How Much Did Recomn Raise?
Funding & Key Investors

Recomn, a prominent player in the Southeast Asian service marketplace sector, has successfully secured significant capital to bolster its operational footprint. The company has reached a cumulative valuation milestone represented by $5M, with its most recent strategic injection of $4M marking a pivotal transition toward enterprise-level scaling. This latest financing round underscores investor confidence in the platform's ability to bridge the gap between service professionals and consumers in an increasingly digitized economy.

The trajectory of Recomn reflects a disciplined approach to growth, moving from its initial seed-stage backing in 2016 to a more robust Series A position. By securing this latest investment, the firm is well-positioned to solidify its market leadership and enhance its service delivery infrastructure across its core operational regions.

What is Recomn?

Recomn
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Founded in 2014 and headquartered in Malaysia, Recomn operates a sophisticated digital platform designed to streamline the hiring of service professionals for both residential and commercial needs. The company addresses a critical market inefficiency by providing a secure, vetted, and convenient ecosystem for service discovery. By leveraging technology to standardize service quality and professional accountability, Recomn has established itself as a vital utility in the regional gig economy. Its business model focuses on high-frequency service categories, ensuring that both individual homeowners and business entities can access reliable labor with minimal friction.

How much funding has Recomn raised?

Recomn has raised a total of $5M across 2 funding rounds:

2016

Angel/Seed

$1M

2021

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 prominent venture capital firm with a deep regional presence across China, Hong Kong, and ASEAN, specializing in supporting entrepreneurs from early to growth stages.

Morning Crest Capital Management

Morning Crest Capital Management is a Shanghai-based investment firm that focuses on providing venture capital across the internet, consumption, and education sectors.

BTFV

Undisclosed investor participating in the funding round.

What's next for Recomn?

With the infusion of $4M, Recomn is expected to prioritize the expansion of its service categories and the optimization of its proprietary matching algorithms. The strategic focus will likely shift toward deepening market penetration in Malaysia while exploring potential cross-border synergies within the ASEAN region. As the company matures, the emphasis will remain on scaling its operational capacity to handle higher transaction volumes, improving user retention through enhanced platform features, and maintaining the rigorous vetting standards that have defined its brand identity. This capital deployment is essential for navigating the competitive landscape of the regional service marketplace, ensuring that Recomn remains the preferred choice for professional service procurement.

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Frequently Asked Questions Regarding Recomn Financial Insights

What are the most recent funding rounds that Recomn has completed, and what were the funding rounds?
Recomn has recently completed 2 funding rounds: Series A on Oct 27, 2021, Angel/Seed on Mar 21, 2016.
What is the total amount of funding Recomn has raised to date?
Recomn has raised a total of $5M in funding to date.
How many funding rounds has Recomn completed?
Recomn has completed 2 funding rounds.
How much funding did Recomn raise in its most recent funding round?
Recomn raised $4M in its most recent funding round.
Who are the lead investors in Recomn's latest funding round?
The lead investor in Recomn's latest funding round was Morning Crest Capital Management. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Recomn's history?
The largest funding round in Recomn's history was $4M.
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