5 PropTech Startups to Watch with/after COVID-19 in Japan

PropTech JAPAN
Apr 30, 2020 · 4 min read

0. Why we wrote this
As well as the other countries, Japan is facing a tough situation with COVID-19. From April 16th, Prime Minister Shinzo Abe declared a state of emergency to all prefectures in Japan, until May 6th. Japan’s economy, as well as the real estate industry, are expected to be pummeled definitely, but there are startups that are still expected to grow during/after the COVID-19 crisis. Let us introduce five of them in this article.

1. ADDress Inc.
2. Layer X Inc.
3. Akippa Inc.
4. ITANDI. Inc.
5. BitKey Inc.

1. ADDress Inc.
Years founded: 2018
CEO: Takashi Sabetto

ADDress provides a co-living subscription platform. The service allows their customers to stay in more than 40 places mainly in suburbs in Japan with JPY40,000 (approx. USD380)/month. Co-living might be accepted not to be popular under a state of emergency. However, due to COVID-19, we understand the risk of being in urban areas. People are expected to shift their lifestyles and utilize suburban areas.

2. LayerX Inc.
Years founded: 2018
CEO: Yoshinori Fukushima

LayerX promotes Digital Transformation in various industries including the financial industry, utilizing blockchain technology. Mitsui Digital Asset Management begins the Proof of Concept of issuing a security token using the technology provided by LayerX. The first step of the real estate STO is attracting public attention.

3. Akippa Inc.
Years founded: 2009
CEO: Genki Kanaya

Akippa provides a sharing platform for parking lots. The service allows customers to temporarily use free monthly parking lots and private parking lots nationwide. Those who are able to make a reservation can book a parking lot at a low price, and those who are able to use it can make effective use of the available space to earn income. Based on Akippa’s research through Feb 4th~Apr 13th, the use of parking lots for the purpose of “commuting to work/school” after the declaration of the state of emergency has increased significantly compared to normal times. This is one big trend we must watch under the COVID-19 situation.

4. ITANDI. Inc.
Years founded: 2012
CEO: Shimpei Noguchi

ITANDI provides three businesses: nomad cloud, Cloud ChintAI and OHEYA GO. Nomad Cloud is the sales support cloud system for real estate brokerage companies, and Cloud ChintAI is the one-stop support system for real estate leasing business, supports in both communication and marketing.
OHEYA GO is the property rental website that allows self-service style property/room viewing. According to the summary of the survey done by ITANDI and the other two companies, 83% of Japanese real estate companies recognize the effect of COVID-19. The biggest challenge they are facing is that “customers are not visiting their physical stores”. Self-service style property/room viewing service, as well as the VR/AR virtual room tour, are definitely the solutions for their challenges.

5. BitKey Inc.
Years founded: 2018
CEO: Yuki Ejiri

BitKey is a key technology startup that developed “bitkey platform”. Now they are focusing on smart lock products and disrupted the price of the smart lock. The average price of the smart locks was more than JPY15,000~ (USD 135~). BitKey provided a smart key with no installation fees and JPY300(USD 2.7)/month. Noncontact is one of the keywords under the COVID-19 situation, and smart locks can be the solution for that.

<About PropTech JAPAN>
PropTech JAPAN is a community for startups working to further innovate in the Japanese real estate space, founded by Shun Sakurai, founder of Digital Base Capital. The program was launched in 2017 and has since expanded to more than 1,100 participants. Through regular Meetup events, we provide opportunities for all those who are taking on new challenges, especially entrepreneurs, to share their thoughts and expand connection.

PropTech JAPAN

The first Proptech community in Japan for startup…

PropTech JAPAN

The first Proptech community in Japan for startup companies, innovators and investors at home and beyond.日本と世界の不動産スタートアップ、イノベーターを繋ぐ不動産テックコミュニティです。

PropTech JAPAN

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The first Proptech community in Japan for startup companies, innovators and investors at home and beyond.

PropTech JAPAN

The first Proptech community in Japan for startup companies, innovators and investors at home and beyond.日本と世界の不動産スタートアップ、イノベーターを繋ぐ不動産テックコミュニティです。

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