensive human resources service providers in the world. Established in 1973, they have over 50,000 employees across 13 countries and regions. With PERSOL’s outstanding credentials, their investment in Hiredly validates the startup’s potential to innovate and transform the recruitment industry.

This also attracted a follow-on investment from CAC Capital, a Japanese corporate venture capital firm that previously already invested in Hiredly in 2019.

“PERSOL Group is one of the very few recruitment companies that are truly embracing innovation, and we share a belief that we can revolutionize the recruitment industry to help more people find the right jobs, with the right companies. I am excited to welcome PERSOL as an investor, and look forward to a great relationship with them.”, said Derek Toh, founder and CEO of Hiredly.

Derek Toh, founder and CEO of Hiredly

The investment will accelerate Hiredly’s growth and product development plans. The startup is first looking to dominate the Gen Y & Z recruitment market in Malaysia and will be introducing more features to help employers showcase their unique stories and compete for the right talent.

“Future of Work” has been a hot topic in the HR industry as everyone might already realize. Due to the pandemic, we have been forced to change the way we work and look for jobs. Hence, human resources service providers like Hiredly and PERSOL are also required to evolve. Hiredly is transforming the recruitment process with AI technology and highly trained recruitment consultants. I am excited to work with Derek and the team to lead the Future of Work in Malaysia.” said Shingo Ishida, Partner of PERSOL VENTURE PARTNERS LLC.