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1. TRACXN MONTHLY REPORT
DECEMBER 2021
JAPAN TECH

2. Japan Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
Japan Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 8
New Analyst Picks 9
IPOs 10
Acquisitions 11
Recent News 12

3. Japan Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Japan Tech Snapshot – December 2021
Japan Tech: Snapshot – December 2021
Note : "Investors" refers to "Institutional Investors" only
3
$32.4M
4 6
Overall Geo Stats
20
1
43
6
6
Funding Rounds $ Invested Analyst Picks
SNKRDUNK
Upgraded to
SOONICORN
New Investors
Gate.io
WOO
Series A+ rounds Active Investors IPOs
Institution for a Global
Society
CS-C
Acquisitions
DelightWorks
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Shibuya
(2 Rounds, $26.3M)
Tokyo
(2 Rounds, $6.1M)
Chuo
(2 Rounds, $6.1M)
Niigata
(2 Rounds, $6.1M)
$26.3M - Series E
Asoview (2011, Shibuya, $33.2M)
$3.5M - Series A
IZUMI (2021, Tokyo, $5.6M)
$2.6M - Seed
Fragcolor (2021, Tokyo, $2.6M)
- Seed
Veritas In Silico (2016, Niigata, )
Global Brain
(2 Investments)
JAFCO
(1 Investments)
Mitsui Fudosan
(1 Investments)
CyberX
(1 Investments)
Online Travel
Asoview
Cryptocurrencies
IZUMI
Gaming Tech
Fragcolor
Market Size
Companies Covered 5,448
Funded Companies 1,893
Total Funding $11.8B
Funding in last 12 months $2.2B
Top Exits
IPOs 332
Acquisitions 124
Company Stage
Unicorns 6
Soonicorns 39
Minicorns 146
Editor Picks 567
Series A+ 492
Series C+ 99
Acqui-Hires 1
Deadpooled 230
Top Cities
Tokyo (653 Rounds, $5.8B)
Minato (146 Rounds, $1.3B)
Top Investors
Mitsubishi UFJ Capital (110
Investments)
SMBC Venture Capital (81
Investments)

4. Japan Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Japan Tech as of December 2021
Japan Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (December 2021)*
Asoview
(2011, Shibuya, $33.2M)
$26.3M - Series E 31VENTURES
IZUMI
(2021, Tokyo, $5.6M)
$3.5M - Series A Mirana
Fragcolor
(2021, Tokyo, $2.6M)
$2.6M - Seed Double Peak
*Shows only the lead Investors

5. Japan Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Japan Tech in December 2021
Japan Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$26.3M - Series E
Asoview (2011, Shibuya, $33.2M)
Online reservation portal for tours and activities
31VENTURES, Global Brain, Fidelity International,
Mitsui Fudosan
LATE STAGE
Series D
SNKRDUNK (2016, Shibuya, $56.5M)
Online marketplace offering second hand sneakers
SoftBank Vision Fund, Altos Ventures Capital, JAFCO
EARLY STAGE
$3.5M - Series A
IZUMI (2021, Tokyo, $5.6M)
Online pool mining platform for cryptocurrency
Mirana, IOSG Ventures, Cadenza, Fenbushi Capital,
CyberX, and 13 more
EARLY STAGE
Series B
Siiibo Securities (2019, Chuo)
Online platform for investments in bonds
DNX Ventures, Chiba Dojo, Angel Bridge
SEED STAGE
$2.6M - Seed
Fragcolor (2021, Tokyo, $2.6M)
Developer of gaming engine platform
Animocabrands, Lemniscap, DWeb3, , Athena
Ventures, and 10 more
SEED STAGE
Seed
Veritas In Silico (2016, Niigata)
Developer of mRNA therapeutics using in silico
methods
Global Brain

6. Japan Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Japan Tech in December 2021
Japan Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Gate.io
17 portfolio companies | App-based platform for cryptocurrency exchange
IZUMI
Online pool mining platform for cryptocurrency
$3.50M Series A
WOO
1 portfolio companies | Limited information available
IZUMI
Online pool mining platform for cryptocurrency
$3.50M Series A
Signal Ventures
7 portfolio companies | Fund of funds focused on decarbonization and digital
transformation in ocean shipping/logistics industry
Fragcolor
Developer of gaming engine platform
$2.60M Seed
Kronos Research
6 portfolio companies | Investment research firm
IZUMI
Online pool mining platform for cryptocurrency
$3.50M Series A
Taureon
7 portfolio companies | Blockchain focused investment firm
Fragcolor
Developer of gaming engine platform
$2.60M Seed
GAINS Associates
4 portfolio companies | Provider of Blockchain focused events and insights
Fragcolor
Developer of gaming engine platform
$2.60M Seed
existential.vdtrxn
1 portfolio companies | Limited information available
Fragcolor
Developer of gaming engine platform
$2.60M Seed
Fidelity International
19 portfolio companies | Provider of investment management services
Asoview
Online reservation portal for tours and activities
$26.27M Series E
Double Peak
16 portfolio companies | Single family office investing in multiple sectors
Fragcolor
Developer of gaming engine platform
$2.60M Seed
Nansen
2 portfolio companies | Online analytics platform for cryptocurrencies and
blockchain data
IZUMI
Online pool mining platform for cryptocurrency
$3.50M Series A

7. Japan Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Japan Tech in December 2021
Japan Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
ArkStream
2 portfolio companies | Provider of investment services
Fragcolor
Developer of gaming engine platform
$2.60M Seed
Perpetual Protocol
1 portfolio companies | Online trading platform for cryptocurrency
IZUMI
Online pool mining platform for cryptocurrency
$3.50M Series A
BabelFinance
1 portfolio companies | Cryptocurrency-backed loans and deposit products and
fund of funds
IZUMI
Online pool mining platform for cryptocurrency
$3.50M Series A
CyberX
1 portfolio companies | Cryptocurrency trading platform
IZUMI
Online pool mining platform for cryptocurrency
$3.50M Series A
Sfermion
13 portfolio companies | Venture capital firm focused on non-fungible tokens
and associated assets
Fragcolor
Developer of gaming engine platform
$2.60M Seed
Mirana
3 portfolio companies | VC, PE, and fund of funds focused on multiple sectors
IZUMI
Online pool mining platform for cryptocurrency
$3.50M Series A
LD Capital
61 portfolio companies | Investment firm for blockchain technology
Fragcolor
Developer of gaming engine platform
$2.60M Seed
Cadenza
11 portfolio companies | Blockchain focused investment firm
IZUMI
Online pool mining platform for cryptocurrency
$3.50M Series A
Chainlink
2 portfolio companies | Decentralized oracle network to support smart contracts
IZUMI
Online pool mining platform for cryptocurrency
$3.50M Series A
Lemniscap
34 portfolio companies | Venture Capital firm focused on blockchain startups
Fragcolor
Developer of gaming engine platform
$2.60M Seed

8. Japan Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
8
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Bio Based Textile Materials $313M 1 Spiber | $313M | Series E
2 -- Life Sciences Research Platforms & Tools $182M 1 PHC Holdings | $182M | Series D
3 -- HRMS for Enterprises $142M 1 SmartHR | $142M | Series D
4 -- Bio Composites $124M 1 LIMEX | $124M | Series D
5 -- Internet First Point of Sale Financing $120M 1 Paidy | $120M | Series D
6 ▼-2 Space Debris Removal Services $109M 1 Astroscale | $109M | Series F
7 -- Online Doctor Appointment Booking Platform $69.3M 1 Linc'well | $69.3M | Series C
8 -- POS Payment Hardwares $66.0M 1 NETSTARS | $66.0M | Series A
9 ▲7 Crypto Banks $61.6M 1 Dicalet | $61.6M | Series C
10 -- Sleep Disorder Drugs $59.9M 1 Aculys | $59.9M | Series C

9. Japan Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Japan Tech in December 2021
Japan Tech: Analyst Picks
9
Upgraded to SOONICORN
SNKRDUNK (2016, Shibuya, $56.5M, Series C)
Online marketplace offering second hand sneakers
Altos Ventures Capital, JAFCO, SoftBank Vision Fund
and 1 other Investors
Upgraded to MINICORN
Asoview (2011, Shibuya, $1.9M, Seed)
Online reservation portal for tours and activities
Fidelity International, JAFCO, Mitsui Fudosan and 8
other Investors
Added to Editor's Pick
Cainz (2011, Honjo, Unfunded)
Online retailer offering multi-category products
Added to Editor's Pick
AMI Corporation (2015, Minamata, Undisclosed,
Seed)
Provider of stethoscope for heart disease diagnosis
Dogan,Cyberdyne,Realtech Fundand
Added to Editor's Pick
Yangjan (2017, Chiyoda-ku, Unfunded)
App-based comic book reading platform
Added to Editor's Pick
BOTCHAN (2017, Shibuya, Unfunded)
Provider of customer support chatbots for enterprises

10. Japan Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
29 Dec 2022
Institution for a Global Society (2010, Tokyo, )
Online learning platform for schools
$0.1B TYO:4265
24 Dec 2021
CS-C (2011, Minato, )
Platform offering retail store analytics software
$0.1B TYO:9258
16 Dec 2021
True Data (2000, Minato, $3.9M)
Consumer insights data provider
$0.1B TYO:4416
24 Dec 2021
Susmed (2015, Tokyo, $880K)
An app which takes user data, puts it through an algorithm, and
then provides advice for fixing patient's insomnia
$0.2B TYO:4263
16 Dec 2021
Broad Enterprise (2000, Osaka, )
Provider of IoT-based condominium management solutions
$0.1B TYO:4415
24 Dec 2021
F-Code (2006, Shinjuku, )
Platform offering software to get consumer insights
$0.0B TYO:9211
IPOs
List of IPOs in Japan Tech in December 2021
Japan Tech: IPOs
10

11. Japan Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Japan Tech in December 2021
Japan Tech: Acquisitions
11
Acq. Date Company Acquirer Deal Size
20 Dec 2021
DelightWorks(2014, Meguro)
Online platform providing multi-category news
Aniplex

12. Japan Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Japan Tech in December 2021
Japan Tech:News
12
Exit News
.
● Yokogawa Acquires PXiSE, a Developer of High-speed Control Software for
Grids and Renewable Energy Assets Business Wire
.
● Renesas Completes Acquisition of Celeno Business Wire
.
● Aniplex acquires Fate/Grand Order development team GamesIndustry
.
Fund News
.
● NEC opens new USD 150 mln venture capital fund Telecompaper
.
● Olympus launches medtech VC fundPrivate Equity Wire
.
People News
.
● dentsu launches Merkle Taiwan with major appointments MARKETING-INTERACTIVE
.
● Stagwell Media Network Announces Executive Leadership to Spearhead
Investments, Partnerships & Client Experience CNW
.
● Ants Digital appoints Faisal Haq as Chief Operating Officer BestMediaInfo
.

13. Japan Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Explore more on Tracxn
Explore more about Japan Tech on Tracxn Platform
Japan Tech: Explore more on Tracxn Platform
13
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Japan
AI Companies in Japan
Fintech Companies Japan
Consumer Digital in Japan
Company Due Diligence
Detailed profile of JOLED
Competitors of Geek+
Cap Tables of Spiber
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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