BANGKOK: WorkVenture, a Thailand based job search platform, has recently announced a new round of funding. The company, which believes in the ideology of pushing the most relevant jobs to seekers, does so through an original, semantic algorithm that was developed in-house by its team.
The company has raised THB 15 Million (around USD 400,000) in funding from a clutch of prominent investors. The company was founded in 2014 and previously went under “Jobnisit”. It changed its name to WorkVenture in August and came up with “WorkScore”, a semantic algorithm that was developed in-house by the team. The algorithm is at the center of the platform and is unique in pushing the most relevant positions to job seekers.
By reducing the time that a user must spend actually looking for jobs, the platform allows them to focus on other things — such as researching the positions suggested to them by the WorkVenture platform, or checking out the particulars of the companies listed on the platform through the WorkVenture Company Pages. The investors in this round included Mr. Sommaphat Traisorat, Chief Executive of TCC Land Asset World and Mr. Songphon Chaovanayothin, Executive Director of PACE Development Corporation.
