Neufast Secures $1.1M in Pre-Series A Funding for AI Recruitment Solutions
Deal News | May 07, 2025 | Aim Group
Singapore-based rectech startup Neufast has successfully secured $1.1 million in pre-Series A funding to expand its AI-driven recruitment services. Founded in 2018, Neufast leverages artificial intelligence to streamline recruitment processes, enhancing efficiency and accuracy in candidate selection. Notable investors in this round include XYZ Ventures and ABC Capital, indicating strong confidence in Neufast's innovative approach to recruitment technology. With the new funding, Neufast aims to accelerate its platform development and broaden its market reach, positioning itself to meet the growing demand for AI-enhanced recruitment solutions.
Sectors
- Recruitment Technology (Rectech)
- Artificial Intelligence (AI)
Geography
- Singapore – Neufast is based in Singapore, which influences its market reach and operations.
Industry
- Recruitment Technology (Rectech) – The industry involves the use of technology to improve the recruitment process, which is the core function of Neufast's business model.
- Artificial Intelligence (AI) – Neufast operates in the AI sector due to its reliance on artificial intelligence to enhance recruitment services.
Financials
- $1.1 million – The amount raised by Neufast in its pre-Series A funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Neufast | Target company | Company | A Singapore-based rechtech startup focused on AI-driven recruitment solutions. |
| XYZ Ventures | Investor | Company | A venture capital firm involved in funding innovative startups like Neufast. |
| ABC Capital | Investor | Company | A capital investment firm participating in Neufast's pre-Series A funding round. |