Acquisition of Shares of Grooves Inc. by PNB-INSPiRE Ethical Fund 1 Investment Business Limited Liability Partnership
PNB-INSPiRE Ethical Fund 1 Investment Business Limited Liability Partnership (“PIEF”) acquired the stock of Grooves Inc. (“grooves,” Headquarters: 5-4-27 Minami Aoyama, Minato-ku, Tokyo, CEO: Hiro Ikemi) through third-party allocation.
grooves is a HR tech start-up company who builds a technology-driven human resource circulation infrastructure under its vision of “Building a Work-shift Infrastructure to Create the Future of Working People .” The company operates “Crowd Agent,” a recruitment platform that connects recruiting companies and fee-based agencies throughout Japan, “Forkwell,” an IT engineer-first service providing support for career change based on the portfolio service for IT engineers, and “Skill Shift,” a project to promote side job accelerating regional contributions.
Since 2016, grooves has been reinforcing its capital and business alliance with regional financial institutions to a total of 16 partnerships. grooves is focusing on increasing the postings of highly rated local companies including financial institutions linked with PIEF as well as expanding the participation of fee-based job agencies
grooves has now submitted an additional application to the Tokyo Labor Bureau for offering recruitment services in South Korea and Taiwan where both have high college-graduation rates and geographical proximity. Additionally, as of 2018, Grooves Asia Sdn.Bhd. was established in Malaysia as an overseas subsidiary to build its overseas business.
This funding will enable grooves to expand its networks and develop a pool of highly-skilled foreign workers throughout Southeast Asian countries centered in Malaysia through connecting Crowd Agent, the largest domestic recruitment platform, and Forkwell, the IT engineer platform, in addition to expanding the current business. PIEF will provide grooves with its accumulated knowledge and network, and fully support further growth.
About Grooves Inc.
Headquarters: 5-4-27 Minami Aoyama, Minato-ku, Tokyo
CEO: Koji Ikemi
Foundation: March 2014
URL：https://www.grooves.com
Contact
Manabu Fujimoto
PNB Inspire Partners Corporation
+81.3.6892.1133
