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1. TRACXN MONTHLY REPORT
MARCH 2022
JAPAN TECH

2. Japan Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
Japan Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 7
Top Funded Business Models - last 1 year 9
New Analyst Picks 10
IPOs 11
Acquisitions 12
Recent News 13

3. Japan Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Japan Tech Snapshot – March 2022
Japan Tech: Snapshot – March 2022
Note : "Investors" refers to "Institutional Investors" only
3
$236M
4 1
Overall Geo Stats
11
1
30
5
10
Funding Rounds $ Invested Analyst Picks
SocialGood
Upgraded to
MINICORN
New Investors
Kyushu Electric Power
Block
Series A+ rounds Active Investors IPOs
Mental Health
Technologies
Acquisitions
EBook
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Chiyoda-ku
(4 Rounds, $15.8M)
Minato
(2 Rounds, $6.2M)
Koto
(1 Rounds, $100M)
Miyagi
(1 Rounds, $2.7M)
$100M - Series B
Synspective (2018, Koto, $200M)
$70M - Series B
Terra Drone Corp (2017, Shibuya, $84.2M)
$41.2M - Series D
Kyash (2015, Tokyo, $110M)
$14.2M - Series A
SocialGood (, Chiyoda-ku, $14.2M)
Genesia Ventures
(2 Investments)
JAFCO
(1 Investments)
Mitsui & Co
(1 Investments)
Plug and Play Tech Center
(1 Investments)
Geographic Information Systems
Synspective
NewSpace
SPACE WALKER
Drones
Terra Drone Corp
Payments
Kyash
Market Size
Companies Covered 5,930
Funded Companies 1,969
Total Funding $13.1B
Funding in last 12 months $2.9B
Top Exits
IPOs 339
Acquisitions 138
Company Stage
Unicorns 5
Soonicorns 37
Minicorns 155
Editor Picks 589
Series A+ 516
Series C+ 104
Acqui-Hires 1
Deadpooled 242
Top Cities
Tokyo (668 Rounds, $6.7B)
Minato (150 Rounds, $1.3B)
Top Investors
Mitsubishi UFJ Capital (112
Investments)
Global Brain (91 Investments)

4. Japan Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Japan Tech as of March 2022
Japan Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2022)*
Synspective
(2018, Koto, $200M)
$100M - Series B Sompo Japan
Terra Drone Corp
(2017, Shibuya, $84.2M)
$70.0M - Series B Mitsui & Co
Kyash
(2015, Tokyo, $110M)
$41.2M - Series D Goodwater Capital
SocialGood
(, Chiyoda-ku, $14.2M)
$14.2M - Series A Miyako Capital
SPACE WALKER
(2017, Minato, $4.5M)
$4.5M - Seed
ElevationSpace
(2020, Miyagi, $2.7M)
$2.7M - Seed Genesia Ventures
Meety
(2019, Minato, $1.7M)
$1.7M - Seed HIRAC
DRIPS
(2019, Chiyoda-ku, $1.7M)
$1.0M - Seed
Tensor Energy
(2021, Chiyoda-ku, $606K)
$606K - Seed Genesia Ventures
*Shows only the lead Investors

5. Japan Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Japan Tech in March 2022
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
$41.2M - Series D
Kyash (2015, Tokyo, $110.2M)
Payment cards solution provider
Goodwater Capital, , Altos Ventures Capital, SMBC
Nikko Securities, Greyhound Capital, and 4 more
EARLY STAGE
$14.2M - Series A
SocialGood (, Chiyoda-ku, $14.2M)
App-based platform offering membership-based crypto
cashback for online shopping
Miyako Capital
EARLY STAGE
$70.0M - Series B
Terra Drone Corp (2017, Shibuya, $84.2M)
Provider of services for aerial imaging survey
Mitsui & Co, JOIN, SBI Holdings, Venturelab, TOKYU
LAND, and 2 more
EARLY STAGE
$100.0M - Series B
Synspective (2018, Koto, $199.7M)
Provider of cloud and AI-based satellite imaging data
Sompo Japan, Nomura, Pavilion Capital Partners
SEED STAGE
$605.6K - Seed
Tensor Energy (2021, Chiyoda-ku, $605.6K)
AI-driven platform offering portfolio management
solutions for renewable energy operators
Genesia Ventures
SEED STAGE
$1.0M - Seed
DRIPS (2019, Chiyoda-ku, $1.7M)
Provider of an online platform for dental and
orthodontic treatments under discounts
SEED STAGE
$1.7M - Seed
Meety (2019, Minato, $1.7M)
Online interviewing platform provider
HIRAC, XTech Ventures, ANOBAKA
SEED STAGE
$2.7M - Seed
ElevationSpace (2020, Miyagi, $2.7M)
Manufacturer of AI-based satellites
Genesia Ventures, Plug and Play Tech Center, Tohoku
University Venture Partners, Mirai Creation
Organization, MAKOTO Capital, and 1 more
SEED STAGE
$4.5M - Seed
SPACE WALKER (2017, Minato, $4.5M)
Manufacturer of spacecraft

6. Japan Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Japan Tech in March 2022
Japan Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
SEED STAGE
Seed
Marindows (2021, Chiyoda-ku)
Provider of AI-powered operating systems for marine
applications
Mitsubishi Heavy Industries

7. Japan Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Japan Tech in March 2022
Japan Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Kyushu Electric Power
1 portfolio companies | Power production company
Terra Drone Corp
Provider of services for aerial imaging survey
$70.00M Series B
Block
1 portfolio companies | Introducing Block
Kyash
Payment cards solution provider
$41.20M Series D
SMBC Nikko Securities
1 portfolio companies | Investment management company
Kyash
Payment cards solution provider
$41.20M Series D
ANOBAKA
1 portfolio companies |
Meety
Online interviewing platform provider
$1.65M Seed
Seika Corporation
1 portfolio companies | Manufacturer and supplier of environmental protection
equipments
Terra Drone Corp
Provider of services for aerial imaging survey
$70.00M Series B
JOIN
2 portfolio companies | Infrastructure funds focused on multiple sectors
Terra Drone Corp
Provider of services for aerial imaging survey
$70.00M Series B
TOKYU LAND
1 portfolio companies |
Terra Drone Corp
Provider of services for aerial imaging survey
$70.00M Series B
stepstonegroup.com
13 portfolio companies | An asset management firm
Kyash
Payment cards solution provider
$41.20M Series D
HIRAC
2 portfolio companies | HIRAC FUND
Meety
Online interviewing platform provider
$1.65M Seed
Venturelab
1 portfolio companies | Designer & operator of events and programs for
startups
Terra Drone Corp
Provider of services for aerial imaging survey
$70.00M Series B

8. Japan Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Japan Tech in March 2022
Japan Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Mitsubishi Heavy Industries
5 portfolio companies | Manufactures power systems and discrete products for
multiple industries
Marindows
Provider of AI-powered operating systems for marine applications
Undisclosed Seed

9. Japan Tech - March 2022 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.
9
Rank Business Model $ Funding # Rounds Top Funding Round
1 -- PC and Console Casual Game Developers $883M 1 Nexon | $883M | Series D
2 -- Mobile Mid Core Game Developers $883M 1 Nexon | $883M | Series D
3 -- Bio Based Textile Materials $313M 1 Spiber | $313M | Series E
4 -- HRMS for Enterprises $142M 1 SmartHR | $142M | Series D
5 -- Satellite Based Imaging Services $124M 2 Synspective | $100M | Series B
6 ▲1 Space Debris Removal Services $109M 1 Astroscale | $109M | Series F
7 ▲18 Drone Survey Services $70.0M 1 Terra Drone .. | $70.0M | Series B
8 -- Online Doctor Appointment Booking Platform $69.3M 1 Linc'well | $69.3M | Series C
9 ▼-6 POS Payment Hardwares $66.0M 1 NETSTARS | $66.0M | Series A
10 -- Sleep Disorder Drugs $60.0M 1 Aculys | $60.0M | Series B

10. Japan Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Japan Tech in March 2022
Japan Tech: Analyst Picks
10
Upgraded to MINICORN
SocialGood (, Chiyoda-ku, $14.2M, Series A)
App-based platform offering membership-based crypto
cashback for online shopping
Miyako Capitaland
Added to Editor's Pick
Startbahn (2014, Tokyo, $2.8M, Seed)
Blockchain-driven infrastructure for art distribution &
evaluation
SX Capital, Dentsu Ventures, University of Tokyo Edge
Capital and 2 other Investors
Added to Editor's Pick
Music Visualizer (2021, Meguro, Unfunded)
App-based music player platform
Added to Editor's Pick
Camel (2020, Bunkyo, Unfunded)
Provider of order management solution for food
businesses
ANRI,XTech Venturesand
Added to Editor's Pick
Digital Asset Markets (2018, Chiyoda-ku, $3.1M,
Series A)
Platform offering stablecoins backed by gold and
commodities
Japan Exchange Groupand

11. Japan Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
28 Mar 2022
Mental Health Technologies (2011, Minato, $3.7M)
Platform to improve mental health solution for employees
$0.0B TYO:9218
IPOs
List of IPOs in Japan Tech in March 2022
Japan Tech: IPOs
11

12. Japan Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Japan Tech in March 2022
Japan Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
29 Mar 2022
EBook(2000, Tokyo)
Online ebook library and reading platform
NAVER

13. Japan Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Japan Tech in March 2022
Japan Tech:News
13
Exit News
.
● Coincheck to list on Nasdaq via over $1 billion SPAC merger PageOne
.
● Japanese Crypto Exchange Coincheck Eyes U.S. Listing Via $1.25 Billion SPAC
Deal shareandstocks.com
.
● Coincheck, Inc. – a subsidiary of Japan’s Monex Group – Enters Definitive
Merger Agreement with Thunder Bridge... GlobeNewswire
.
People News
.
● Konica Minolta Business Solutions U.S.A. Promotes Errigo to President and
CEO Wirth Consulting
.
● Logicserve Digital appoints Anand Bhadkamkar as Group CFO & President
Adgully
.
● Dentsu APAC Appoints Chief Technology Officer for Top Technology Adgully
.
● Dentsu India appoints Aalap Desai to lead Taproot Dentsu & isobar Adgully
.
● dentsu Indonesia promotes Aloysia Dian Anggraeni, names first growth lead
MARKETING-INTERACTIVE
.

14. Japan Tech - March 2022 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
14
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 Geek+
Competitors of Spiber
Cap Tables of Smart News
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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