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1. TRACXN TOP BUSINESS MODELS REPORT
January 29, 2021
JAPAN TECH

2. Japan Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
JapanJapan Tech Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

3. Japan Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Funding in last 1 year
3
Printed Electronics $281M
Logistics Tech $176M
Construction Tech $113M
NewSpace $85.5M
Energy Storage Tech $74.3M
Security & Surveillance
Technology
$35.5M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Monex Ventures
DEEPCORE
Coral Capital
2
2
2
Early
Stage
Mitsubishi UFJ Capital
Sony Innovation Fund
University of Tokyo Edge ..
4
4
3
Late
Stage
NTT DOCOMO Ventures
Globis Capital Partners
Minerva Growth Partners
3
3
3
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
JOLED
(2015, Tokyo)
$281M - PE
Line Man
(2008, Tokyo)
$110M - Series D
Tier Ⅳ
(2015, Nagoya)
$92.3M - Series B
APB
(2019, Tokyo)
$74.3M - Series C
Astroscale
(2013, Sumida-ku)
$51.0M - Series E
Geek+
(2015, Inzai)
$50.0M - Series C
Kyash
(2015, Tokyo)
$45.0M - Series C
Andpad
(2016, Chiyoda-ku)
$37.4M - Series C
ANDPAD
(2016, Chiyoda-ku)
$37.3M - Series C
SkyDrive
(2018, Shinjuku)
$37.0M - Series B
Photosynth
(2014, Minato)
$33.0M - Series C
ispace
(2010, Tokyo)
$28.0M - Series B
Tokyo (52%)
Chiyoda-ku (11%)
Nagoya (7%)
Minato (5%)
Shinjuku (4%)
Others (20%)

4. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Japan Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲5 Self Driving Cars $92.3M 1 Tier Ⅳ | $92.3M | Series B Link
2-- Lithium Ion Batteries $74.3M 2 APB | $74.3M | Series C Link
3-- Construction Field Management Software $56.3M 2 Andpad | $37.4M | Series C Link
4▲48 Construction Operations Management Platform $56.3M 2 Andpad | $37.4M | Series C Link
5▲21 Construction Project Management Software $56.2M 2 ANDPAD | $37.3M | Series C Link
6▲15
NewSpace > Space Services > Space Debris >
Removal
$51.0M 2 Astroscale | $51.0M | Series E Link
7▼3 Warehouse Automation $50.0M 1 Geek+ | $50.0M | Series C Link
8▼3 Warehouse Automation Tools $50.0M 1 Geek+ | $50.0M | Series C Link
9▲27 Internet First Reloadable Prepaid Card Issuers $45.0M 1 Kyash | $45.0M | Series C Link
10▲18
Security & Surveillance Technology > PIAM >
Secured Entry Control > Smart Lock
$33.0M 1 Photosynth | $33.0M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Japan Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- NewSpace > Space Hardware > Rovers $28.0M 1 ispace | $28.0M | Series B Link
12▲49 Industrial Robotics > Space $28.0M 1 ispace | $28.0M | Series B Link
13-- MarketingTech > Mobile Marketing > Analytics $27.3M 1 Repro | $27.3M | Series C Link
14--
Customer Success Management > Customer
Engagement
$27.3M 1 Repro | $27.3M | Series C Link
15▲5 Cryptocurrency Banking $25.3M 1 Dicalet | $25.3M | Series B Link
16-- Diversified Pharmaceuticals > Drugs $21.4M 2 Kringle Pharma | $15.5M | Series B Link
17--
Healthcare IT > Provider > Hospital Information
Systems > Patient Portal > Pre-admissions
$18.7M 1 Ubie | $18.7M | Series B Link
18-- Disease Self Management > Symptom Checkers $18.7M 1 Ubie | $18.7M | Series B Link
19-- Heart Failure Therapy Devices $16.7M 2 Metcela | $12.7M | Series B Link
20-- Tech Based E Commerce Fulfilment $16.2M 1 Open Logi | $16.2M | Series C Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Japan Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21--
Diagnostics (by Technology) > Devices and
Instruments > Cell and Tissue Analysis > Cell Isola..
$15.0M 1 ThinkCyte | $15.0M | Series A Link
22--
Photonics > Biophotonics > Optical
Micromanipulation > Cell Sorting
$15.0M 1 ThinkCyte | $15.0M | Series A Link
23-- Medical Image Analysis Software $15.0M 1 ThinkCyte | $15.0M | Series A Link
24-- Diversified Diagnostics > Tests $15.0M 1 ThinkCyte | $15.0M | Series A Link
25--
Beauty Tech > Ecommerce > Men's Grooming >
Multi-Category > Organic > Internet First Brand
$14.1M 1 Bulk Homm | $14.1M | Series B Link
26▲12
AI Infrastructure > Machine Intelligence Systems >
Custom Services
$13.4M 2 Cogent | $13.0M | Series C Link
27--
Embedded Systems > Embedded Hardware >
Memory > Non-Volatile
$11.5M 1 Floadia | $11.5M | Series C Link
28-- Data Management Platform $10.7M 1 Flywheel | $10.7M | Series A Link
29-- Customer Data Platforms $10.7M 1 Flywheel | $10.7M | Series A Link
30-- Drug Delivery > Diversified $9.8M 1 LUCA Science | $9.8M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Japan Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Cell Therapy > Diversified $9.8M 1 LUCA Science | $9.8M | Series A Link
32-- Home Improvements > Community Platforms $9.4M 1 RoomClip | $9.4M | Series D Link
33--
AdTech > Campaign Management Platform > Social
Media
$8.2M 2 Adgo | $7.6M | Series A Link
34-- Lead Generation Platforms for Local Businesses $7.5M 1 Zehitomo | $7.5M | Series B Link
35--
Food Tech > Novel Foods > Food Products >
Alternative Proteins > Meat Substitute > Lab Grown
$7.4M 1 Integriculture | $7.4M | Series A Link
36-- Call Analytics $6.6M 1 RevComm | $6.6M | Series A Link
37--
Genomics > Enabling Technologies > Instrument
Systems > Single Cell Genomics
$6.6M 1 bitBiome | $6.6M | Series B Link
38-- Gamer Community $6.0M 1 PlayBrain | $6.0M | Series A Link
39--
Image Recognition > Applications > Online Retail >
Product Tagging
$6.0M 1 Odd Concepts | $6.0M | Series B Link
40-- Bionic Prosthetics $5.2M 1 BionicM | $5.2M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Japan Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41--
Assistive Tech > Assistive Hardware > Mobility >
Prostheses
$5.2M 1 BionicM | $5.2M | Series A Link
42-- IT Project Management Tools $5.0M 1 Nulab | $5.0M | Series A Link
43-- Enterprise Collaboration Suite $5.0M 1 Nulab | $5.0M | Series A Link
44--
MarketingTech > Marketing Management >
Marketing Campaign Management
$5.0M 1 Nulab | $5.0M | Series A Link
45-- NewSpace > Network Operators > Ground Stations $3.5M 1 Infostellar | $3.5M | Series A Link
46-- Satellite Communication Services $3.0M 1 WARPSPACE | $3.0M | Series A Link
47--
Electronic Design Automation Tools > Verification
Tools > Physical Verification
$2.9M 1 Saki corporation | $2.9M | Seed Link
48--
Enterprise Collaboration > Project Management >
Innovation Management
$2.8M 1 BeaTrust | $2.8M | Seed Link
49-- Physiological Biometrics $2.5M 1 NORMEE | $2.5M | Series A Link
50-- Physical Access Control Systems $2.5M 1 NORMEE | $2.5M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Tier Ⅳ (2015, Nagoya)
$92.3M - Series B - Aug 2020
Self Driving Cars - Japan
01
9
Back to index
Autonomous Vehicles (Ascent Robotics)
(# Cos: 13 | $438M)
Self Driving Technology (ZMP)
(# Cos: 5 | $231M)
Cars (Tier Ⅳ)
(# Cos: 5 | $231M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$92.3M (▼15.4%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$231M
2
-
5
1
Tier Ⅳ
(2015, Nagoya, $230M)
ZMP
(2001, Tokyo, $842K)
TRI-AD
(2018, Chuo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

10. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Lithium Ion Batteries - Japan
02
10
Back to index
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$74.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$116M
2
-
5
2
Energy Storage Tech (LE System)
(# Cos: 26 | $119M)
Battery (CENAT New Energy Group)
(# Cos: 10 | $116M)
Secondary Battery (Enax)
(# Cos: 5 | $116M)
Lithium Ion (APB)
(# Cos: 5 | $116M)
APB
(2019, Tokyo, $74.3M)
Enax
(1996, Tokyo, $41.5M)
CENAT New Energy Group
(2010, Chiyoda-ku)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
APB (2019, Tokyo)
$74.3M - Series C - Mar 2020
APB (2019, Tokyo)
Undisclosed - Series C - Dec 2020

11. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Construction Field Management
Software - Japan
03
11
Back to index
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$56.3M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$56.3M
2
-
2
1
Construction Tech (AllStocker)
(# Cos: 20 | $156M)
Project Management (ANDPAD)
(# Cos: 10 | $140M)
Field Management (BPM)
(# Cos: 3 | $56.3M)
Suite (Andpad)
(# Cos: 2 | $56.3M)
Andpad
(2016, Chiyoda-ku, $56.3M)
BPM
(2011, Shibuya)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Andpad (2016, Chiyoda-ku)
$37.4M - Series C - Jul 2020
Andpad (2016, Chiyoda-ku)
$18.9M - Series C - Oct 2020

12. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Andpad (2016, Chiyoda-ku)
$37.4M - Series C - Jul 2020
Andpad (2016, Chiyoda-ku)
$18.9M - Series C - Oct 2020
Construction Operations Management
Platform - Japan
04
12
Back to index
Field Force Automation (UPWARD)
(# Cos: 9 | $70.7M)
Construction (Andpad)
(# Cos: 2 | $67.9M)
Suite (Sukedachi)
(# Cos: 2 | $67.9M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$56.3M (▲753%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$67.9M
2
-
2
2
Sukedachi
(2017, Tokyo, $11.6M)
Andpad
(2016, Chiyoda-ku, $56.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
ANDPAD (2016, Chiyoda-ku)
$37.3M - Series C - Jul 2020
ANDPAD (2016, Chiyoda-ku)
$18.9M - Series C - Oct 2020
Construction Project Management
Software - Japan
05
13
Back to index
Construction Tech (AllStocker)
(# Cos: 20 | $156M)
Project Management (Andpad)
(# Cos: 10 | $140M)
Suite (ANDPAD)
(# Cos: 5 | $82.6M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$56.2M (▲149%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$82.6M
3
1
5
2
ANDPAD
(2016, Chiyoda-ku, $60.0M)
Oct Corporation
(2012, Chiyoda-ku, $22.6M)
Being
(1984, Tsu)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

14. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Astroscale (2013, Sumida-ku)
$51.0M - Series E - Oct 2020
Astroscale (2013, Sumida-ku)
Undisclosed - Series E - May 2020
NewSpace > Space Services > Space
Debris > Removal - Japan
06
14
Back to index
NewSpace (ispace)
(# Cos: 14 | $504M)
Space Services (Axelspace)
(# Cos: 5 | $362M)
Removal (Astroscale)
(# Cos: 1 | $199M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$51.0M (▲70%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$199M
1
-
1
1
Astroscale
(2013, Sumida-ku, $199M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

15. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Warehouse Automation - Japan
07
15
Back to index
Industrial Robotics (ispace)
(# Cos: 61 | $688M)
Warehouse Automation (Geek+)
(# Cos: 1 | $440M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$50.0M (▼66.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$440M
1
-
1
1
Geek+
(2015, Inzai, $440M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Geek+ (2015, Inzai)
$50.0M - Series C - Jun 2020

16. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Geek+ (2015, Inzai)
$50.0M - Series C - Jun 2020
Warehouse Automation Tools - Japan
08
16
Back to index
SCM Software (Framework)
(# Cos: 10 | $440M)
Warehouse Management (ZAICO)
(# Cos: 8 | $440M)
Warehouse Automation Tools (Geek+)
(# Cos: 1 | $440M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$50.0M (▼66.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$440M
1
-
1
1
Geek+
(2015, Inzai, $440M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

17. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Internet First Reloadable Prepaid Card
Issuers - Japan
09
17
Back to index
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$45.0M (▲221%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$73.0M
3
1
6
1
Payments (Coiney)
(# Cos: 58 | $122M)
Consumer Payments (PayPay)
(# Cos: 25 | $73.0M)
Payment Cards (Credit Saison)
(# Cos: 13 | $73.0M)
Prepaid Cards (Rakuten Card)
(# Cos: 7 | $73.0M)
General Purpose (Vandle)
(# Cos: 6 | $73.0M)
Reloadable (Kyash)
(# Cos: 6 | $73.0M)
Kyash
(2015, Tokyo, $73.0M)
Vandle
(2011, Tokyo)
Rakuten Card
(2001, Setagaya)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kyash (2015, Tokyo)
$45.0M - Series C - Mar 2020

18. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Security & Surveillance Technology > PIAM > Secured Entry
Control > Smart Lock - Japan
10
18
Back to index
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$33.0M (▲60.3%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$61.1M
3
-
5
2
Security & Surveillance Technology (VAAK)
(# Cos: 43 | $64.1M)
PIAM (Akerun)
(# Cos: 15 | $63.7M)
Secured Entry Control (Photosynth)
(# Cos: 8 | $61.1M)
Smart Lock (Bitkey)
(# Cos: 5 | $61.1M)
Bitkey
(2018, Chuo, $20.6M)
Photosynth
(2014, Minato, $36.8M)
Akerun
(2014, Tokyo, $3.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Photosynth (2014, Minato)
$33.0M - Series C - Aug 2020

19. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
ispace (2010, Tokyo)
$28.0M - Series B - Aug 2020
NewSpace > Space Hardware > Rovers -
Japan
11
19
Back to index
NewSpace (Astroscale)
(# Cos: 14 | $504M)
Space Hardware (SPACE WALKER)
(# Cos: 4 | $125M)
Rovers (ispace)
(# Cos: 1 | $125M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$28.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$125M
1
-
1
1
ispace
(2010, Tokyo, $125M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

20. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Industrial Robotics > Space - Japan
12
20
Back to index
Industrial Robotics (Geek+)
(# Cos: 61 | $688M)
Space (ispace)
(# Cos: 2 | $130M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$28.0M (▲583%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$130M
2
-
2
2
ispace
(2010, Tokyo, $125M)
GITAI
(2016, Tokyo, $5.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ispace (2010, Tokyo)
$28.0M - Series B - Aug 2020

21. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Repro (2014, Tokyo)
$27.3M - Series C - Feb 2020
MarketingTech > Mobile Marketing >
Analytics - Japan
13
21
Back to index
MarketingTech (BitStar)
(# Cos: 72 | $189M)
Mobile Marketing (Metaps)
(# Cos: 8 | $83.3M)
Analytics (Repro)
(# Cos: 1 | $30.8M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$27.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.8M
1
-
1
1
Repro
(2014, Tokyo, $30.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

22. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Customer Success Management >
Customer Engagement - Japan
14
22
Back to index
Customer Success Management (PLAID)
(# Cos: 6 | $61.4M)
Customer Engagement (Repro)
(# Cos: 2 | $30.8M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$27.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.8M
2
-
2
1
Repro
(2014, Tokyo, $30.8M)
Solairo
(2013, Shinagawa)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Repro (2014, Tokyo)
$27.3M - Series C - Feb 2020

23. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Dicalet (2018, Chiyoda-ku)
$25.3M - Series B - Apr 2020
Cryptocurrency Banking - Japan
15
23
Back to index
Cryptocurrencies (bitFlyer)
(# Cos: 113 | $145M)
Financial Services (Liquid)
(# Cos: 66 | $144M)
Banking (Dicalet)
(# Cos: 1 | $56.6M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$25.3M (▼19%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$56.6M
1
-
1
1
Dicalet
(2018, Chiyoda-ku, $56.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

24. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Diversified Pharmaceuticals > Drugs -
Japan
16
24
Back to index
Diversified Pharmaceuticals (PeptiDream)
(# Cos: 26 | $93.7M)
Drugs (Sosei)
(# Cos: 26 | $93.7M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$21.4M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$93.7M
20
9
26
0
Sosei
(1990, Chiyoda-ku, $13.0M)
PeptiDream
(2006, Meguro)
Otsuka
(2008, Chiyoda-ku)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Kringle Pharma (2001, Ibaraki)
$15.5M - Series B - Apr 2020
Luxiana Biotech (2017, Suita)
$5.9M - Series A - Feb 2020

25. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Healthcare IT > Provider > Hospital Information Systems >
Patient Portal > Pre-admissions - Japan
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$18.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.0M
1
-
1
1
Healthcare IT (LPixel)
(# Cos: 104 | $207M)
Provider (CureApp)
(# Cos: 82 | $172M)
Hospital Information Systems
(Information Technology Medical)
(# Cos: 20 | $40.1M)
Pre-admissions (Ubie)
(# Cos: 1 | $30.0M)
Ubie
(2015, Chuo, $30.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ubie (2015, Chuo)
$18.7M - Series B - Jun 2020

26. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Disease Self Management > Symptom
Checkers - Japan
18
26
Back to index
Disease Self Management (CureApp)
(# Cos: 40 | $69.3M)
Symptom Checkers (Ubie)
(# Cos: 2 | $30.0M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$18.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.0M
2
-
2
1
Ubie
(2015, Chuo, $30.0M)
Primesap
(2010, Tokyo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Ubie (2015, Chuo)
$18.7M - Series B - Jun 2020

27. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Heart Failure Therapy Devices - Japan
19
27
Back to index
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$16.7M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.7M
1
-
1
1
Cardiac and Vascular Disorders (Daiichi Sankyo)
(# Cos: 26 | $59.2M)
Medical Devices (Omron)
(# Cos: 18 | $22.7M)
Therapeutic Devices (Asahi Intecc)
(# Cos: 11 | $22.7M)
Congestive Heart Failure
(Metcela)
(# Cos: 1 | $22.7M)
Metcela
(2016, Kanagawa, $22.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Metcela (2016, Kanagawa)
$12.7M - Series B - Jan 2021
Metcela (2016, Kanagawa)
$4.0M - Series B - May 2020

28. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Open Logi (2013, Tokyo)
$16.2M - Series C - Oct 2020
Tech Based E Commerce Fulfilment -
Japan
20
28
Back to index
E-Commerce Logistics (Benly)
(# Cos: 5 | $25.8M)
Horizontal (LOGILESS)
(# Cos: 2 | $25.8M)
Own Fleet (Open Logi)
(# Cos: 2 | $25.8M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$16.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$25.8M
2
-
2
1
Open Logi
(2013, Tokyo, $25.8M)
LOGILESS
(2017, Tokyo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

29. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
ThinkCyte (2016, Tokyo)
$15.0M - Series A - May 2020
Diagnostics (by Technology) > Devices and Instruments > Cell and Tissue
Analysis > Cell Isolation and Enrichment > Central Laboratory Systems -
Japan
21
29
Back to index
Diagnostics (by Technology) (HORIBA)
(# Cos: 54 | $37.9M)
Devices and Instruments (Canon)
(# Cos: 27 | $18.3M)
Central Laboratory Systems (ThinkCyte)
(# Cos: 1 | $18.3M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$15.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$18.3M
1
-
1
1
ThinkCyte
(2016, Tokyo, $18.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Photonics > Biophotonics > Optical
Micromanipulation > Cell Sorting - Japan
22
30
Back to index
Photonics (Kyulux)
(# Cos: 28 | $119M)
Cell Sorting (ThinkCyte)
(# Cos: 1 | $18.3M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$15.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$18.3M
1
-
1
1
ThinkCyte
(2016, Tokyo, $18.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ThinkCyte (2016, Tokyo)
$15.0M - Series A - May 2020

31. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
ThinkCyte (2016, Tokyo)
$15.0M - Series A - May 2020
Medical Image Analysis Software - Japan
23
31
Back to index
Life Sciences Tech (Agatha)
(# Cos: 27 | $25.1M)
Research & Development (Genomedia)
(# Cos: 23 | $21.1M)
Image Analysis (ThinkCyte)
(# Cos: 3 | $18.3M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$15.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$18.3M
1
-
3
1
ThinkCyte
(2016, Tokyo, $18.3M)
CoLocalization Researc.. LiveVolume
(2013, Fukuoka)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Diversified Diagnostics > Tests - Japan
24
32
Back to index
Diversified Diagnostics (Olympus)
(# Cos: 29 | $22.5M)
Tests (Canon)
(# Cos: 29 | $22.5M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$15.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$22.5M
12
6
29
1
Canon
(1937, Tokyo)
Olympus
(1919, Tokyo)
Sysmex
(1968, Kobe)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
ThinkCyte (2016, Tokyo)
$15.0M - Series A - May 2020

33. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Bulk Homm (2012, Minato)
$14.1M - Series B - Sep 2020
Beauty Tech > Ecommerce > Men's Grooming > Multi-
Category > Organic > Internet First Brand - Japan
25
33
Back to index
Beauty Tech (Coubic)
(# Cos: 40 | $36.9M)
Ecommerce (BOTANIST)
(# Cos: 18 | $21.2M)
Internet First Brand (Bulk Homm)
(# Cos: 1 | $21.2M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$14.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$21.2M
1
-
1
1
Bulk Homm
(2012, Minato, $21.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

34. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Cogent (2014, Shibuya)
$13.0M - Series C - Apr 2020
Data Grid (2017, Kyoto)
$359K - Seed - Mar 2020
AI Infrastructure > Machine Intelligence Systems
> Custom Services - Japan
26
34
Back to index
AI Infrastructure (Preferred Infrastructure)
(# Cos: 39 | $231M)
Machine Intelligence Systems (SOINN)
(# Cos: 9 | $39.4M)
Custom Services (Cogent)
(# Cos: 6 | $39.4M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$13.4M (▲21.4%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$39.4M
6
-
6
1
Cogent
(2014, Shibuya, $39.0M)
SOINN
(2014, Machida)
Cross Compass
(2012, Tokyo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

35. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Embedded Systems > Embedded Hardware >
Memory > Non-Volatile - Japan
27
35
Back to index
Embedded Systems (Eflow)
(# Cos: 4 | $25.6M)
Non-Volatile (Floadia)
(# Cos: 1 | $25.6M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$11.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$25.6M
1
-
1
1
Floadia
(2011, Kodaira, $25.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Floadia (2011, Kodaira)
$11.5M - Series C - Oct 2020

36. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Data Management Platform - Japan
28
36
Back to index
AdTech (Adways)
(# Cos: 65 | $78.2M)
Data Management Platform (Flywheel)
(# Cos: 2 | $10.7M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$10.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.7M
1
-
2
0
Flywheel
(2018, Shibuya, $10.7M)
D2cR
(2013, Tokyo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Flywheel (2018, Shibuya)
$10.7M - Series A - Feb 2020

37. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Flywheel (2018, Shibuya)
$10.7M - Series A - Feb 2020
Customer Data Platforms - Japan
29
37
Back to index
MarketingTech (BitStar)
(# Cos: 72 | $189M)
Marketing Data Platforms (HiCustomer)
(# Cos: 4 | $10.7M)
Customer Data Platforms (Flywheel)
(# Cos: 3 | $10.7M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$10.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.7M
2
-
3
0
Flywheel
(2018, Shibuya, $10.7M)
HiCustomer
(2018, Shibuya)
CACICA
(2019, Chiyoda-ku)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

38. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Drug Delivery > Diversified - Japan
30
38
Back to index
Drug Delivery (Santen Pharmaceuticals)
(# Cos: 7 | $15.6M)
Diversified (MEDRx)
(# Cos: 3 | $9.8M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$9.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$9.8M
3
1
3
0
MEDRx
(2002, Kagawa)
LUCA Science
(2018, Chuo, $9.8M)
Mebiopharm
(2002, Minato)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LUCA Science (2018, Chuo)
$9.8M - Series A - Sep 2020

39. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Cell Therapy > Diversified - Japan
31
39
Back to index
Cell Therapy (SanBio)
(# Cos: 10 | $112M)
Diversified (LUCA Science)
(# Cos: 2 | $9.8M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$9.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$9.8M
2
-
2
0
LUCA Science
(2018, Chuo, $9.8M)
Genomix
(2006, Osaka)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
LUCA Science (2018, Chuo)
$9.8M - Series A - Sep 2020

40. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Home Improvements > Community
Platforms - Japan
32
40
Back to index
Home Improvements (DCM Holdings)
(# Cos: 19 | $9.7M)
Community Platforms (RoomClip)
(# Cos: 1 | $8.3M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$9.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$8.3M
1
-
1
1
RoomClip
(2011, Tokyo, $8.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
RoomClip (2011, Tokyo)
$9.4M - Series D - Sep 2020

41. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Adgo (2014, Tokyo)
$7.6M - Series A - May 2020
Adgo (2014, Tokyo)
$550K - Series A - Dec 2020
AdTech > Campaign Management
Platform > Social Media - Japan
33
41
Back to index
AdTech (Adways)
(# Cos: 65 | $78.2M)
Campaign Management Platform (Albert)
(# Cos: 4 | $8.2M)
Social Media (Adgo)
(# Cos: 2 | $8.2M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$8.2M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$8.2M
1
-
2
1
Adgo
(2014, Tokyo, $8.2M)
Pyxis-Social
(2013, Shinjuku)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

42. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Zehitomo (2015, Tokyo)
$7.5M - Series B - Jun 2020
Lead Generation Platforms for Local
Businesses - Japan
34
42
Back to index
Local Services (Raksul)
(# Cos: 47 | $138M)
Multi Services (Taskaji)
(# Cos: 5 | $12.5M)
Lead Generation (Zehitomo)
(# Cos: 1 | $12.5M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$7.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$12.5M
1
-
1
1
Zehitomo
(2015, Tokyo, $12.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

43. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Integriculture (2015, Tokyo)
$7.4M - Series A - May 2020
Food Tech > Novel Foods > Food Products > Alternative
Proteins > Meat Substitute > Lab Grown - Japan
35
43
Back to index
Food Tech (Toreta)
(# Cos: 86 | $242M)
Meat Substitute (Shojinmeat)
(# Cos: 2 | $10.2M)
Lab Grown (Integriculture)
(# Cos: 2 | $10.2M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$7.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.2M
1
-
2
1
Integriculture
(2015, Tokyo, $10.2M)
Shojinmeat
(2015, Tokyo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

44. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
RevComm (2017, Tokyo)
$6.6M - Series A - Oct 2020
Call Analytics - Japan
36
44
Back to index
Sales Force Automation (Sansan)
(# Cos: 33 | $140M)
Sales Analytics (Nowcast)
(# Cos: 2 | $14.2M)
Conversation Intelligence (RevComm)
(# Cos: 1 | $14.2M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$6.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$14.2M
1
-
1
0
RevComm
(2017, Tokyo, $14.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

45. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Genomics > Enabling Technologies > Instrument Systems >
Single Cell Genomics - Japan
37
45
Back to index
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$6.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$9.9M
1
-
2
1
Genomics (Spiber)
(# Cos: 81 | $461M)
Enabling Technologies (Ribomic)
(# Cos: 27 | $74.0M)
Instrument Systems (Quantum
Biosystems)
(# Cos: 8 | $45.0M)
Single Cell Genomics (bitBiome)
(# Cos: 2 | $9.9M)
bitBiome
(2018, Shinjuku, $9.9M)
Elplasia
(2013, Tokyo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
bitBiome (2018, Shinjuku)
$6.6M - Series B - Sep 2020

46. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Gamer Community - Japan
38
46
Back to index
Gaming Tech (GameWith)
(# Cos: 25 | $18.2M)
Gamers Community (PlayBrain)
(# Cos: 4 | $12.0M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$6.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$12.0M
3
1
4
1
PlayBrain
(2016, Shibuya, $8.0M)
GameWith
(2013, Minato, $4.0M)
Game Koryaku Kanzen Zu..
(2014, Fukuoka)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PlayBrain (2016, Shibuya)
$6.0M - Series A - Jun 2020

47. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Odd Concepts (2008, Meguro)
$6.0M - Series B - Mar 2020
Image Recognition > Applications > Online Retail
> Product Tagging - Japan
39
47
Back to index
Image Recognition (AI Inside)
(# Cos: 8 | $63.1M)
Applications (ABEJA)
(# Cos: 5 | $63.1M)
Product Tagging (Odd Concepts)
(# Cos: 1 | $10.0M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$6.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.0M
1
-
1
1
Odd Concepts
(2008, Meguro, $10.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

48. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Bionic Prosthetics - Japan
40
48
Back to index
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$5.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$25.3M
2
-
2
2
Consumer Robotics (Softbank Robotics)
(# Cos: 48 | $302M)
Healthcare (Genics)
(# Cos: 5 | $25.3M)
Robotic Assistance (BionicM)
(# Cos: 3 | $25.3M)
Prosthetics (MELTIN MMI)
(# Cos: 2 | $25.3M)
MELTIN MMI
(2013, Tokyo, $20.1M)
BionicM
(2016, Tokyo, $5.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BionicM (2016, Tokyo)
$5.2M - Series A - Sep 2020

49. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Assistive Tech > Assistive Hardware > Mobility >
Prostheses - Japan
41
49
Back to index
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$5.2M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$25.3M
3
-
3
2
Assistive Tech (Mirairo)
(# Cos: 11 | $25.3M)
Assistive Hardware (Starkey)
(# Cos: 8 | $25.3M)
Mobility (BionicM)
(# Cos: 3 | $25.3M)
Prostheses (MELTIN MMI)
(# Cos: 3 | $25.3M)
MELTIN MMI
(2013, Tokyo, $20.1M)
BionicM
(2016, Tokyo, $5.2M)
Reif
(2008, Kitakyushu)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BionicM (2016, Tokyo)
$5.2M - Series A - Sep 2020

50. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Nulab (2004, Fukuoka)
$5.0M - Series A - Mar 2020
IT Project Management Tools - Japan
42
50
Back to index
Product Management Tools (Cacoo)
(# Cos: 16 | $5.0M)
Product Development (Backlog)
(# Cos: 12 | $5.0M)
Project Management (Nulab)
(# Cos: 7 | $5.0M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$5.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.0M
2
-
7
1
Nulab
(2004, Fukuoka, $5.0M)
Backlog
(2002, Fukuoka)
Timeslist
(2013, Tokyo)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

51. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Enterprise Collaboration Suite - Japan
43
51
Back to index
Enterprise Collaboration (Talknote)
(# Cos: 41 | $21.8M)
Suite (Nulab)
(# Cos: 7 | $10.6M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$5.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.6M
4
1
7
2
Nulab
(2004, Fukuoka, $5.0M)
Cybozu
(1997, Tokyo)
Oneteam
(2015, Tokyo, $5.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nulab (2004, Fukuoka)
$5.0M - Series A - Mar 2020

52. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
MarketingTech > Marketing Management >
Marketing Campaign Management - Japan
44
52
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MarketingTech (BitStar)
(# Cos: 72 | $189M)
Marketing Campaign Management (Nulab)
(# Cos: 1 | $5.0M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$5.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.0M
1
-
1
1
Nulab
(2004, Fukuoka, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Nulab (2004, Fukuoka)
$5.0M - Series A - Mar 2020

53. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
NewSpace > Network Operators >
Ground Stations - Japan
45
53
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NewSpace (Astroscale)
(# Cos: 14 | $504M)
Ground Stations (Infostellar)
(# Cos: 1 | $11.5M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$3.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$11.5M
1
-
1
1
Infostellar
(2016, Tokyo, $11.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Infostellar (2016, Tokyo)
$3.5M - Series A - Apr 2020

54. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
WARPSPACE (2016, Tsukuba)
$3.0M - Series A - Aug 2020
Satellite Communication Services -
Japan
46
54
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NewSpace (Axelspace)
(# Cos: 14 | $504M)
Space Services (Astroscale)
(# Cos: 5 | $362M)
Communication (WARPSPACE)
(# Cos: 1 | $3.0M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$3.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$3.0M
1
-
1
0
WARPSPACE
(2016, Tsukuba, $3.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

55. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Saki corporation (1994, Tokyo)
$2.9M - Seed - Dec 2020
Electronic Design Automation Tools > Verification Tools >
Physical Verification - Japan
47
55
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Electronic Design Automation Tools (NanoBridge
Semiconductor)
(# Cos: 14 | $36.1M)
Verification Tools (VTech)
(# Cos: 2 | $2.9M)
Physical Verification (Saki corporation)
(# Cos: 2 | $2.9M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$2.9M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.9M
2
-
2
1
Saki corporation
(1994, Tokyo, $2.9M)
VTech
(2003, Yokohama)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
BeaTrust (2020, Tokyo)
$2.8M - Seed - Aug 2020
Enterprise Collaboration > Project Management
> Innovation Management - Japan
48
56
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Enterprise Collaboration (Talknote)
(# Cos: 41 | $21.8M)
Project Management (NOTA)
(# Cos: 18 | $5.7M)
Innovation Management (BeaTrust)
(# Cos: 1 | $2.8M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$2.8M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.8M
1
-
1
0
BeaTrust
(2020, Tokyo, $2.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

57. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
Physiological Biometrics - Japan
49
57
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Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$2.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$6.4M
2
-
4
0
Cybersecurity (Trend Micro)
(# Cos: 69 | $72.2M)
IAM (Credify)
(# Cos: 18 | $10.0M)
Biometrics (NORMEE)
(# Cos: 4 | $6.4M)
Physiological (Emotion Intelligence)
(# Cos: 4 | $6.4M)
Emotion Intelligence
(2011, Tokyo, $3.9M)
NORMEE
(2005, Chuo, $2.5M)
Polarify
(2017, Minato)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
NORMEE (2005, Chuo)
$2.5M - Series A - Jun 2020

58. Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech - Top Business Models Report
Recent Funding Rounds
NORMEE (2005, Chuo)
$2.5M - Series A - Jun 2020
Physical Access Control Systems - Japan
50
58
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Security & Surveillance Technology (VAAK)
(# Cos: 43 | $64.1M)
PIAM (Bitkey)
(# Cos: 15 | $63.7M)
Integrated Platform (NORMEE)
(# Cos: 1 | $2.5M)
Taxonomy
$ Invested in last 1 year in Japan Tech
Key Stats
# Funding Rounds in last 1 year in
Japan Tech
$2.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.5M
1
-
1
0
NORMEE
(2005, Chuo, $2.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

59. Japan Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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Japan Tech - Top Business Models Report
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