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1. TRACXN MONTHLY REPORT
DECEMBER 2020
JAPAN TECH

2. Japan Tech - December 2020 Copyright © 2021, Tracxn Technologies Private 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 7
New Analyst Picks 8
IPOs 9
Acquisitions 10
Recent News 11

3. Japan Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Japan Tech Snapshot – December 2020
Japan Tech: Snapshot – December 2020
Note : "Investors" refers to "Institutional Investors" only
3
$4.7M
3 10
Overall Geo Stats
1
15
64
Funding Rounds $ Invested Analyst Picks
Saki corporation
Upgraded to
MINICORN
New Investors
1
Series A+ rounds Active Investors IPOs
Yappli
Towa High System
Acquisitions
Photonic Lattice#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Tokyo
(3 Rounds, $3.5M)
Tsukuba
(1 Rounds, $1.2M)
$2.9M - Seed
Saki corporation (1994, Tokyo, $2.9M)
$1.2M - Series A
NanoBridge Semiconductor (2019,
Tsukuba, $1.2M)
$550K - Series A
Adgo (2014, Tokyo, $8.2M)
- Series E
CAMPFIRE (2011, Tokyo, $29.3M)
Nippon Venture Capital
(1 Investments)
Kyoto University
Innovation Capital
(1 Investments)
NEC
(1 Investments)
Japan Industrial Partners
(1 Investments)
Electronic Design Automation
Tools
Saki corporation
Industrial Robotics
Digital ICs
NanoBridge Semiconductor
Internet of Things Infrastructure
Market Size
Companies Covered 4,334
Funded Companies 2,028
Total Funding $11.0B
Funding in last 12 months $1.3B
Top Exits
IPOs 474
Acquisitions 136
Company Stage
Unicorns 6
Soonicorns 34
Minicorns 127
Editor Picks 483
Series A+ 539
Series C+ 118
Acqui-Hires 1
Deadpooled 232
Top Cities
Tokyo (744 Rounds, $5.6B)
Minato (156 Rounds, $1.1B)
Top Investors
Mitsubishi UFJ Capital (111
Investments)
SMBC Venture Capital (80
Investments)

4. Japan Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Japan Tech as of December 2020
Japan Tech: Investment Snapshot
4
# Rounds$ Funding
Investment Trend Top Investments (December 2020)*
Saki corporation
(1994, Tokyo, $2.9M)
$2.9M - Seed Nippon Venture Capital
NanoBridge Semiconductor
(2019, Tsukuba, $1.2M)
$1.2M - Series A Japan Industrial Partners
Adgo
(2014, Tokyo, $8.2M)
$550K - Series A
*Shows only the lead Investors

5. Japan Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Japan Tech in December 2020
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
Series E
CAMPFIRE (2011, Tokyo, $29.3M)
Rewards-based crowdfunding platform
Minerva Growth Partners
EARLY STAGE
$550.0K - Series A
Adgo (2014, Tokyo, $8.2M)
AI-enabled social media ad campaign management
platform for advertisers
EARLY STAGE
$1.2M - Series A
NanoBridge Semiconductor (2019, Tsukuba,
$1.2M)
Provider of circuits and IP-licensing solutions
Japan Industrial Partners, NEC
SEED STAGE
$2.9M - Seed
Saki corporation (1994, Tokyo, $2.9M)
Automated Optical Inspection systems developer
Nippon Venture Capital, Kyoto University Innovation
Capital

6. Japan Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Japan Tech in December 2020
Japan Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Japan Industrial Partners
1 portfolio companies | Private equity fund focused on corporate carve-outs
NanoBridge Semiconductor
Provider of circuits and IP-licensing solutions
$1.25M Series A

7. Japan Tech - December 2020 Copyright © 2021, Tracxn Technologies Private 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.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- B2C Hyperlocal Delivery $110M 1 Line Man | $110M | Series D
2 ▲4 Self Driving Cars $92.3M 1 Tier Ⅳ | $92.3M | Series B
3 -- Lithium Ion Batteries $74.3M 1 APB | $74.3M | Series C
4 -- Construction Field Management Software $56.3M 2 Andpad | $37.4M | Series C
5 ▲51 Construction Operations Management Platform $56.3M 2 Andpad | $37.4M | Series C
6 ▲21 Construction Project Management Software $56.2M 2 ANDPAD | $37.3M | Series C
7 ▼-3 Warehouse Automation $50.0M 1 Geek+ | $50.0M | Series C
8 ▼-3 Warehouse Automation Tools $50.0M 1 Geek+ | $50.0M | Series C
9 ▲32 Internet First Reloadable Prepaid Card Issuers $45.0M 1 Kyash | $45.0M | Series C
10 ▲19
Security & Surveillance Technology > PIAM > Secured
Entry Control > Smart Lock
$33.0M 2 Photosynth | $33.0M | Series C

8. Japan Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Japan Tech in December 2020
Japan Tech: Analyst Picks
8
Upgraded to MINICORN
Saki corporation (1994, Tokyo, $2.9M, Seed)
Automated Optical Inspection systems developer
Kyoto University Innovation Capital,Nippon Venture
Capitaland
Upgraded to MINICORN
NanoBridge Semiconductor (2019, Tsukuba,
$1.2M, Series A)
Provider of circuits and IP-licensing solutions
Japan Industrial Partners,NECand
Added to Editor's Pick
Moneytree (2012, Tokyo, Undisclosed, Series C)
App-based personal financial data aggregation
platform for individuals and businesses
Mizuho Bank, Stone & Chalk, Mastercard and 15 other
Investors
Added to Editor's Pick
Locarise (2013, Chiyoda-ku, Undisclosed, Seed)
Instore Retail Analytics Solution
Fluxus Ventures,Orange Fab Asia,Open Network
Laband
Added to Editor's Pick
Jin-Magic (2009, Tokyo, Undisclosed, Seed)
Cloud-based routing software provider
Orange Fab Asiaand
Added to Editor's Pick
Couger (2006, Shibuya, Unfunded)
Integrated autonomous technology platform

9. Japan Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
22 Dec 2020
Yappli (2013, Minato, $30.7M)
Solutions for the development of mobile applications
$0.0B TYO:4168
25 Dec 2020
Towa High System (1978, Noda, )
Provider of an electronic medical record and administrative
software for dentists
$0.0B TYO:4172
25 Dec 2020
FunPep (2013, Shibuya, )
Developer of peptide-based therapeutic solutions for the treatment
of skin disorders
$0.0B TYO:4881
18 Dec 2020
Kokopelli (2007, Chiyoda-ku, )
Accounting and credit modelling solutions provider
$0.0B TYO:4167
28 Dec 2021
Kringle Pharma (2001, Ibaraki, $32.1M)
Developer of recombinant protein drugs for neuro, renal and
oncology disorders
$5.6M TYO:4884
22 Dec 2020
WealthNavi (2015, Tokyo, $130M)
Automated asset management platform
$0.0B TYO:7342
17 Dec 2020
Cacco (2010, Tokyo, $5.3M)
Remittance fraud detection, settlement consulting and statistical
analysis
$0.0B TYO:4166
17 Dec 2020
PLAID (2011, Tokyo, $30.7M)
Customer experience and behavior analytics solutions
$0.0B TYO:4165
17 Dec 2020
Betrend (2000, Minato, )
CRM, mobile marketing, and loyalty solutions for restaurants
$0.0B TYO:4020
16 Dec 2020
Balmuda (2003, Musashino, )
Internet first brand offering home appliances
TYO:6612
IPOs
List of IPOs in Japan Tech in December 2020
Japan Tech: IPOs
9

10. Japan Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Japan Tech in December 2020
Japan Tech: Acquisitions
10
Acq. Date Company Acquirer Deal Size
03 Dec 2020
Photonic Lattice(2002, Sendai)
Developer of 3D photonic crystals
photron.co.jp

11. Japan Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Japan Tech in December 2020
Japan Tech:News
11
Exit News
.
● Nvidia Takes Arm Off SoftBanks’ Hands in $40B Deal sdx.io
.
● Hyundai Motor to buy controlling stake in US robot firm from SoftBank Reuters
.
● NEC finalises acquisition of Avaloq privatebankerinternational.com
.
● SoftBank to apply for IPO of blank-check acquisition vehicle in US Nikkei
.
● Olympus Grows Respiratory Portfolio with Acquisition of Veran Medical
Technologies, Inc. ACN Newswire
.
● Japan mulls merging ANA and Japan Airlines International Finance
.
● NTT DATA Services To Acquire Hashmap AiThority
.
● Olympus announces acquisition of FH ORTHO, an international orthopedics
company in France ACN Newswire
.
Fund News
.
● SoftBank pulls investment from Credit Suisse funds Livemint
● Ad agency Dentsu to slash 6,000 jobs from overseas operations Nikkei
.
● Catalent Appoints Minakuchi Facility GM Contract Pharma
.
● Tokyo Stock Exchange chief to resign over October system crash Nikkei
.
● Tokyo Stock Exchange CEO quits over October shutdown Dhaka Tribune
.
● Tokyo Stock Exchange CEO Quits Over October Shutdown International Business
Times
.
Company News
.
● HORIBA Medical receives FDA clearance and Health Canada clearance for the
Yumizen C1200 clinical chemistry sys... CNW
.
● Canon Medical Receives FDA Clearance for Compressed SPEEDER for 3-D
Exams on 1.5T MR Imaging Technology News
.
● Canon Medical Receives FDA Clearance for Compressed SPEEDER for 3D
Exams on 1.5T MR, Enabling High-speed MR Imaging Business Wire

12. Japan Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about Japan Tech on Tracxn Platform
Japan Tech: Explore more on Tracxn Platform
12
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 InMobi
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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