HERP Secures JPY 1.9 Billion in Series C Funding to Accelerate AI-Driven Recruitment Matching and Expand Team to 300

Funding Overview

HERP, Inc. has raised a total of JPY 1.9 billion in its Series C round. The funding was executed through a third-party allotment of shares and debt financing from financial institutions, bringing the company's total cumulative funding to JPY 3.4 billion. The newly acquired capital will be allocated toward organizational expansion and strengthening recruitment efforts.

About HERP, Inc.

Operating under the mission of "Transforming Recruiting to Strengthen Japan," HERP offers a multi-product ecosystem that connects employers, recruitment agencies, and job seekers. This includes its Applicant Tracking System (ATS) "HERP Hire" and "JobMill," a job proposal platform tailored for recruitment agencies. With over 4,000 corporate clients, the company has firmly established its position as essential recruitment infrastructure.

Purpose of Funding and Future Outlook

This latest funding round is designed to drive long-term growth in the increasingly competitive HR tech sector. Moving forward, HERP will aggressively advance its "matching business" leveraging recruitment market data. Specifically, the company aims to analyze unstructured data accumulated within its ATS using AI to enhance matching precision, thereby creating an environment where companies and job seekers can focus on meaningful dialogue. Additionally, HERP plans to scale its organization significantly, growing from its current workforce of approximately 100 to a 300-person team over the next three years.