Her Capital Announces Investment in Neufast
Singapore, February 25, 2021: Her Capital has announced its first investment in Neufast, a Hong Kong-based developer of a cutting-edge, artificial intelligence video interviewing enterprise solution. Neufast’s solutions enable HR managers to screen and select the right hires from thousands of candidates, reducing time-to-hire, eliminating unconscious bias, and scientifically evaluating job fit.
Backed by a strong team with deep expertise across artificial intelligence, data science, human
resources, psychology, and business, Neufast believes it is well-placed to serve international new companies that require multilingualism. Its enterprise solution is unique because it is able to assess candidates in multiple languages in a single video interview, while its B2C solution, NeuCareers, helps job seekers understand their own personalities and job fit, and succeed in the job market in a video-based virtual interview process.
Neufast’s current serves Crystal Group (HK.2232), Landbridge Ship Management (HK) Limited, Hong Kong Polytechnic University, and Hong Kong Jockey Club, amongst others, and counts McDonald’s Hong Kong, Hong Kong Science and Technology Parks and GetLinks/ CPJobs as Go-to-Market partners. Neufast plans to utilise proceeds from this round to expand its product suite and expand into Greater China and Southeast Asia.
Agnes Wun, CEO and Co-founder of Neufast, stated, “We are thrilled to have Her Capital behind us. As a Singapore-based fund, Her Capital understands the tremendous opportunity for the multilingual and multicultural Southeast Asia job market in Industry 4.0 and Digital Economy, as well as the importance of addressing biases in talent assessment. Her Capital will constitute a more balanced board benefitting our team, clients and business partners. We look forward to working with Her Capital with their guidance and commitment to Neufast.”
Gail Wong, Managing Partner of Her Capital stated, “With their commitment to innovation and nimble team, Neufast is well-positioned to capitalise on the explosive growth in today’s digital hiring norm. As an investor of female-founded, scalable businesses, we are excited by the company’s potential in assessing the culturally-diverse, and expanding talent pool of Southeast Asia, and look forward to partnering Neufast in this phase of growth.”
Her Capital joins SOSV Chinaccelerator, AsiaPay Capital and Artesian Venture Partners as investors in the current funding round.
Neufast is an award-winning HR Tech company. Their technology is rooted in the research of
Industrial and Organisational psychology and AI computing and built upon their strong commitment in quality. This is complemented by their HR professional and experienced team members coming from major industries to support recruiters for talent assessment.
About Her Capital
Her Capital is a female-led seed fund in Singapore investing in female-founded, scalable businesses operating in Southeast Asia. We are on a mission to seek out female founders in the region, addressing the 3% of global venture funding that currently goes to female-led companies, and capture the potential for superior returns. We are driven to harness capital to create a more inclusive world.
Her Capital Invests in Neufast