CakeResume is a startup developing an alternate for the tech market to position research platforms like LinkedIn. The Taipei-based mostly corporation, started in 2016, announced right now that it has elevated $900,000 in seed funding from Mynavi, a single of the most significant staffing and community relations businesses in Japan. The round will be utilised to extend CakeResume’s operations in other international locations, such as Japan and India.
Founder and main executive officer Trantor Liu, who was a full-stack web developer at Codementor prior to launching CakeResume, claimed the startup’s target is to have the major pool of tech talent in Asia. The platform at this time has about 500,000 resumes in its database, 75% of which ended up established by occupation seekers in Taiwan. Far more than 3,000 companies, ranging from startups like Appier to substantial corporations like Amazon Internet Services, TSMC, Nvidia and Tesla, use it for recruitment.
The other 25% of resumes arrive from countries such as India, Indonesia and the United States. CakeResume designs to broaden in Japan with the assistance of Mynavi, a strategic trader, and is also searching for partnerships in Southeast and South Asia with recruiters. Liu explained CakeResume has a specifically significant conversion rate in India, and its intention is to create a pool of at the very least 100,000 resumes there.
In a statement about its determination to devote in CakeResume, a Mynavi agent mentioned, “The global shortage of IT engineers is turning out to be a lot more clear and we are concentrating on solutions similar to IT talent in Asia. Among the them, CakeResume’s provider is superb in item design, and the provider is now utilised by lots of expertise in the place,” including that it expects the system to develop into “the largest IT talent pool in Asia in the in close proximity to long run.”
In Taiwan, CakeResume’s principal rivals are LinkedIn and occupation research web-site 104.com.tw. It also competes from other task sites like AngelList, Indeed and Glassdoor.
CakeResume differentiates by supplying tech professionals a lot more approaches to display off their capabilities, due to the fact several tech corporations want extra in-depth resumes than the standard just one-pagers employed in other fields. The startup was named for the reason that its resume builder permits job seekers to add far more levels of information, like assembling a cake. For instance, CakeResume’s template allows engineers to embed initiatives from GitHub, when designers can include facts visualizations, instead of just which includes inbound links to them.
“We aren’t just offering a kind to fill in that you can then obtain as a formatted PDF resume. We want to make it possible for you to be more creative,” reported Liu. “You can effortlessly embed project illustrations or photos and insert descriptions, which makes it a lot easier for HR to have an understanding of what you can lead.”
An additional difference involving CakeResume and its opponents is that most people who create a profile are actively trying to find new positions, as a substitute of expert networking opportunities. Because it is also tailor-made for the tech field, recruiters have a higher possibility of having responses from fascinated candidates, Liu explained.
“We recently acquired a evaluation from one particular of our shoppers, and they said when they applied our platform to make contact with talent, they got about a 50% reply rate, but on LinkedIn it may well be considerably less than 10%,” he included.
Ahead of the COVID-19 pandemic, many work seekers had been keen to relocate, but chief functioning officer Wei-Cheng Hsieh said CakeResume is now focusing more on serving to people today obtain remote work. More tech organizations, together with Fb and Google, are extending their operate from property policies right until at the very least summer 2021.
Even though several task postings still specify a spot, Liu mentioned CakeResume’s workforce anticipates this will modify as businesses continue on adapting to the pandemic. Even though CakeResume will continue to be concentrated on matching candidates to work in its place of networking, it also is also screening some social characteristics to assistance employees around the world connect with companies and each and every other.