Spiral Capital

Spiral Capital LLP is a venture capital firm based in Tokyo, Japan, focused on investing in startups across various stages, including seed, early, mid, and late-stage ventures. Established in 2015, the firm specializes in sectors such as healthcare, industrials, transportation, air freight, logistics, and emerging technologies like artificial intelligence, the Internet of Things, and blockchain. Spiral Capital primarily targets investment opportunities in East Asia and Japan. The firm was previously known as Spiral Ventures Japan LLP and has evolved to adapt its strategies, aligning its investments with the dynamic landscape of technology and innovation in the region.

Ryusuke Hirota

Partner

106 past transactions

ROMS

Venture Round in 2022
ROMS, Inc. designs and develops an Internet based platform for retail and supply chain stores. The company uses artificial intelligence and robotics for its platform. The company was founded in 2019 and is based in Tokyo, Japan with additional offices in Krakow, Poland.

Lal10

Seed Round in 2022
Lal10 is a B2B platform that connects rural SMEs to global buyers. They make transactions happen between 1800+ rural SMEs through mobile CRMs and retail buyers across 18 countries. They are Faire.com of Asia with a market potential of $9bn. Today they have 400+ retailers like Zara, Toast, New Looks, Pepperfry, Myntra, Ajio, FabIndia, Anita Dongre, Tata Taniera etc. The retention of buyers is more than 85%. Founders are ex Flipkart, DCE, IIT Madras, and NITIE graduates. They have raised $1.8mn from prominent angels like Amit Ranjan, Pravin Gandhi, Mekin Maheshwari, ex ITC CEO, Beyond Capital, Angellist and Sorenson fund in seed rounds. They were part of the Forbes 30 Under 30 Asia and India list.

Omnistream

Series A in 2022
Omnistream operates as a software development company. They develops a software that collects data from multiple sources to determine shopping habits and trends. OmniStream serves customers in Singapore. Omnistream empowers frontline staff, the face of your brand, to drive revenue by effectively communicating 1-to-1 with customers on mobile channels. The company's platform synchronizes offline retail, e-commerce and human capital by fusing engineering, design and human behavior, enabling businesses to make better marketing and operational decisions.

al+

Series H in 2022
al+ is a Personal Artificial Intelligence which reconstructs individual personalities on the cloud by analyzing life log data of individuals and their groups. Based on the analysis of individual personalities, unproductive parts of labour will be automated and alt’s operating efficiency will be maximized. al+ users can focus on more productive, creative and sophisticated work. Using this methodology, we sincerely hope to contribute to the solution of different kinds of social problems.

Aculys Pharma

Series B in 2022
Accuris Pharma is a pharmaceutical company that aims to develop innovative and superior medical methods and deliver them to patients.

Nudge

Seed Round in 2021
Provider of financial planning platform designed to create a financial institution with new values and behaviors from scratch. The company's platform has been strengthening its team, developing the first service, and preparing for the necessary financial license acquisition, enabling users to secure their future financially.

Dagangan

Series A in 2021
Dagangan is an online demand aggregation platform that focuses on connecting rural entrepreneurs with consumers. By providing an ordering system and delivery service, it aims to digitize businesses in rural areas, offering access to essential products and services. The platform utilizes a hub-and-spoke distribution model, allowing rural consumers to purchase daily necessities at affordable prices from a network of local producers. This approach not only facilitates the sale of local products but also addresses production and accessibility challenges, ensuring households can receive their needs with greater ease and reduced costs. Established in Singapore, Dagangan emphasizes the importance of community and leverages social networks to enhance the reach and efficiency of local businesses.

Luup

Series B in 2021
Luup, Inc. is a Tokyo-based company that specializes in electric micro-mobility sharing services, primarily through its application. Founded in 2018, Luup enables users to rent and return electric kickboards, scooters, and small automatic assist bicycles, enhancing urban transportation options. The platform allows customers to conveniently pick up vehicles from designated locations and drop them off at their desired destinations, facilitating a seamless travel experience. Luup's services extend beyond two-wheelers to include four-wheelers and senior-friendly transportation, aiming to provide a comfortable and enjoyable mobility solution for various users in Japan.

Dagangan

Seed Round in 2021
Dagangan is an online demand aggregation platform that focuses on connecting rural entrepreneurs with consumers. By providing an ordering system and delivery service, it aims to digitize businesses in rural areas, offering access to essential products and services. The platform utilizes a hub-and-spoke distribution model, allowing rural consumers to purchase daily necessities at affordable prices from a network of local producers. This approach not only facilitates the sale of local products but also addresses production and accessibility challenges, ensuring households can receive their needs with greater ease and reduced costs. Established in Singapore, Dagangan emphasizes the importance of community and leverages social networks to enhance the reach and efficiency of local businesses.

Aeronext

Venture Round in 2021
Aeronext Inc. is a Japanese startup focused on the research and development of drone technology. The company specializes in center of gravity control technology, which aims to improve the fundamental performance of drones. In addition to its technological innovations, Aeronext is involved in sales and promotional activities to support its products in the market. Through its advancements in drone capabilities, Aeronext seeks to enhance the overall functionality and effectiveness of aerial vehicles.

Luup

Venture Round in 2021
Luup, Inc. is a Tokyo-based company that specializes in electric micro-mobility sharing services, primarily through its application. Founded in 2018, Luup enables users to rent and return electric kickboards, scooters, and small automatic assist bicycles, enhancing urban transportation options. The platform allows customers to conveniently pick up vehicles from designated locations and drop them off at their desired destinations, facilitating a seamless travel experience. Luup's services extend beyond two-wheelers to include four-wheelers and senior-friendly transportation, aiming to provide a comfortable and enjoyable mobility solution for various users in Japan.

Hacobu

Venture Round in 2021
Hacobu offers an integrated solution "MOVO (MOVO)" centering on the operation management system utilizing in-vehicle terminals. Connect with carriers and shipping companies sending luggage using an easy-to-use online mechanism. To provide tools to support the management of the shipping company. Through these, it becomes a platform to accumulate distribution data of various companies, aiming at overall optimization of physical distribution system. That is, "to optimize carrying". That is Hacobu 's mission.

WED

Series A in 2021
One Financial is an application that anyone can introduce card settlement immediately with one smartphone.

Aqwire

Series A in 2020
Aqwire LLC is a technology company based in San Jose, California, founded in 2013. It specializes in providing software solutions that facilitate payment collection for property developers and real estate companies through access to global banking payment systems. Aqwire offers a range of products, including AQWIRE Billing for cross-border property management, AQWIRE Loans for mortgage application assistance, and AQWIRE Listing, a platform that generates leads and allows real estate professionals to list their properties. By utilizing Smart Contract technology, Aqwire enhances the efficiency of cross-border real estate transactions, addressing common challenges in international property dealings. The platform supports services such as property listings, mortgage loans, property management, and payment processing, enabling developers and brokers to connect with foreign property investors effectively.

Qwikwire

Series A in 2020
Qwikwire specializes in providing real estate solutions for brokers and property developers. Its services include SaaS property management solutions, SAP-integrated billing and invoicing systems, cross-border settlements via licensed remittance channels, and property listing via the blockchain-powered multi-listing engine. The company was founded in 2013 and is headquartered in Makati, Metro Manila.

unilabo

Series B in 2020
unilabo, Inc. owns and operates a business to business (B2B) ordering platform. It offers search service for suppliers. It also provides characteristics, achievements, and services of suppliers, subcontractors, and outsourcers; and information and price quotes. The company was founded in 2012 and is based in Tokyo, Japan.

OpenLogi

Series C in 2020
OpenLogi is a Tokyo based logistics platform focused on SMEs and freelancers. OpenLogi was founded back in December 2013 by Hidetsugu Ito who was previously involved in launching Japanese magazine subscription service Fujisan.co.jp. Based on his experience in discussing and negotiating with logistics companies, he founded OpenLogi to address logistics solutions for small e-commerce players.

minacolor

Venture Round in 2020
minacolor is a medical IT venture company aiming for innovation of health care lifestyle. minacolor provides health care more familiar and impressive in the field of further active in the aspiring medical personnel continue to be the growth opportunities of human resources for the next generation.

Bitkey, Inc.

Venture Round in 2020
Bitkey, Inc. develops a smart lock device with a digital key infrastructure using block chain technology, distributed systems, encryption technology. The company's product is used in home, office, and hotels. The company was founded in 2018 and is based in Chuo-ku, Japan.

Tangerine Inc.

Venture Round in 2020
Tangerine is a operate a marketing platform based on location information data using IoT sensors such as beacons, WiFi and GPS.Offers Japan's first marketing automation service for real stores, such as in-store promotions and behavior analysis based on visit history data at real stores.

PolicyStreet

Series A in 2020
PolicyStreet is an online platform that makes buying insurance simple, easy, and affordable with un-bias choices and transparency. PolicyStreet allows customers to buy insurance policies directly from its platform. It mainly targets millennials with its products, and the goal is to make the insurance industry fun and relevant for its young users.

Classplus

Series A in 2020
Classplus is a mobile first SaaS platform that enables private coaching institutes to streamline their video distribution, payments, communication and online assessments through a single platform.

TVISION INSIGHTS

Venture Round in 2020
TVISION INSIGHTS is a company that measures the "viewing quality" of television. Utilizing state-of-the-art human body recognition technology developed by TVISION, it is rare in the world to acquire TV viewing status in the living room and convert it into data, and a very unique data set that does not exist is founded It has been acquired and accumulated since then. Currently, we have expanded our bases globally and have expanded to Tokyo, Boston and New York. While challenging challenges in different markets,we are continuing to grow rapidly to realize the original potential of TV.

Flare

Series A in 2020
Flare (Thailand) Co., Ltd. offers Flare Analytics, a cloud based platform that analyzes driving data and visualizes driver’s behavior. It provides Flare Dash, a cloud based professional driver’s management platform; and FlareAD, a car-wrap advertising matching platform. The company was founded in 2017 and is based in Bangkok, Thailand.

RUN.EDGE

Series A in 2020
RUN.EDGE Inc. is a Tokyo-based company established in 2018 that specializes in software-as-a-service (SaaS) solutions for the sports sector. The company focuses on image search and data analysis services, particularly in baseball and soccer. Its technology allows for detailed analysis of pitching and hitting data in baseball, as well as field data in soccer matches. RUN.EDGE has developed a user-friendly, high-speed scene playback technology that enhances the efficiency of video data editing and analysis. This innovation fosters better collaboration among analysts and improves communication within sports teams. RUN.EDGE operates as a subsidiary of Fujitsu Limited.

minma

Venture Round in 2020
minma, Inc. specializes in the development and operation of online market press. It was founded on January 2011 and is based in Tokyo, Japan.

POL

Series A in 2019
POL is creating a platform that maximizes the possibilities of researchers. It is a laboratory that is a place where innovative science and technology are created that greatly advances society. Its first project "LabBase" would like to create a society that can solve problems in job hunting for science-based human resources, issues of companies wanting to adopt them, issues faced by laboratories, and so that science-based human resources can be used more effectively.

Truebil

Venture Round in 2019
After working for a year, one of us decided to buy himself a stylish car. But with a budget of 3-4 lakhs it was not possible to get a sedan. So he started exploring this used car market and realized that these deals are actually value for money. But the entire process of shortlist, inspection, test drive and legal proceedings was way too much for a busy young professional. The lack of a one-stop solution for used cars motivated us to take this leap and build one ourselves

Gracia Inc.

Series B in 2019
Gracia Inc. owns and operates tanp, a gift platform. The platform provides gift for birthday, anniversary, father’s day, white day, valentine, job celebration, and wedding celebration. Gracia Inc. was founded in 2017 and is headquartered in Shinagawa, Japan.

UangTeman

Series B in 2019
UangTeman is an online lending service that provides instant short-term microcredit to Indonesian consumers. It aims to provide online financing, anywhere and anytime as an alternative to conventional lending models of banks or other finance companies. Currently, UangTeman offers unsecured loans of a maximum of 3.5 million Rupiah for a maximum of 30 days. It serves the Greater Jakarta area, Yogyakarta, Solo, Magelang, Klaten, Bandung, Surabaya, Semarang, Bali, Makassar, Palembang, Lampung, Jambi, and Balikpapan. UangTeman was founded in 2014.

Wakaze

Series A in 2019
Wakaze Inc. is a Japanese company specializing in the development and production of sake, as well as the export of sake products and providing concierge services related to sake. Founded in 2016, the company operates out of Tsuruoka, Japan, with an additional office in Tokyo. Wakaze markets its products under the brands ORBIA and FONIA, offering a range of sake including the lines SOL, LUNA, SORRA, and TERRA. The company aims to promote Japanese sake culture both domestically and internationally.

GITAI

Series A in 2019
GITAI Inc. manufactures humanoid telepresence robots for science experiments in space stations and lunar-based development. The company offers products, such as G1 a general-purpose robot that enables automation of tasks internally and externally on space stations and for lunar base development; S1 offers automation of specific tasks internally and externally on space stations and on-orbit servicing; and H1 a robot manipulation system that provides ground operations use to teleoperate (remotely control) the robot operating in space. GITAI Inc. was formerly known as MacroSpace Inc. The company was founded in 2016 and is based in Tokyo, Japan.

Snaq me

Venture Round in 2019
Snaq.me Co., Ltd. offers snack subscription and delivery services. The company was founded in 2015 and is based in Tokyo, Japan.

DIV

Venture Round in 2019
DIV operates TECH::CAMP, a programming school, a short-term intensive training course designed to turn students into engineers.

Classplus

Venture Round in 2019
Classplus is a mobile first SaaS platform that enables private coaching institutes to streamline their video distribution, payments, communication and online assessments through a single platform.

Future Standard

Series C in 2019
Future Standard Co., Ltd. is a Tokyo-based company that specializes in image processing and analytics, particularly for advertising purposes. Founded in March 2014, the firm operates a comprehensive platform that offers a range of services from image capture to data acquisition. By focusing on research and development, Future Standard aims to enhance the effectiveness of visual content in advertising through advanced image analytics solutions.

Planet Table

Series D in 2019
Planet Table Inc. is a Tokyo-based company that specializes in developing and operating an online food distribution platform. Founded in 2014, the company focuses on sustainable food production and aims to minimize waste in the food supply chain. By leveraging technology, Planet Table seeks to create a comprehensive production and distribution support platform that enhances efficiency and fosters sustainability in the food industry.

BPM Inc.

Venture Round in 2019
BPM Inc. offers building maintenance services, including construction supervision, construction management, and maintenance consulting. The company also develops a building maintenance software, equipped with construction supervision functions for building maintenance. It also operates contact centers for business inquiries for real estate management companies, store managers, construction companies, and craftsmen. The company serves the construction and real estate industry. BPM Inc. was founded in 2011 and is headquartered in Tokyo, Japan.

Hospals

Seed Round in 2018
India has some of the finest hospitals in the world with best in class equipment, healthcare and doctors. It would be right to say that India presents the best and the most affordable healthcare in the world. India is also the land where guests are considered representatives of God. Hospals represents this beautiful thought combined with the ability to facilitate the best healthcare in the world.. We are a Medical Tourism company that offers end to end Hospital services, as your Pals.

StreetAcademy

Venture Round in 2018
StreetAcademy, Inc. operates an online platform based in Tokyo, Japan, that serves as a marketplace for education. The platform connects individuals looking to teach with those eager to learn, facilitating a variety of courses and learning experiences. By providing a space for users to share their knowledge and skills, StreetAcademy fosters a collaborative learning environment that empowers both educators and students.

NURVE

Series C in 2018
NURVE is a technology that artificially creates reality by combining computer graphics and sound effects.

Technology 9 Labs (T9L)

Corporate Round in 2018
T9L has an internal team of over fifty professionals working across strategy, brand, UI/UX, mobile and web development, data sciences, testing and fund advisory. We have competent partners to help with finance and operation services. We work with several funds who evaluate our ventures on priority led by Spiral Ventures Pte., a multi-million dollar fund exclusively partnered with T9L for India.

SenSprout

Venture Round in 2018
SenSprout Inc. is a technology company based in Tokyo, Japan, that specializes in developing and selling agricultural sensors. Founded in 2015, the company’s products are designed to measure soil moisture, surface temperature, and electrical conductivity, providing farmers with critical insights for optimizing irrigation systems. By utilizing printed electronic sensors that employ wireless power feeding techniques and ink-jet printing technology, SenSprout produces cost-effective sensors that can be mass-produced and require minimal maintenance, avoiding the complications associated with battery replacement. These sensors not only enhance irrigation efficiency for large farms and high-value crops but also offer functionalities to predict natural disasters like landslides and cliff collapses. Through its internet service, SenSprout enables the collection and analysis of farming data, empowering farmers to make informed decisions and improve their yields while conserving water resources.

IDENTITY

Venture Round in 2018
IDENTITY is a company that develops digital marketing support and in house media business

Identity Inc.

Venture Round in 2018
Identity has set a mission of "Reduce mismatches in the world with IT!" And provides services as a comprehensive IT support company specializing in IT human resources (engineers and creators). We provide recruitment support for both agent services and media services, and offer a wide range of recruitment, mid-career, freelance, and overseas human resources in recruitment advertising media. From employment to retirement, we work closely with users to support career design.

ookami, inc.

Series B in 2018
Ookami, Inc. is a Tokyo-based company founded in 2014 that specializes in sporting entertainment solutions. The company has developed Player!, a social sports entertainment platform that enables users to engage with their favorite sports teams, join fan communities, and access real-time game updates. Through its innovative approach, Ookami aims to enhance the sports experience by integrating social interaction with advanced technology. Additionally, the company offers various technology solutions, focusing on financial services software, application and communication software, software as a service, and online social networking services.

NirogStreet

Seed Round in 2018
NirogStreet is trying to connect patients with Ayurvedic practitioners from all over India. NirogStreet started with the idea to bridge the growing gap of trust between patients and Ayurvedic doctors. At NirogStreet patients easily consult doctors and find right Ayurvedic therapy to improve their health. NirogStreet has received great traction with a number of patients finding a doctor growing at an exponential rate. Patients can review the doctors with whom they had a consultation and other patients can refer reviews before finalizing a doctor.

sitateru

Series B in 2018
sitateru is a tailor-controlled system of clothing production that works with clothing companies in order to facilitate clothing needs.

Docquity

Series A in 2018
Docquity Holdings PTE Limited is a Singapore-based company that has developed a mobile application designed for physicians to connect and share experiences in real time. Founded in 2013, the platform facilitates clinical discussions, continuing medical education, peer consultations, and medico-legal support in a secure environment. It provides doctors with access to real-world medical experiences and clinical cases, enabling them to engage with trusted peers while earning accredited continuing medical education credits from recognized medical institutions. By fostering a continual learning network, Docquity aims to enhance healthcare practices globally through collaboration and knowledge sharing among medical professionals.

Sorabito

Series B in 2018
SORABITO Co., Ltd. operates ALLSTOCKER, an online marketplace for used construction equipment and machinery. It sells excavators, wheel loaders, dozers, rollers, graders, finishers, cranes, forklifts, generators, welders, compressors, attachments, parts, trucks, tractors, other farm machinery, and others. The company also provides IT solutions for construction equipment rental companies. SORABITO Co., Ltd. was founded in 2014 and is based in Tokyo, Japan.

HealthMetrics

Seed Round in 2018
HealthMetrics Sdn. Bhd. develops workplace medical benefits software solutions designed to assist human resources in managing employee benefits and connecting corporations with healthcare providers in Malaysia. Established in 2015 and headquartered in Selangor, the company offers a cloud-based platform that links organizations to over 3,000 healthcare partners, enabling them to gain insights into employee health and implement targeted health promotion initiatives. The software streamlines the payment process for healthcare providers and simplifies the complexities of employee healthcare plans, allowing HR teams to become strategic leaders in employee health management. Additionally, HealthMetrics provides flexibility for HR departments to quickly implement various employee benefits, including dental and vision care, ensuring a comprehensive and cost-effective solution for businesses.

Study Plus

Venture Round in 2018
Study Plus is an educational application developed to facilitate collaborative studying.

VeXeRe.Com

Venture Round in 2018
Founded in 2013, VeXeRe.com is the largest online bus ticket platform in Vietnam. They help passengers book bus tickets conveniently thanks to their 1,000+ bus companies network and coverage for trips within Vietnam and from Vietnam to neighbor countries. Their payment channels include online payment, payment at 24/7 convenience stores, bank transfers, and other channels that provide customers with convenient booking experience.

Zoom

Seed Round in 2018
Zoom connects businesses, online e-commerce and brick & mortar retailers to on demand same day delivery specialists, ensuring fast and seamless delivery. Zoom ensures ease of use with its platform as well as acting as a trusted business partner to businesses across Malaysia.

Ambee

Seed Round in 2018
Ambee is an Environment analytics startup.

SenSprout

Seed Round in 2017
SenSprout Inc. is a technology company based in Tokyo, Japan, that specializes in developing and selling agricultural sensors. Founded in 2015, the company’s products are designed to measure soil moisture, surface temperature, and electrical conductivity, providing farmers with critical insights for optimizing irrigation systems. By utilizing printed electronic sensors that employ wireless power feeding techniques and ink-jet printing technology, SenSprout produces cost-effective sensors that can be mass-produced and require minimal maintenance, avoiding the complications associated with battery replacement. These sensors not only enhance irrigation efficiency for large farms and high-value crops but also offer functionalities to predict natural disasters like landslides and cliff collapses. Through its internet service, SenSprout enables the collection and analysis of farming data, empowering farmers to make informed decisions and improve their yields while conserving water resources.

Bertrand Co.

Venture Round in 2017
Bertrand is a company founded by Mr. VELTRA, a French person who came to Japan to study abroad at Kyoto University.

Clue

Series A in 2017
CLUE, Inc. is a technology startup based in Tokyo, Japan, that specializes in drone automation software. Founded in 2014, the company develops a range of solutions that utilize drone technology for various applications. Its primary products include DroneRoofer, which is designed for exterior roof inspections and construction surveying, and Drone Construction Management, which facilitates remote construction inspections and cloud collaboration on captured images. Additionally, CLUE offers Drone View-kun, a software focused on photography of condominiums and properties using drones. The company's innovative offerings aim to enhance efficiency and accuracy in the construction and real estate industries.

SpotDraft

Seed Round in 2017
SpotDraft simplifies end-to-end contract lifecycle from creation, to collaboration, to execution. It's intuitive and comprehensive platform automates most of the contract lifecycle, allowing legal teams more time to focus on real issues.

Lifestyle-Design

Series B in 2017
Lifestyle-Design is an internet based platform.

FABRIC TOKYO

Series C in 2017
FABRIC TOKYO is a Japanese startup provides a direct-to-consumer custom-made apparel brand. (former-company name Lifestyle Design Co., Ltd.). It enables customers to save their sizes, idea fabrics, and favorite designs, allowing them to make their original clothing later. FABRIC TOKYO was founded in 2012 by Yuichiro Mori and is based in Tokyo, Japan.

NURVE

Series B in 2017
NURVE is a technology that artificially creates reality by combining computer graphics and sound effects.

rakumo

Venture Round in 2017
rakumo Inc. develops and sells cloud-based extension tools in Tokyo, Japan. Its products include rakumo for G Suite, a cloud-type extension tool group that shares the user management, authentication, and security functions of G Suite; and rakumo for Salesforce, a cloud extension tool that includes rakumo Social Scheduler, which changes the behavior of daily schedule to change the next behavior, as well as rakumo Sync that synchronizes with Google Calendar schedule in real time. The company is also involved in the sale of information and communication equipment and software. rakumo Inc. was founded in 2004 and is headquartered in Tokyo, Japan.

OpenLogi

Series B in 2017
OpenLogi is a Tokyo based logistics platform focused on SMEs and freelancers. OpenLogi was founded back in December 2013 by Hidetsugu Ito who was previously involved in launching Japanese magazine subscription service Fujisan.co.jp. Based on his experience in discussing and negotiating with logistics companies, he founded OpenLogi to address logistics solutions for small e-commerce players.

Future Standard

Series B in 2017
Future Standard Co., Ltd. is a Tokyo-based company that specializes in image processing and analytics, particularly for advertising purposes. Founded in March 2014, the firm operates a comprehensive platform that offers a range of services from image capture to data acquisition. By focusing on research and development, Future Standard aims to enhance the effectiveness of visual content in advertising through advanced image analytics solutions.

RoomClip

Venture Round in 2017
RoomClip is a photo-sharing service where users can find inspiration for their home and life.

Z-Works

Series A in 2017
Z-Works Inc. is a technology company based in Tokyo, Japan, specializing in Internet of Things (IoT) solutions. Founded in 2015, the company offers a range of IoT devices, including various types of sensors, smart locks, and smart meters. In addition to its hardware, Z-Works provides consulting services to support proof of concept and develop sensor packages for specific applications. The company's flagship product, the Z-Works Life Engine, is a cloud-based IoT platform that enables users to collect and analyze data from devices equipped with Z-Wave technology. This platform allows for remote monitoring and control of connected devices through a smartphone interface.

Carsome

Series B in 2017
Carsome Sdn Bhd operates an online platform that connects customers with used car dealers across Malaysia and has expanded its services to Indonesia, Thailand, and Singapore. Founded in 2015 and headquartered in Petaling Jaya, the company streamlines the car-selling process by offering services that encompass inspection, valuation, bidding, payment, and logistics. This comprehensive approach allows individuals and entities to efficiently sell their vehicles directly to dealers through an online bidding portal. By facilitating each step of the transaction, Carsome aims to enhance the overall experience for customers looking to sell their cars.

Yoriso

Series C in 2017
Yoriso, formerly known as Minrebi, is a Japanese startup that connects families to funeral homes and other end-of-life service providers. It is a funeral / medical IT venture that aims to be a “company that creates a world where everyone can make their own choices by overcoming the limitations of ingenuity”. Yoriso was founded in 2009 and is headquartered in Tokyo.

SwipeRx

Series A in 2017
mClinica develops mobile platforms that strengthen the pharmaceutical supply chain, generate data, improve patient adherence to medication, and build the capacity of the pharmacy workforce. Since 2017, mClinica has connected 150,000 pharmacy professionals and 40,000 pharmacies through a single digital channel. Their users reach approximately 150 million patients each month. mClinica currently operates across Indonesia, Philippines, Vietnam, Cambodia, Thailand, Malaysia, and Singapore with capacity for expansion. Their team is composed of over 120 team members including experts in public health, data science, and pharmacy. mClinica is supported by impact investors like the Global Innovation Fund (backed by USAID, UKAID, DFAT, Swedish Government, and the Omidyar Network) and Patamar Capital (formerly Unitus Impact) as well as other investors from the US, Europe, and Asia. mClinica implements projects both digitally and on the ground to connect the world’s pharmacies and transform global health. mClinica follows a social enterprise business model in which they seek double-bottom line returns – maximizing both financial returns and social impact. mClinica’s rapid growth and success is increasingly recognized. mClinica was the recipient of the Data Driven Apps Award of the World Government Summit in 2019, USAID-FHI360 Data for Resilience Award, Pierre Fabre Foundation Prize for eHealth Innovation, and Hack Osaka. The company has consistently been recognized as one of the most innovative startups in healthcare in Asia Pacific.

Hishab

Convertible Note in 2017
Hishab a fully voice based and A.I. driven solution. It works from any phone by dialing 16513. Hishab helps keeping records of credit based transactions (e.g. shopping on dues, loan tracking to friends) between any two parties.

FABRIC TOKYO

Series B in 2017
FABRIC TOKYO is a Japanese startup provides a direct-to-consumer custom-made apparel brand. (former-company name Lifestyle Design Co., Ltd.). It enables customers to save their sizes, idea fabrics, and favorite designs, allowing them to make their original clothing later. FABRIC TOKYO was founded in 2012 by Yuichiro Mori and is based in Tokyo, Japan.

Enechange

Series A in 2017
Enechange Co., Ltd., founded in April 2015 and based in Tokyo, Japan, operates a comprehensive electricity plan comparison website that assists consumers in selecting their electricity providers. The company provides online switching services for energy and gas, facilitating a more informed decision-making process for users. In addition to its comparison platform, Enechange offers an Energy Marketing Acceleration Platform (EMAP), which supports electricity and gas retailers with marketing and customer acquisition through cloud-based solutions. The company also specializes in AI-driven technologies for energy digitalization, including profitability analysis and demand response services. By promoting energy deregulation, Enechange aims to optimize energy usage and streamline the switching process for consumers, contributing to a more competitive energy market in Japan.

ookami, inc.

Series A in 2017
Ookami, Inc. is a Tokyo-based company founded in 2014 that specializes in sporting entertainment solutions. The company has developed Player!, a social sports entertainment platform that enables users to engage with their favorite sports teams, join fan communities, and access real-time game updates. Through its innovative approach, Ookami aims to enhance the sports experience by integrating social interaction with advanced technology. Additionally, the company offers various technology solutions, focusing on financial services software, application and communication software, software as a service, and online social networking services.

Candee

Series A in 2016
Candee Inc. offers online video production, talent management, and advertising services. The company was founded in 2015 and is based in Tokyo, Japan.

Yoriso

Venture Round in 2016
Yoriso, formerly known as Minrebi, is a Japanese startup that connects families to funeral homes and other end-of-life service providers. It is a funeral / medical IT venture that aims to be a “company that creates a world where everyone can make their own choices by overcoming the limitations of ingenuity”. Yoriso was founded in 2009 and is headquartered in Tokyo.

First Circle

Seed Round in 2016
First Circle is a financial services company based in Taguig, Philippines, founded in 2015. It specializes in consumer lending, mortgages, and asset-based lending, primarily targeting small and medium-sized enterprises (SMEs) in Southeast Asia. First Circle aims to enhance opportunities for business owners by providing the necessary funding and support for growth. The company utilizes advanced technology and data analytics to streamline the lending process, offering a simple online account for its clients. Additionally, First Circle fosters a community of business owners, providing access to valuable resources and dedicated customer support to help SMEs thrive in a competitive market.

Kudo

Series B in 2016
KuDo Technology Indonesia, LLC develops a technology platform that bridges offline and online e-commerce and payment markets in Indonesia. It installs and operates kiosks at malls, universities, office buildings, and convenience stores for enabling customers to shop online for game vouchers, discount vouchers, cellphone balances, and others without having to use credit cards. The company was founded in 2014 and is based in Tangerang, Indonesia. As of July 24, 2017, Kudo Technology Indonesia, LLC was acquired by GP Network Asia Pte. Ltd.

ORORI

Series A in 2016
PT. Orori Indonesia operates a jewelry e-commerce platform that specializes in gold, diamonds, and various other jewelry items. Founded in 2004 and based in Jakarta Pusat, Indonesia, the company also provides customers with the option to invest in gold bars. ORORI emphasizes transparency by displaying detailed information about its products, including original dimensions, ensuring that customers receive exactly what they see online. The platform aims to simplify the jewelry shopping experience, making it accessible and convenient for individuals with busy lifestyles.

Coda Payments

Series A in 2016
Coda Payments Pte Ltd. is a Singapore-based company that provides mobile payment solutions for online digital content and services, primarily targeting emerging markets. Established in 2011, Coda enables digital content providers to monetize their offerings through a variety of payment channels. The company is known for its integration with popular gaming titles such as PUBG Mobile and Call of Duty: Mobile, as well as streaming services like beIN and Bigo Live. Users can make payments through its platform Codapay, which offers direct carrier billing and access to a wide network of alternative payment options. Additionally, Coda operates Codashop, a platform frequented by over 11 million users monthly for topping up games and services. The company collaborates with various e-commerce, telecommunications, and super app partners to enhance access to premium digital content. Coda Payments serves clients across numerous countries, including Indonesia, India, Brazil, and Egypt, and maintains a presence in Singapore, Jakarta, and Bangkok.

OpenLogi

Venture Round in 2016
OpenLogi is a Tokyo based logistics platform focused on SMEs and freelancers. OpenLogi was founded back in December 2013 by Hidetsugu Ito who was previously involved in launching Japanese magazine subscription service Fujisan.co.jp. Based on his experience in discussing and negotiating with logistics companies, he founded OpenLogi to address logistics solutions for small e-commerce players.

Hishab

Seed Round in 2016
Hishab a fully voice based and A.I. driven solution. It works from any phone by dialing 16513. Hishab helps keeping records of credit based transactions (e.g. shopping on dues, loan tracking to friends) between any two parties.

BizReach

Series A in 2016
Launch pad for a wide array of HR Tech services, which has focused on revolutionizing the world’s second largest Japanese HR services industry thru technology enabled business models. BizReach: Japan's premier online career networking service, which has transformed the Japanese business community in allowing career-driven executives to freely share and directly connect with talent-seeking employers and recruiters.Often referred to as the “LinkedIn of Japan” in the HR industry, the service has allowed over half a million executives to explore their career options by sharing their resume information in a closed online database shared amongst only employers and recruiters. The service has disrupted the executive search (recruitment) market by becoming a cloud-based talent sourcing platform for employers to recruit and hire business executives directly. CareerTrek: The service was built on the needs of BizReach clients (employers) wanting to recruit and hire “young” professionals (20s and early 30s) more efficiently thru direct sourcing methods. Hence, the service is branded and targeted to become an online career networking service connecting young professional jobseekers and employers. Together with BizReach, the 2 cloud-based talent sourcing platforms deliver similar results to what Linkedin delivers to enterprise clients outside of Japan. An added feature of CareerTrek due to its focus on a younger audience is its recommendation engine, which supports jobseekers in not only proactively finding jobs that they think fit them, but being introduced to positions that other similar users find interesting. Stanby: Stanby is a job search engine, which aggregates job postings from hundreds of third-party job sites. This “Google for Jobs” service enables jobseekers to search from over 4 million jobs posted online from all over the country in just one search. Stanby ATS is a service provided to employers, and is a cloud-based applicant tracking system for employers, and is free to use. Employers can create job postings, source applicants and track applicants, together functioning as a central platform for all recruitment efforts. Stanby thrives to bring every job opening to the online world, and become the largest original source of hiring information.

PawnHero

Seed Round in 2016
PawnHero – the 1st online pawnshop in Southeast Asia, will solve this problem of expensive credit and interest rates. We provide an easy, fair and convenient way of overcoming short-term cash needs. This is a completely new way of doing business in the industry, truly revolutionary, created by genuine visionaries.

AsmaraKu

Seed Round in 2016
AsmaraKu.com really understand your goals as suppliers (suppliers). As a pioneer of unique E-commerce market in Indonesia, They can provide a great opportunity for you to use the services of online sales and distribution facilities to reach Their customers the most appropriate for you.

Fabelio

Series A in 2016
Fabelio is a design-centric e-tailer operating in Indonesia and soon in entire South East Asia. They partner with the best designers in Indonesia to create original designs and they work closely with the best factories to manufacture good-quality products at attractive prices. At fabelio they focus on furnishing happiness.

Ayannah

Series A in 2015
Ayannah is a leading provider of digital financial services to the world's emerging middle class, most of whom are migrants or unbanked coming from the base of the pyramid. For unbanked residents in emerging markets, they provide affordable and accessible digital commerce and payment services to spur financial inclusion and literacy, and give access to products and services that improve quality of life. For unbanked migrants, they provide greater control over their hard-earned remittances by helping them find better ways to support their beneficiaries in their home countries. They have built and operate a stack of innovative digital financial services from payments, commerce and analytics on the social and mobile web. They have enabled millions of online and mobile transactions. They have a great team of seasoned veterans and young innovators in web and mobile application development. More importantly, they have a growing and loyal customer base around the world providing us with recurring and quality revenue streams.

Crowd Cast

Series B in 2015
Crowd Cast, Ltd. is a Tokyo-based fintech startup established in 2011 that specializes in developing smart cards aimed at corporate clients. The company offers the Staple Card, a prepaid corporate card designed to eliminate the need for expense reimbursement processes for employees. This innovative solution simplifies the payment process between businesses and their staff, enabling small and medium-sized enterprises (SMEs) to manage spending more effectively. The Staple Card, a general purpose reloadable VISA-branded card, addresses a gap in the Japanese market by providing an alternative to traditional corporate credit cards, which often require challenging credit assessments. By facilitating cashless transactions and reducing reliance on paper and Excel-based expense reports, Crowd Cast aims to enhance operational efficiency for SMEs while also minimizing bank transfer fees and providing real-time cash flow visibility.

Kata.ai

Seed Round in 2015
Kata.ai is an Indonesian Conversational Artificial Intelligence company with a focus on enhancing the understanding of human conversations, improving the way humans collaborate with machines. Kata.ai’s Natural Language Processing (NLP) technology powers intelligent chatbots (virtual customer service / virtual friend) for major corporations in Indonesia across a different kind of industries such as Unilever (FMCG) and Telkomsel (Telco). The company’s proprietary Kata Bot Platform can be leveraged to create engaging chatbots on top of Kata.ai’s robust and scalable AI technology platform, ensuring company of any size can easily build their own chatbot on any messaging platform. Established in 2015, the company has become a trusted partner for major corporations such as Microsoft, Accenture, and Line. In 2017, the company also received Series-A funding led by Trans-Pacific Technology Fund.

Easyship

Seed Round in 2015
Easyship is a technology company that provides eCommerce sellers with a one-stop solution to ship their orders worldwide. It allows eCommerce merchants and marketplaces to integrate a seamless shipping gateway to their shopping cart. Easyship integrates with more than 100 different shipping services including major couriers such as DHL, FedEx, USPS and UPS, at prices discounted up to 70%. For each order, Easyship compares all shipping couriers and gives transparency to the buyer on delivery time and shipping costs. Easyship guarantees taxes & duties for shipments based on the type of item and its customs value - making sure that eCommerce sellers never experience unexpected costs or delays while shipping worldwide. Because all of this is integrated within a single, efficient, free software, sellers only need their Easyship account to sync their stores and streamline their logistics from checkout to delivery. Easyship also provides e-fulfillment services to eCommerce sellers that are willing to have their products stored, packed, and shipped from one of Easyship’s warehouses.

Fabelio

Seed Round in 2015
Fabelio is a design-centric e-tailer operating in Indonesia and soon in entire South East Asia. They partner with the best designers in Indonesia to create original designs and they work closely with the best factories to manufacture good-quality products at attractive prices. At fabelio they focus on furnishing happiness.

Zawatt

Series B in 2015
Zawatt develops C2C marketplaces. WishScope is a social bulletin board with classified ads to trade second hands, exchange skills, recruit friends, and more. SMAOKU is a cross border C2C marketplace with flash auction. Zawatt was co-founded by Nobuaki Suzuki, Tatsuya Yamamoto, and Daisaku Harada in 2011 and is based in Tokyo, Japan. Acquired by Mercari, Japanese unicorn C2C marketplace in Feb 2017.

Kudo

Series A in 2015
KuDo Technology Indonesia, LLC develops a technology platform that bridges offline and online e-commerce and payment markets in Indonesia. It installs and operates kiosks at malls, universities, office buildings, and convenience stores for enabling customers to shop online for game vouchers, discount vouchers, cellphone balances, and others without having to use credit cards. The company was founded in 2014 and is based in Tangerang, Indonesia. As of July 24, 2017, Kudo Technology Indonesia, LLC was acquired by GP Network Asia Pte. Ltd.

Pricebook

Series B in 2015
Pricebook Co., Ltd., a company offering shopping search engine for gadgets in Indonesia and SEA. The company aims to "adapt proven know-hows to the huge & fast growing market, offering a No.1 platform for online shoppers".

Mikawaya21

Venture Round in 2015
Mikawaya21 Co., Ltd., established on August 10, 2012, in Tokyo, Japan, specializes in developing IoT devices aimed at enhancing the lives of elderly individuals. The company offers a range of services, including the MAGO button, which provides essential support for seniors. Additionally, Mikawaya21 delivers food parcels to elderly households in rural areas using drones, ensuring that those in sparsely populated regions receive necessary supplies. The company is committed to creating a society where seniors can live with peace of mind, offering affordable services such as house cleaning, general home assistance, and furniture moving to further support the elderly population.

SwipeRx

Seed Round in 2014
mClinica develops mobile platforms that strengthen the pharmaceutical supply chain, generate data, improve patient adherence to medication, and build the capacity of the pharmacy workforce. Since 2017, mClinica has connected 150,000 pharmacy professionals and 40,000 pharmacies through a single digital channel. Their users reach approximately 150 million patients each month. mClinica currently operates across Indonesia, Philippines, Vietnam, Cambodia, Thailand, Malaysia, and Singapore with capacity for expansion. Their team is composed of over 120 team members including experts in public health, data science, and pharmacy. mClinica is supported by impact investors like the Global Innovation Fund (backed by USAID, UKAID, DFAT, Swedish Government, and the Omidyar Network) and Patamar Capital (formerly Unitus Impact) as well as other investors from the US, Europe, and Asia. mClinica implements projects both digitally and on the ground to connect the world’s pharmacies and transform global health. mClinica follows a social enterprise business model in which they seek double-bottom line returns – maximizing both financial returns and social impact. mClinica’s rapid growth and success is increasingly recognized. mClinica was the recipient of the Data Driven Apps Award of the World Government Summit in 2019, USAID-FHI360 Data for Resilience Award, Pierre Fabre Foundation Prize for eHealth Innovation, and Hack Osaka. The company has consistently been recognized as one of the most innovative startups in healthcare in Asia Pacific.

Quan

Series A in 2014
Quan Inc. develops content for smartphone applications and web. The company develops characters contents such as Betakkuma, Sugar Cubs, Business Fish, Piyomaru, sticker shop for au Smartpass, Mr.Egg, Elice, Kawaii Kaomoji Book, handwritten stickers, AIS MystickerShop and game contents that includes emotipon. The company offers characters for mobile carriers, chatting applications and platforms of Japan and Southeast Asian nations. Quan Inc. was founded in 2011 and is based in Tokyo, Japan.

Ayannah

Seed Round in 2014
Ayannah is a leading provider of digital financial services to the world's emerging middle class, most of whom are migrants or unbanked coming from the base of the pyramid. For unbanked residents in emerging markets, they provide affordable and accessible digital commerce and payment services to spur financial inclusion and literacy, and give access to products and services that improve quality of life. For unbanked migrants, they provide greater control over their hard-earned remittances by helping them find better ways to support their beneficiaries in their home countries. They have built and operate a stack of innovative digital financial services from payments, commerce and analytics on the social and mobile web. They have enabled millions of online and mobile transactions. They have a great team of seasoned veterans and young innovators in web and mobile application development. More importantly, they have a growing and loyal customer base around the world providing us with recurring and quality revenue streams.

Crowd Cast

Series A in 2014
Crowd Cast, Ltd. is a Tokyo-based fintech startup established in 2011 that specializes in developing smart cards aimed at corporate clients. The company offers the Staple Card, a prepaid corporate card designed to eliminate the need for expense reimbursement processes for employees. This innovative solution simplifies the payment process between businesses and their staff, enabling small and medium-sized enterprises (SMEs) to manage spending more effectively. The Staple Card, a general purpose reloadable VISA-branded card, addresses a gap in the Japanese market by providing an alternative to traditional corporate credit cards, which often require challenging credit assessments. By facilitating cashless transactions and reducing reliance on paper and Excel-based expense reports, Crowd Cast aims to enhance operational efficiency for SMEs while also minimizing bank transfer fees and providing real-time cash flow visibility.