Innovators in Japan: Weekly Digest 8/13/2018
Crossing the Chasm: Funding Asian Successes
With 60+ team members across 8 countries, and several funds under management, Fenox Venture Capital is certainly no slouch when it comes to investing and nurturing successful startups globally. If you are looking for somebody who understands investment and growth strategy in Asia, Fenox may especially be the first door you knock on, having successfully funded and exited several companies in Japan, and other Southeastern Asian nations.
The founder of Fenox Venture Capital, Anis Uzzaman has found a very specific and growing niche, owing to his student days in Tokyo. The Japanese-English bilingual, Tokyo Institute of Technology grad is our focus of this week’s Weekly Digest feature.
AI Inside, paper-based task automation startup, raised ¥530m (~$4.8m) from Tokyo University Edge Capital, Japan Post Capital, and Mitsubishi UFJ. Its handwriting recognition rate is measured at 99.91%.
bellFace, an inside sales systems provider, raised ¥500m (~$4.5m) from Globis Capital Partners, SMBC Venture Capital, YJ Capital, and Canal Ventures to develop additional integrations to CRM and other services.
BizteX, a cloud robotic process automation startup, raised ¥400m (~$3.4m) in in series A funding led by World Innovation Lab, with participation from Genesia Ventures.
CasterBiz, a remote worker classifieds and agency, announced their acquisition of social media-based recruiting service bosyu for an undisclosed amount.
POLYGLOTS, provider of eponymous language learning app, raised ¥65m (~$580k) from Kyushu University-based QB Capital, PE&HR, Pipedo HD, and Kyushu University-grad and founder of SYNNEX Corporation Robert Huang to strengthen their AI-based learner path optimization functionality.
Rehab for Japan, rehabilitation planning SaaS startup, raised ¥100m (~$900k) after signing up 100 partners within 6 months.
SmartDrive, a connected car and car sensor analytics / IoT company, raised ¥1.7bn (~15m) from Goldman Sachs, Innovation Network Corporation of Japan (INCJ), Monoful, and a Foxxcon / Hon Hai Group fund.
AnyPay, a mobile payment app, announced plans to develop a proprietary Secure Token Offering platform.
DEEPCORE, SoftBank’s AI-focused venture arm, opened Kernel Hongo, an incubation space focused on AI technology.
Japan Food Delivery, a corporate food delivery service, acquired bento.jp’s corporate meal delivery and subscription services. It also announced TABERU, their latest subsidiary, in order to offer acquired services.
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