Persol Holdings is set to invest in Singapore-based NodeFlair Pte. Ltd. The company describes itself as a “career advancements platform” and covers a range of services such as executive search, RPO, employer of record and employer branding. The company also specialises in remote hiring.

The investment was made via Persol Venture Partners as part of a USD 2 million Series A funding round.

“For the past few years, we have been building NodeFlair to be a career advancement platform providing payslip-verified salary data and detailed career information for roles across all levels of seniority,” NodeFlair stated.

The company was founded by Ethan Ang and Adrian Goh in 2018, and has since grown to 40 employees with more than 2 million visitors to their site annually.

NodeFlair’s funding round was led by Iterative with participation from 500 Global. Prominent angel investors Quek Siu Rui (CEO & Co-founder of Carousell), JJ Chai (CEO & Co-founder of Rainforest), and Siew Kum Hong (Former COO of AirBnB China) also participated.

The company said the new funding will be used to accelerate product development, expand into new markets across Southeast Asia, and grow the team. NodeFlair added that it aims to reach profitability by 2024.

Shingo Ishida, Partner and Head of APAC, Persol Venture Partners, said, “NodeFlair’s innovative approach to talent recruitment, their focus on leveraging cutting-edge technology, and their understanding of the Singapore and Vietnam market make them a compelling new recruitment business.”

“Persol’s expertise in talent acquisition, combined with NodeFlair’s resources and database, could lead to exciting collaborations and accelerated growth,” Ishida said. “By joining forces, we could further enhance Nodeflair’s capabilities and expand their reach, creating a significant impact in the industry.”

Ethan Ang, CEO, NodeFlair added, “Persol Group has been in the recruitment business for decades. We’re extremely excited to leverage on the operational excellence and expertise by the Persol team to help more talents make better career decisions and solve the recruitment gap here in Asia. We are proud to be backed by Persol and we look forward to an amazing partnership.”