What is Recomn?
Founded in 2014 and based in Malaysia, Recomn operates a platform designed to offer a convenient and secure channel for customers to hire vetted service professionals for their homes or businesses. The company aims to streamline the process of finding reliable service providers, addressing a key market need for trust and efficiency in the home services sector. This latest round of financing, characterized as a major strategic investment, suggests Recomn is poised for significant scaling and market expansion.
How much funding has Recomn raised?
Recomn has raised a total of $5M across 2 funding rounds:
Angel/Seed
$1M
Series A
$4M
Angel/Seed (2016): $1M with participation from Gobi Partners
Series A (2021): $4M led by Morning Crest Capital Management and BTFV
Key Investors in Recomn
Gobi Partners
Gobi Partners is a venture capital firm with a regional presence across China, Hong Kong, and ASEAN, focusing on early to growth-stage investments in emerging markets. Founded in 2002, they have invested in over 250 startups.
Morning Crest Capital Management
Morning Crest Capital Management Limited is a venture capital investment service provider based in Shanghai, China, investing in fields such as internet, resources, environment, consumption, and education.
What's next for Recomn?
The substantial enterprise-level funding, particularly the recent strategic investment, indicates a strong vote of confidence in Recomn's business model and future prospects. This capital infusion is expected to fuel further platform development, enhance service offerings, and potentially expand Recomn's operational footprint within Malaysia and possibly into new regional markets. The company's focus on building a trusted network of service professionals positions it for sustained growth in the burgeoning digital services economy.
See full Recomn company page
