What is Recomn?
Founded in 2014 and based in Malaysia, Recomn operates a platform designed to provide a convenient and secure channel for customers to engage recommended service professionals. The company addresses a critical market need for reliable service providers, aiming to streamline the hiring process for both residential and commercial clients. Recomn's strategic positioning in the Malaysian market leverages local insights to build a trusted network of service professionals.
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 BTFV and Morning Crest Capital Management
Key Investors in Recomn
Morning Crest Capital Management
Morning Crest Capital Management Limited is a venture capital firm that invests in various sectors including internet, resources, environment, consumption, and education. The company is headquartered in Shanghai, China.
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 and underserved markets. Founded in 2002, they have invested in over 250 startups.
BTFV
Undisclosed investor participating in the funding round.
What's next for Recomn?
With the recent major strategic investment and substantial total funding, Recomn is poised for accelerated expansion and service enhancement. The company's focus is likely to be on scaling its operations across Malaysia, refining its platform technology, and potentially broadening its service categories. This enterprise-level backing suggests a strategic push towards solidifying its market leadership and exploring new avenues for growth within the home and business services sector.
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