1Office receives investment from Japan
TheLEADER 1Office announced it has been profitable since 2022, with revenue increasing 60-fold since 2017, and an average annual growth rate of 100% during the 2017-2022 period.
Mr. Le Viet Thang – Founder and CEO of 1Office, confirmed the completion of a Series A funding round from Mynavi, a leading Japanese human resources corporation.
While not disclosing specific figures, Mr. Thang stated that 1Office was valued at tens of millions of USD in this funding round. Mynavi will also become a strategic investor in 1Office.
The new capital will be focused on product development, enhancing user experience, and perfecting connection models with the digital transformation systems of government agencies such as insurance and tax…
Additionally, 1Office aims to serve 1 million users by 2025, as well as expand its business network both domestically and in regional markets.
Established in 2015, 1Office specializes in providing a suite of tools to optimize business management operations, addressing 6 key areas: human resources, work, processes, sales, cash flow, and finally, corporate culture.
1Office officially launched its first commercial version in 2017 with 14,000 users. By the end of 2022, 1Office had over 4,500 corporate clients with 450,000 users, including 200,000 regular paying users, with a daily active user rate of 40%.
1Office stated that the company’s revenue has increased 60-fold since 2017, with an average annual growth rate of 100% during the 2017-2022 period. Notably, the company announced it has been profitable since 2022 amidst a challenging macroeconomic environment.
>>Read more: 1Office helps automate business processes
In fact, the Covid-19 pandemic has strongly accelerated the demand for digital transformation among businesses worldwide, and Vietnam is no exception.
“Instead of businesses having to use disparate software and applications without data synchronization, which costs a lot of time and money for integration between platforms, 1Office provides a comprehensive management solution that helps businesses operate smoothly, manage departments, and handle most business processes on a single platform,” commented Mr. Tran Manh Hung – Chief Representative of Mynavi in Vietnam.
According to Mr. Hung, 1Office will be one of the important pieces in the investment ecosystem that the Japanese corporation is building in the Vietnamese market.
Mynavi is known as one of the largest human resources corporations in Japan, with over 13,000 employees and a presence in 8 countries worldwide. Its main activities include mergers and acquisitions and investing in technology companies in the fields of human resources, education, and digital transformation.
In the investment sector, Mynavi focuses on companies with high technological capabilities, sustainable business models, and the ability to create real value for society. It also looks for founders with deep knowledge, passion, and dedication to their products, who show a strong commitment to their proposed business plans.
In Vietnam, Mynavi has acquired 2 businesses in the human resources and digital transformation sectors. Additionally, the corporation is a strategic investor in several successful startups such as TopCV, MindX… and 1Office is the next company in Vietnam to receive funding from Mynavi.
Source: Theleader.vn
