Krenovator secures seed funding to expand Southeast Asia tech hub

Krenovator has secured seed funding to advance the expansion of its AI-powered technology talent platform in Southeast Asia.

The Malaysia-based firm announced it has closed a seed round backed by Ignite Asia, a venture capital and private equity principals firm operating in Singapore and Malaysia. The specific amount of funding has not been disclosed, but the round was closed in early 2025.

Founded in 2019, Krenovator connects enterprises with IT professionals across industries including oil and gas, logistics, manufacturing, finance, banking, and telecommunications. The company's current client base extends beyond Malaysia to the Middle East and Europe.

Krenovator's platform is designed to source and cultivate top-tier technology talent, leveraging a proprietary AI-driven strategy. The company reports access to a pool of nearly 30,000 professionals such as software developers, testers, business analysts, and data scientists, with a particular focus on Malaysia and Indonesia.

This approach enables Krenovator to efficiently identify and recommend candidates for key client projects and has served as a differentiating factor among businesses seeking highly skilled tech specialists.

The platform not only acts as a sourcing engine but also functions as a community hub. It offers users career development tools, facilitates professional networking, and aims to foster a strong ecosystem supporting tech talent in the region.

Mahadhir Yunus, Chief Executive Officer of Krenovator, said, "This seed funding from Ignite Asia is a powerful validation of Krenovator's unique approach to solving issues of tech talent crunch. Our AI-powered tech talent platform gives us an unparalleled advantage in sourcing top-tier tech talent in Southeast Asia."

"This, combined with our deep understanding of enterprise IT needs, allows us to deliver exceptional value to our clients. This investment will fuel our platform's growth, expand our team, and market footprints."

Jake Thui, Vice President of Investments at Ignite Asia, said, "We are impressed by Krenovator's innovative approach to the tech talent landscape. Their AI-powered platform and strategic focus on sourcing top talent to support enterprise IT needs create a compelling value proposition. We believe Krenovator is well-positioned for significant growth in the region, and we are excited to be a part of their journey."

Krenovator's core operations involve the strategic identification and cultivation of the top five percent of technology talent in Southeast Asia to underpin enterprise-level IT projects.

The company states that, over the last two years, it has nearly doubled its roster of professional talent in Malaysia and Indonesia to almost 30,000 individuals.

During this period, Krenovator reports it has also doubled its number of enterprise clients, including several public-listed and Fortune 500 firms, and achieved a client satisfaction rate of 98 percent. The company notes that the addition of major international clients highlights the strategic importance of the seed funding round to further its growth and improve service capacity.

The newly acquired funding will be allocated to support team expansion, and to strengthen marketing and sales initiatives as Krenovator seeks to extend its reach within and outside Southeast Asia.

Mahadhir Yunus said, "Looking ahead, we have ambitious goals for the next 12-18 months, aiming to triple our revenue and double our clientele."

"We also plan to introduce new service offerings, including enhanced IT services and potentially Software Tester as a Service, all leveraging our core strength in tech talent sourcing to cater to enterprise digital transformation needs."