Another week, another roundup. Read on to see what startups got funding in Japan last week.
Gochikuru by Star Festival
Star Festival owns and operates Gochikuru an online food delivery service. Gochikuru provides both event catering and delivery of “Bento,” or traditional Japanese lunchboxes. According to the startup, it delivers over 7,400 different products across Japan.
Star Festival raised just under US$9 million in funding last week.
Fundinno by Japan Cloud Capital
Fundinno is a crowdfunding service run by Japan Cloud Capital. Fundinno’s crowdfunding projects are for unlisted, small companies. Much like investing, people who give money to a company through the site receive equity in the company. Small companies that normally would struggle to receive investment can find funding by posting on the site. Equity crowdfunding is still relatively new in Japan, so companies like Fundinno are somewhat rare.
A group of companies and angel investors provided the company with over US$1 million in funds last Thursday, reports TechCrunch.
Polyglots is an English language learning application. The application provides users with articles and other reading material for practice. While reading, users can tap on words or sentences they don’t understand to add them to a study list. Previously users could only read articles provided by Polyglot, but their new featured called WebReader lets users use the app on any website of their choice.
The startup received US$584,000 in funding last week. In 2015, East Ventures and several private investors invested nearly US$180,000 in the company to get it off the ground. (Disclosure: East Ventures is also an investor in Tech in Asia. See our ethics statement for more info.)
Cobit by Biztex
Cobit is a robotic process automation service by Biztex. The service provides the means for AI or robots to learn and remember certain actions, so that they can be performed routinely and accurately. Cobit’s software and data management is mostly based on the cloud.
The service opened its closed beta earlier this month, and mostly features financial or stock monitoring automation.
The company received an investment of roughly US$359,000 from Genesia Ventures during its seed round last Thursday.
Converted from Japanese Yen. Rate: US$1 = JPY 111.16
See the ecosystem in action at #tiatokyo2017
Editor’s Note: These startups are featured because they have acquired funding, and are not necessarily attending Tech in Asia Tokyo 2017.
That’s all we have for you this week. But that’s not all there is going on in Japan’s startup ecosystem. Want to see it with your own eyes? Then do yourself a favor and check out Tech in Asia Tokyo 2017.
There’ll be over 150 startups at our famed Bootstrap Alley, keynote speakers from industry heads, and our Arena pitch battle where up and coming startups can make a name for themselves. Although our 20 percent discount was planned to end last Friday, we are extending the deal so you can still shave 20 percent off until midnight on July 28 using the code tiatokyo20, so act quickly if you want to get in on the action.
We’ve been bringing you cool Japanese startups lately. Check out them out here.
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