CakeResume is a startup creating another for the tech business to job search platforms like LinkedIn. The Taipei-based firm, based in 2016, introduced right this moment that it has raised $900,000 in seed funding from Mynavi, one of many largest staffing and public relations corporations in Japan. The spherical will likely be used to broaden CakeResume’s operations in different nations, together with Japan and India.

Founder and chief govt officer Trantor Liu, who was a full-stack internet developer at Codementor earlier than launching CakeResume, stated the startup’s objective is to have the largest pool of tech expertise in Asia. The platform presently has about 500,000 resumes in its database, 75% of which have been created by job seekers in Taiwan. Greater than 3,000 employers, starting from startups like Appier to giant corporations like Amazon Net Providers, TSMC, Nvidia and Tesla, use it for recruitment.

The opposite 25% of resumes come from nations together with India, Indonesia and the US. CakeResume plans to broaden in Japan with the assistance of Mynavi, a strategic investor, and can also be searching for partnerships in Southeast and South Asia with recruiters. Liu stated CakeResume has a very excessive conversion fee in India, and its objective is to construct a pool of at the very least 100,000 resumes there.

In assertion about its resolution to spend money on CakeResume, a Mynavi represenative stated, “The worldwide scarcity of IT engineers is changing into extra obvious and we’re specializing in providers associated to IT expertise in Asia. Amongst them, CakeResume’s service is superb in product design, and the service is already utilized by many expertise within the nation,” including that it expects the platform to grow to be “the biggest IT expertise pool in Asia within the close to future.”

In Taiwan, CakeResume’s essential rivals are LinkedIn and job search website 104.com.tw. It additionally competes in opposition to different job websites like AngelList, Certainly and Glassdoor.

CakeResume differentiates by giving tech professionals extra methods to indicate off their expertise, since many tech corporations need extra in-depth resumes than the normal one-pagers utilized in different fields. The startup was named as a result of its resume builder allows job seekers so as to add extra layers of data, like assembling a cake. For instance, CakeResume’s template permits engineers to embed tasks from GitHub, whereas designers can add information visualizations, as an alternative of simply together with hyperlinks to them.

“We aren’t simply offering a kind to fill in that you could then obtain as a formatted PDF resume. We wish to permit you to be extra artistic,” stated Liu. “You may simply embed venture photographs and add descriptions, which makes it simpler for HR to grasp what you may contribute.”

One other distinction between CakeResume and its rivals is that most individuals who create a profile are actively searching for new positions, as an alternative {of professional} networking alternatives. Since additionally it is tailor-made for the tech business, recruiters have a better probability of getting responses from candidates, Liu stated.

“We not too long ago bought a overview from one among our shoppers, and so they stated after they used our platform to contact expertise, they bought a few 50% reply fee, however on LinkedIn it is perhaps lower than 10%,” he added.

Earlier than the COVID-19 pandemic, many job seekers have been prepared to relocate, however chief working officer Wei-Cheng Hsieh stated CakeResume is now focusing extra on serving to folks discover distant jobs. Extra tech corporations, together with Fb and Google, are extending their earn a living from home insurance policies till at the very least summer season 2021.

Although many job postings nonetheless specify a location, Liu stated CakeResume’s group anticipates this can change as corporations proceed adapting to the pandemic. Whereas CakeResume will stay targeted on matching candidates to jobs as an alternative of networking, it additionally additionally testing some social options to assist staff around the globe join with corporations and one another.



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