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Coral Capital , a Tokyo-based venture capital firm, announced today that it has closed its third fund, Coral Capital III, raising $128 million (14 billion yen). we also allocated a significant portion of our latest fund for follow-on investment,” Riney said. LINE Ventures merges with YJ Capital, launches $271M fund.
Riiid , a South Korea-headquartered AI-powered edtech company, acquired its Japanese distribution partner Langoo to expand its Japan footprint. . The acquisition comes after the company’s latest $175 million Series D round from SoftBank’s Vision Fund 2 in May. million users downloaded the Riiid Tutor app in South Korea and Japan.
This Department of Defense-funded mission will see Astroscale's 660-pound craft refuel a satellite with the propellant hydrazine, then maneuver to a fueling depot to fill up with more fuel, and then refuel another asset. The high-altitude endeavor, undertaken by the orbital servicing enterprise Astroscale U.S.,
Japanese commerce enabler AnyMind , which helps brands and influencers’ online operations, has closed a ¥5 billion (approximately $36 million) Series D round on the back of that boost to make additional acquisitions in Japan and globally. The Series D funding, which brings its total funding to date to approximately $91.7
Japan is proposing new restrictions that would only allow banks and wire transfer services to issue stablecoins, first reported by Nikkei Asia. Japan also plans on launching a yen-based cryptocurrency in 2022. Illustration by Alex Castro / The Verge.
Japan's industry minister, Ken Saito, recently announced a substantial increase in public funding to support Kioxia and Western Digital's chip business. These two major memory manufacturing companies are planning to boost chip production in Mie and Iwate prefectures, anticipating significant growth in the memory business.
Swing , a South Korean electric scooter and micromobility startup, announced today it has raised $24 million in a Series B round to spur its growth and expansion to Japan. . The funding was led by White Star Capital, which also invested in Berlin-based Tier Mobility, and included existing backer Hashed, among others.
Salesforce Ventures has launched a bunch of vertical-specific investment funds through the years, including funds aimed at particular geographies such as Japan or Canada. It has also previously launched a dedicated AI fund , targeting startups building AI smarts on top of Salesforce.
The University of Tokyo Edge Capital Partners (UTEC) , a deep-tech investment firm, announced the first close of its fifth fund, which is expected to total 30 billion JPY (or about $275 million USD) by June 2021. UTEC is an independent firm that works closely with universities. What do we mean when we talk about deep tech?
The company has more than 20 million monthly active users combined in Japan and the United States. To create its Vaccine Alert and Map, SmartNews aggregated information from 1,741 municipalities across Japan. News discovery app SmartNews valued at $1.1B.
The company is headquartered in Japan, with operations in Malaysia, and plans to expand into Singapore, Thailand and Indonesia. million USD) in pre-Series A funding from Rakuten Ventures and Beyond Next Ventures to build a B2B logistics platform for farmers that sell to restaurants, hotels and other F&B (food and beverage) businesses.
Climate change is intensifying across the globe, and one of the most challenging cases is Japan. Japan has been something of a gem in One Concern’s market development the past few years. The investment is part of a total $100 million, multi-year deal that will plug One Concern’s platform into the Japanese market.
Japan owner Z Holdings last month, and now the two firm’s venture capital arms have also combined. The new firm also announced the launch of a 30 billion JPY (about $271 million USD) fund, which it claims makes it one of the largest corporate venture capital funds in Japan. startups into Japan.
“In this round, it was important for us to bring in strategic money — money is important, funding is important and this is our way to scale — but also, in this market, strategic partners are important. If I had to name two, it would be Japan and Germany.
Pegasus Tech Ventures , a firm that helps corporations launch startup investment funds, announced a new partnership with Japanet today. Startups will work closely with Japanet and its corporate partners, including Mitsubishi Jisho Sekkei, JLL Mall Management, and MSC Cruises Japan.
The latest round, which brings its total funding raised to $83 million, comes approximately a year after raising $14.4 The funds will also be used to acquire companies in those regions, said Seki, who did not disclose the company’s valuation. The company also could raise another funding before its IPO, Seki added.
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. Leading the round is MiddleGame Ventures and Ventura Capital, which are both existing investors in Railsbank.
million from Z Venture Capital , the corporate venture capital wholly owned by Z Holdings , which also owns the Japanese messaging app Line and internet portal Yahoo Japan. The latest funding, which brings Akros’s total amount raised to $6.1 million in funding from PeopleFund, a South Korean peer-to-peer lending platform.
iSTOX , a digital securities platform that wants to make private equity investment more accessible, has added new investors from Japan to its Series A round, bringing its total to $50 million. million in funding. Oi Yee Choo, chief commercial officer of digital securities platform iSTOX.
CADDi, a Tokyo-based B2B ordering and supply platform in the manufacturing and procurement industry, helps both procurement (demand side) and manufacturing facilities (supply side) by aggregating and rebalancing supply and demand via its automated calculation system for manufacturing costs and databases of fabrication facilities across Japan.
In this case, Barnabas Birmacher, CEO of Platform as a Service company Bitrise, shared the lessons he learned as his team attempted to enter Japan. Instead of relying solely on strategic partners, his team visited Japan before ramping up to host events and engage directly with early adopters.
Tokio Marine , a Tokyo-headquartered insurance corporation, said Tuesday it has launched its $42 million corporate venture capital (CVC) fund, dubbed Tokio Marine Future Fund, to invest in early-stage startups around the world. . billion assets under management (AUM), to drive the CVC’s investment strategy and process.
NGK Spark Plug , one of the world’s largest manufacturers of automative spark plugs, announced a new $100 million fund to invest in startups and find potential merger and acquisition deals. In recent years, the Nagoya, Japan-headquartered company has begun focusing on new technologies , like solid-state electric vehicle batteries.
Ushahidi, an open source project originally deployed in Kenya to report post-election violence has since been downloaded and deployed for many other events and disasters, including Haiti, Chile, and Japan. Philanthropy has been able to move into the real time web, too. Another great example is Epic Change. We can’t only invest in a product.
The round brings the outfit’s total funding to date to $13.7 China and Japan and intends to enter the U.S. funding for its AI-powered customer video review tool by Kate Park originally published on TechCrunch The startup just raised $8.1 million (10.5 million and it will be used to continue developing its video platform.
Einride counts EQT Ventures and NordicNinja VC, a fund backed by Panasonic, Honda, Omron and the Japan Bank for International Cooperation, among its investors. Autonomous trucking startup Einride eyes US market with $25 million in new funding.
One of the big leaders in buying up and scaling third-party merchants selling on Amazon and other marketplace platforms is announcing a major round of funding today as it continues to expand its ambitions. Upper90, funds managed by Oaktree Capital Management, L.P., It said that it’s currently on a rate of buying 1.5
Japan’s Seven & i , the parent company of the Japanese 7-Eleven convenience store chain, said Thursday it is selling its supermarket store assets to Bain Capital for about $5.4 Funds from the IPO and the sale to Bain will be returned to shareholders in the form of share buybacks worth 2 trillion yen ($5.4 fund, for $1.5
BeeHero has been growing fast since its debut and seed round last year, and $19M in new funding means it can scale beyond its initial markets and find more uses for its one-of-a-kind collection of data collected from thousands of active honeybee hives. they’re currently the fourth largest).
TSMC plans to build a second chip factory in Japan, thanks in part to the countrys government considering providing it with a subsidy of up to RMB 44.1 On October 4, during the recent Increase Domestic Investment Cooperation Forum, Japans Prime Minister Fumio Kishida published a new round of economic stimulus plans. billion ($6.04
Uncovered Fund , a VC firm targeting early-stage startups in Africa, announced today that it has launched its $15 million fund which is expected to close at the end of June this year. Before Uncovered Fund, Terakubo was the CEO of Leapfrog Ventures. Terakubo doesn’t say why he left Samurai Incubate Fund. ”
Secai Marche , a farm-to-table fulfillment platform serving farmers in Japan and Southeast Asia, announced today it has raised 210 million Japanese yen (about $1.6 million USD) in Series A funding. Spiral Ventures Asia Fund I and Beyond Next Ventures. This brings the startup’s total raised so far to $4.5
On-orbit service and logistics startup Astroscale has raised a $51 million Series E funding round , bringing its total raised to date to $191 million thus far. Today’s funding was led by aSTART, and will be used to help the company continue to establish its global offices and increase the team to more than 140 people.
This round comes after a previously unannounced $5 million seed round which closed earlier this year, bringing the company’s total funding up to $17 million. Anomaly will use the funds to grow the team (the company currently has 12 employees), and scale up their business by partnering with more insurance companies and healthcare systems. .
With the recent funding, Atommerce plans to enhance artificial intelligence and machine learning technology for its platform and invest in digital therapeutics specialized in mental illness. Atommerce plans to enter Japan in the first half of 2022 and aims to penetrate North America as early as year-end. Image Credits: MiNDCAFE app.
The funding was led by Asia private equity firm TGVest Capital. “We We plan to use the new funding to double down on expanding our footprint in key markets, including Taiwan, Japan, Hong Kong, Korea and Asia,” founder and CEO Ming Chen told TechCrunch. “In In Japan alone, we added 35,000 new activities.”.
Nreal , the well-funded Chinese AR headset maker that’s been making aggressive global expansion, said Thursday that it has raised $15 million from Korean sunglasses brand Gentle Monster ’s parent company, IICOMBINED. .” Japan, South Korea, Spain, and Germany. It only debuted in China, where it’s based, in August.
This brings the health tech startup’s total funding to $45.2 Investors in the latest funding include Sogo Medical, AAIC Investment, Japan Impact Investment, Rakuten Capital, Shoko Chukin Bank, Japan Finance Corporation and Mizuho Bank. Japan’s health-tech Ubie wants to fuel its U.S million in Series C.
Olympus has announced plans to get out of the camera business entirely, selling off its imaging division to an investment fund. Japan Industrial Partners, the company that bought the VAIO computer business from Sony, has signed a memorandum of understanding that will see Olympus spin out the division and transfer all of its shares.
In Japan, where the real estate market is fragmented, homeowners have faced uncertain selling prices riddled with brokerage fees and an average selling period of between four and eight months, Ito said. When purchasing an existing house in Japan, brokerage fees usually amount to about 3% of the property price, Ito added. . and the U.K.,
Speaking before the announcement of a $110 million funding program for AI research at universities in the US and Japan, Haas emphasized the urgent need. Arm CEO Rene Haas has highlighted the unsustainable energy demand of AI technology, warning of potential severe consequences if significant breakthroughs are not achieved soon.
Part of the funding will be used to expand into other Asian countries. Most of SNKRDUNK’s transactions are within Japan now, but it plans to become a cross-border marketplace. Along SODA’s $3 million Series A last year, this brings the startup’s total funding so far to $25 million. Launched in 2018, SNKRDUNK now has 2.5
According to eMarketer , Japan and Korea’s e-commerce markets were estimated at $144 billion and $121 billion, respectively, in 2021. The company plans to raise its Series A funding in June after completing acquisitions in the first half of this year, Lee noted. . Image Credits: eMarketer (screenshot). It’s only a matter of time.
The founders wanted to address the issue in the consumer finance industry in Japan and launched SmartBank. In Japan, banks do not offer joint accounts for couples. Unlike other countries, traditional banks in Japan don’t offer joint accounts,” SmartBank CEO Horii told TechCrunch.
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