Omidyar Network Extends Funding To Y-Combinator Start Up, Kalibrr

MUMBAI, India - Dec. 3, 2013 - PRLog -- Press Release

OMIDYAR NETWORK EXTENDS FUNDING TO Y-COMBINATOR START UP, KALIBRR

MANILA, Philippines, MUMBAI, India, and Redwood City, Calif. (4 December 2013) – Omidyar Network today announced its investment inKalibrr, a Manila-based company that offers an online recruitment and talent management platform for fast-growing companies. Kalibrr aims to streamline the way companies discover, screen, and develop talent through a dynamic and predictive assessment that is deployed online as part of the job application process.Additional terms of the deal were not disclosed.

“Omidyar Network is pleased to make this investment in Kalibrr,” said Mallika Singh,Omidyar Network, director, investments.“Kalibrr’s singular focus on unleashing the potential of the youth and job-seeking population in the Philippines by providing access to high-quality jobs is an effective way to transform and empower individualsand entire communities.”

The investment in Kalibrr is through Omidyar Network’s Education initiative and is a reflection of the firm’s commitment to increase access to learning and employment opportunities adapted for all life stages. Across all its initiatives, Omidyar Network supports more than 40 organizations in South and Southeast Asia.

Paul Rivera, Co-Founder, Kalibrr said, “We want to revolutionize the job-search process, enabling jobseekers to demonstrate their skills, and employers to discover new talent and screen them more efficiently. We are aligned with Omidyar Network’s mission in empowering individuals to make their own lives better.”

Through its assessment and recruiting platform, Kalibrr creates a level playing field by standardizing the assessment process and delivers significant social impact by providingaccess to opportunities for young people who otherwise have limited scope for securing formal jobs. Kalibrr is the first start-up from the Philippines to be accelerated by Silicon Valley-based Y Combinator.  For more information about Kalibrr, please visit: www.kalibrr.com

ABOUT OMIDYAR NETWORK

Omidyar Network is a philanthropic investment firm dedicated to harnessing the power of markets to create opportunity for people to improve their lives. Established in 2004 by eBay founder Pierre Omidyar and his wife Pam, the organization invests in and helps scale innovative organizations to catalyze economic and social change. To date, Omidyar Network has committed more than $630 million to for-profit companies and non-profit organizations that foster economic advancement and encourage individual participation across multiple initiatives, including education, financial inclusion, government transparency, property rights, and consumer Internet and mobile. To learn more, visit www.omidyar.com.


For further information, please contact:

Rashmi Naik

Omidyar Network
Direct: +91 22 61187315
Email: rnaik@omidyar.com