1Office receives Series A funding from Japanese corporation

1Office, a startup providing digital transformation solutions for Vietnamese businesses, has successfully raised millions of dollars in a Series A funding round from investor Mynavi, a Japanese human resources corporation. Though the value of the investment has not been disclosed, Mynavi typically outlays around $5 million in each of its investments, according to DealStreetAsia.

The new capital will be used by 1Office to focus on product development, enhancing the user experience and perfecting models connected to the digital transformation system of government agencies such as insurance, taxes, etc. In addition, 1Office aims to serve 1 million users by 2025, as well as expand its business network in both domestic and regional markets.

According to Mr. Tran Manh Hung, Mynavi’s Chief Representative in Vietnam, 1Office will be an important piece in the investment ecosystem that the corporation is building in Vietnam.

“Instead of businesses having to use software and applications sporadically, without data synchronization, which is time consuming and costly for integration between platforms, 1Office provides a full-package management solution to help businesses run smoothly and manage departments and most business processes in just one platform,” he added.

In Vietnam, Mynavi has acquired two businesses in the field of human resources and digital transformation, and is also a strategic investor in several successful startups, such as TopCV and MindX.