The Business Times
SINGAPORE-BASED Quest Ventures has led a US$750,000 Series A investment round into Clockster, a Kazakhstan human resources (HR) tech startup, the venture capital (VC) firm announced on Wednesday.
The round was joined by HR&ED-tech accelerator, a Russian accelerator that aims to build scalable HR tech ventures in Central Asia and Europe. Clockster’s other early investors are the ABC-I2BF Seed Fund and angel investor Olzhas Zhiyenkulov.
The startup specialises in HR tools designed for micro, small and medium-sized enterprises (MSMEs), which can automate payroll and time sheets, manage staff scheduling and facilitate communication between employees and their employers, independent of time zones.
Clockster says that it has more than 160 clients, of whom 85 per cent are located in Kazakhstan. It is stepping up client acquisitions from Russia, Ukraine, Uzbekistan, the Philippines, India and Singapore.