Manatal, a Bangkok, Thailand-based recruitment and onboarding SaaS platform, announced that it closed $5.1 million in seed funding from Sequoia India's Surge alongside angel investors.
This funding round comes as the company is quickly scaling. They have placed close to 100,000 people in jobs since 2019 and are used in over 130 countries. Revenues have grown 3x every year.
The fresh funds will be channeled into engineering as the startup looks to enhance its product offering and AI-recommendation engine in the following months.
Company: Manatal.co.Ltd.
Raised: $5.1M
Round: Seed Round
Funding Month: February 2022
Lead Investors: Sequoia India's Surge
Additional Investors:
Company Website: https://www.manatal.com/
Software Category: Recruitment and onboarding SaaS platform
About the Company: Founded in January 2019 by Jeremy Fichet (French) and Yassine Bel Mamoun (Moroccan) in Bangkok, Thailand. Manatal is the next generation of recruitment software, easy to implement and built with the latest technologies the platform was designed to streamline and simplify recruitment processes from sourcing to onboarding and beyond. Manatal's simplicity helps recruiters leverage the latest technologies to streamline their recruitment flow from the sourcing to the onboarding. With Manatal, SMEs around the globe can combat challenges around talent recruitment and reach their hiring goals in a more affordable way than offered by the various enterprise recruitment solutions in the market. Manatal was built with the vision of democratizing recruitment software, and the mission to transform the way companies recruit on a global scale.
Source: https://www.prnewswire.com/news-releases/recruitment-saas-platform-manatal-raises-us5-1-million-in-funding-to-transform-hiring-globally-301479179.html