🇸🇬 hiring solutions startup nets $4.2m in series A fundraise

Singapore-based X0pa AI, a hiring solutions platform, has raised US$4.2 million in a series A funding round led by ICCP SBI Venture Partners (ISVP). Seeds Capital and SASV Investments also participated in the round.

Photo credit: wirojsid / 123RF

X0pa plans to use the capital for global expansion, beginning with Asian, US, Latin American, and European markets. This will include investments in the company’s go-to-market strategy and teams. The startup will also use the funds to support product enhancements and innovation.

The platform offers AI-powered products that are developed on Microsoft Azure. These products aim to reduce manual recruitment and selection processes, increase inclusion, and solve people-sourcing problems for enterprises, academia, and government.

“X0pa is leading the way in building a more equitable future of work,” said ISVP managing director Miguel Encarnacion, who also joins the board at X0pa.

See also: Series SEA: Who’s investing in the region’s AI startups?

The startup’s clients recorded a 600% increase in return on investment, 80% savings in time, and 50% in cost to hire, according to Sajit Nair, managing director and founding partner of SASV investments.

Other investors in the round include:

• XCEL Next Ventures
• AI8 Ventures