GrabJobs - Pre A Round

Singapore – December 2018

  • GrabJobs secured US$1.9M from Business Angels and Family Offices to accelerate its growth in existing markets such as Singapore and Philippines
  • The company aims at developing its proprietary technology by focusing on the job matching technology, a cross-platform posting, and its interview/chatbot technologies.

 

GrabJobs

GrabJobs was founded on July 2015 in Singapore by Emmanual Crouy (Co-founder & CEO) and Mark Melo (Co-founder & CCO). The company operates a chat-bot enabled, mobile first job platform in Southeast Asia.

Pre-A Round Mandate

In 2017, GrabJobs approached Vantage Capital to advise their Pre-A round of financing which aimed to secure funds to further develop their core product and accelerate their growth into Southeast Asia.

Our Approach

  1. Value Creation 
    – We evaluated GrabJobs’s core offering and collaborated with the team on drafting their vision and mission.
    – We advised the company on developing its sales strategy and having a KPIs approach to decision making
  2. Fundraising Preparation
    – We assisted in the preparation of best-in-class documentation.
    – We leveraged our network to build a list of angel investors who have expertise in technology, finance and HR.
    – We proposed to structure the deal using a SAFE Agreement to accommodate potential Venture Capital investors in GrabJobs Series A round.
  3. Negotiation and Closing
    – We defined a detailed execution plan and a clear use of funds.
    – We built momentum around the fundraising resulting in an oversubscribed round.

Our Results

We raised a USD $1.9 million Pre-A Round led by Business Angels and Family Offices. As a result of both our operational and financial support, GrabJobs has enjoyed significant growth in its key metrics post-close.

As such, our Managing Director, Jean-Pierre Sedaghat was offered a board seat to continue supporting GrabJobs.

Founders & CEO Testimonial

“Jean-Pierre has been a dedicated advisor during our fundraising process and growth plan. He focused on achievable milestones with a clear value creation plan to define the full potential of our business. He is an invaluable addition to your company, and I highly recommend him. He is now a board member. ”
Emmanual Crouy – Co-founder & CEO, GrabJobs 

Vantage Capital’s View

“GrabJobs has been one of the fast-growing mobile first job portal in Southeast Asia while burning a limited amount of cash. We are glad that GrabJobs’ team and its cutting-edge technology attracted such a strong group of Business Angels and Family Offices. I am excited to join GrabJobs as a Board of Director and to support them in their vision.”

GrabJobs - Pre A Round

Series Pre A Round
Investment
USD 1,900,000
Funding Status
GrabJobs - Pre A Round
Lead Investor
Business Angels
Funding Round
Series Pre A
Deal Type
Equity
Year Completed
2018
Location
Singapore

GrabJobs - Pre A Round

GrabJobs - Pre A Round

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GrabJobs - Pre A RoundGrabJobs - Pre A Round