19th March, 2018

JobNet announces 7-digit funding windfall

JobNet.com.mm has secured a major 7-digit investment in a recent funding round which was led by a leading London-based investment fund with a net asset value of US$2B, and Sweden’s NASDAQ-listed Vostok New Ventures, which has net assets worth US$878M. Both of these investors are known for focusing on emerging markets and are impressed with JobNet’s continued growth and market penetration, in a time that has seen its competitors fall by the wayside.

JobNet plans to invest $US millions to further support their clients and the Myanmar employment market. The company’s MD Matt De Luca said, “We are closely aligned with our clients’ recruitment and human resource needs, and by developing world-class products, powered by cutting-edge technology, we are supporting their growth, helping them to find the best talent for their businesses, quickly and efficiently.”

JobNet is led Myanmar born CEO Justin Sway (ex. #1 FastTrack Recruitment Software, Australia, NZ), Jonah Levey (ex. #1 Vietnamworks job site), and MD Matt De Luca  who have a combined 50-years’ experience in the online jobs and recruitment space. 

CEO Justin Sway commented, “We are delighted to secure this major round of funding. It’s a testament to the confidence our investors have in our strategy and leadership, which has led Myanmar’s most successful companies to choose JobNet as their provider of choice, and taken us to the #1 market position. Our driving goal is to continue to work with our valued clients to lead, support and shape the Myanmar employment market.”

JobNet will further enhance the products and services they provide to valued clients