Philippine start-up gets funding from Silicon Valley

ABS-CBN News

Posted at Mar 18 2015 09:10 AM | Updated as of Mar 18 2015 05:10 PM

MANILA, Philippines - A Philippine tech start-up aiming to revolutionize job search has raised additional funding from Silicon Valley investors.

Kalibrr joins other successful companies like AirBnB, Reddit, Dropbox, Scribd and 9-gag, which were initially funded by Y-Combinator, a Palo Alto-based seed accelerator.

Kalibrr is a cloud-based job-matching platform, headed by University of California-Berkeley alumni, Paul Rivera and Dexter Ligot-Gordon.

The tech start-up generated $2 million, said to be the largest fund raised by a local start-up so far. Several investors made this possible, 75% of which are foreign-based including Pierre Omidyar of eBay and Y Combinator, and 25% from Kickstart Ventures, an incubator-investment firm owned Globe Telecom.

Kalibrr was the first Philippine-based tech start-up to be accepted in the Y Combinator program.

"We are proud to be the first Filipino company to receive support from the Valley, but we certainly hope that we are not the last," Rivera, Kalibrr founder, said.

Kalibrr started local operations in the fourth quarter of 2014 and their platform is currently on beta.

The company's founders are planning to go full blast by the second quarter of this year.

"We are almost done getting initial feedback from our clients and from the jobseekers using Kalibrr. After that, we will be able to add more features to the site. Thanks to the seed fund, we were able to grow the team with just me and Dexter to about 32 people, handling front- and back-end, content, and sales," Rivera said.

It's only been six months since the site went online, and it has already provided 1,000 jobs to individuals and has gained the trust of over 2,300 companies.

The web-based platform matches jobs and jobseekers based on skills.

"Kalibrr’s vision is simple—Evolution and revolution of recruitment. We want to remove the notion of job search. It’s now job match. We want to create an ideal experience for both the job seeker, and company to be able to connect and match with each other. We’re truly innovating in our space and I think we can be very proud to say that we are bringing this technology not only in Manila, but to Cebu, Davao, the entire Philippines, and soon, the rest of the world," Ligot-Gordon, co-founder, said.