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TRACXN MONTHLY REPORT
SEPTEMBER 2021
JAPAN TECH

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Japan Tech - September 2021 Copyright © 2021, 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 11
Acquisitions 12
Recent News 13

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Japan Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Japan Tech Snapshot – September 2021
Japan Tech: Snapshot – September 2021
Note : "Investors" refers to "Institutional Investors" only
3
$572M
5 2
Overall Geo Stats
13
2
25
8
6
Funding Rounds $ Invested Analyst Picks
Spiber Upgraded to
UNICORN
New Investors
zeeprime.com
Coinbase Ventures
Series A+ rounds Active Investors IPOs
ROBOT PAYMENT
mobiles
Acquisitions
Paidy#@
Codeal#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Tokyo
(2 Rounds, $248M)
Yamagata
(1 Rounds, $313M)
Nihombashi-hamacho
(1 Rounds, $313M)
Shibuya
(1 Rounds, $313M)
$313M - Series E
Spiber (2007, Yamagata, $424M)
$230M - Series F
Smart News (2012, Tokyo, $410M)
$18M - Series A
Orca (2020, Tokyo, $18M)
$11.8M - Series C
Prism Biolab (2006, Yokohama, $11.8M)
DBJ Capital
(1 Investments)
Fidelity Investments
(1 Investments)
The Carlyle Group
(1 Investments)
Mobile Internet Capital
(1 Investments)
Advanced Materials
Spiber
Fashion Tech
Internet First Media
Smart News
Cryptocurrencies
Orca
Market Size
Companies Covered 4,949
Funded Companies 1,827
Total Funding $11.4B
Funding in last 12 months $2.0B
Top Exits
IPOs 320
Acquisitions 121
Company Stage
Unicorns 7
Soonicorns 37
Minicorns 137
Editor Picks 538
Series A+ 478
Series C+ 99
Acqui-Hires 1
Deadpooled 224
Top Cities
Tokyo (657 Rounds, $5.8B)
Minato (148 Rounds, $1.3B)
Top Investors
Mitsubishi UFJ Capital (105
Investments)
JAFCO (80 Investments)

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Japan Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Japan Tech as of September 2021
Japan Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (September 2021)*
Spiber
(2007, Yamagata, $424M)
$313M - Series E The Carlyle Group
Smart News
(2012, Tokyo, $410M)
$230M - Series F Princeville Capital
Orca
(2020, Tokyo, $18.0M)
$18.0M - Series A Three Arrows Capital
Prism Biolab
(2006, Yokohama, $11.8M)
$11.8M - Series C Daiwa Corporate Investment
*Shows only the lead Investors

5.
Japan Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Japan Tech in September 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
$11.8M - Series C
Prism Biolab (2006, Yokohama, $11.8M)
Japanese, clinical stage biotech developing small
molecule therapeutics for cancer and fibrotic diseases.
Daiwa Corporate Investment, DBJ Capital, Newton
Biocapital, Gemseki
LATE STAGE
$230.0M - Series F
Smart News (2012, Tokyo, $410.2M)
Personalized news discovery platform
Princeville Capital, Woodline Partners, JIC Venture
Growth Investments, ACA Investments, Sumitomo
Mitsui Banking Corporation, and 1 more
LATE STAGE
$312.6M - Series E
Spiber (2007, Yamagata, $424.0M)
Provider of sustainable fabric materials
The Carlyle Group, Cool Japan Fund, Fidelity
Investments, Baillie Gifford
EARLY STAGE
$18.0M - Series A
Orca (2020, Tokyo, $18.0M)
Online exchange platform for cryptocurrencies
Jump Capital, , Polychain, Solana, Sino Global Capital,
and 4 more
EARLY STAGE
Series A
Aerodevelop Japan (2018, Nihombashi-hamacho,
$448.6K)
Developer of hybrid engine for drones operating in
manufacturing and logistics sectors
SEED STAGE
Seed
amptalk (2020, Shibuya)
Platform offering software to analyze sales
conversations
Genesia Ventures, Mobile Internet Capital

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Japan Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Japan Tech in September 2021
Japan Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
zeeprime.com
1 portfolio companies |
Orca
Online exchange platform for cryptocurrencies
$18.00M Series A
Coinbase Ventures
61 portfolio companies | Venture capital firm investing in early-stage
cryptocurrency & blockchain startups
Orca
Online exchange platform for cryptocurrencies
$18.00M Series A
Three Arrows Capital
12 portfolio companies | Funds based investment management firm
Orca
Online exchange platform for cryptocurrencies
$18.00M Series A
Polychain
69 portfolio companies | Protocol level token oriented investment fund.
Orca
Online exchange platform for cryptocurrencies
$18.00M Series A
Collab
8 portfolio companies | Limited information available
Orca
Online exchange platform for cryptocurrencies
$18.00M Series A
y-n10.com
1 portfolio companies | Yamauchi No.10 Family Office
Smart News
Personalized news discovery platform
$230M Series F
DeFiance Capital
20 portfolio companies | Venture capital firm investing in decentralised finance
startups
Orca
Online exchange platform for cryptocurrencies
$18.00M Series A
Sino Global Capital
8 portfolio companies | Venture capital firm investing in blockchain tech sectors
Orca
Online exchange platform for cryptocurrencies
$18.00M Series A
Gemseki
1 portfolio companies | Provider of drug discovery services
Prism Biolab
Japanese, clinical stage biotech developing small molecule therapeutics
for cancer and fibrotic diseases.
$11.80M Series C
Woodline Partners
10 portfolio companies | Equity-strategy focused hedge fund
Smart News
Personalized news discovery platform
$230M Series F

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Japan Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Japan Tech in September 2021
Japan Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Jump Capital
107 portfolio companies | Venture capital firm focused on multiple sectors
Orca
Online exchange platform for cryptocurrencies
$18.00M Series A
Solana
4 portfolio companies | Protocol blockchain based on proof of history and proof
of stake consensus mechanism
Orca
Online exchange platform for cryptocurrencies
$18.00M Series A
Princeville Capital
13 portfolio companies | Growth stage tech companies focused PE firm
Smart News
Personalized news discovery platform
$230M Series F

8.
Japan Tech - September 2021 Copyright © 2021, 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.
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Rank Business Model $ Funding # Rounds Top Funding Round
1 -- Bio Based Textile Materials $313M 1 Spiber | $313M | Series E
2 -- Non-Invasive Blood Glucose Monitoring Devices $182M 1 PHC Holdings | $182M | Series D
3 -- Life Sciences Research Platforms & Tools $182M 1 PHC Holdings | $182M | Series D
4 -- HRMS for Enterprises $142M 1 SmartHR | $142M | Series D
5 -- Bio Composites $124M 1 LIMEX | $124M | Series D
6 ▼-5 Internet First Point of Sale Financing $120M 1 Paidy | $120M | Series D
7 -- POS Payment Hardwares $66.0M 1 NETSTARS | $66.0M | Series A
8 ▲9 Crypto Banks $61.6M 1 Dicalet | $61.6M | Series C
9 -- Space Debris Removal Services $51.0M 1 Astroscale | $51.0M | Series E
10 --
Healthcare IT > Value Based Care > Care Coordination >
Care Planning & Management > Elderly
$50.0M 1 Allm | $50.0M | Series A

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Japan Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Japan Tech in September 2021
Japan Tech: Analyst Picks
9
Upgraded to UNICORN
Spiber (2007, Yamagata, $5.3M, Series A)
Provider of sustainable fabric materials
Baillie Gifford, Shinsei Bank, GOLDWIN and 3 other
Investors
Upgraded to MINICORN
Orca (2020, Tokyo, $18.0M, Series A)
Online exchange platform for cryptocurrencies
Jump Capital, Coinbase Ventures, Solana and 6 other
Investors
Added to Editor's Pick
Emeradaco (2016, Chiyoda-ku, $1.8M, Seed)
Investment Platform for SMEs
D4V, IDEO, Genuine Startups and 1 other Investors
Added to Editor's Pick
SocialGood (, Chiyoda-ku, Unfunded)
App-based platform offering crypto cashback for online
shopping
Added to Editor's Pick
Fish (2018, Ashiya, Unfunded)
Provider of Artificial Intelligence-based fish species
identification solutions
Added to Editor's Pick
3DOM (2014, Yokohama, Unfunded)
Manufacturer of lithium batteries

10.
Japan Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Japan Tech in September 2021
Japan Tech: Analyst Picks
10
Added to Editor's Pick
Wayfarer (2019, Shibuya, $1.3M, Seed)
Cloud-driven hotel operations management platform
Pegasus Capital Advisors,Maximilian Arculliand
Added to Editor's Pick
25 Holdings (2015, Singapore, Unfunded)
Online retailer offering multi-category pet care
products
Keio Innovation Initiativeand

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Japan Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
28 Sep 2021
ROBOT PAYMENT (2000, Shibuya, )
Payment collection solutions for subscriptions
$0.1B TYO:4374
02 Sep 2021
mobiles (2011, Shinagawa, )
Developer of AI-powered chatbots for customer support assistance
$0.1B TYO:4370
IPOs
List of IPOs in Japan Tech in September 2021
Japan Tech: IPOs
11

12.
Japan Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Japan Tech in September 2021
Japan Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
07 Sep 2021
Paidy(2014, Tokyo, $281.2M)
App-based lending platform for purchase financing
PayPal $2730.9M
27 Sep 2021
Codeal(2015, Chiyoda-ku)
Online job board for multiple industries
CrowdWorks

13.
Japan Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Japan Tech in September 2021
Japan Tech:News
13
Exit News
.
● PayPal acquires Japanese ‘buy now, pay later’ service Paidy Silicon Republic
.
● Toyota Buys Software Firm Renovo To Accelerate Self-Driving Tech
Development Carandbike
.
● Woven Planet buys Renovo to improve autonomous vehicle software The Robot
Report
.
● Dialog now officially part of Renesas Evertiq
.
● Japan's Phc Announces $1.8 Billion Ipo On Tokyo Bourse Nihon Keizai Shimbun
.
● LG Energy Solution acquires NEC Energy Solutions poandpo.com
.
People News
.
● PHC Holdings Limited: Appointment of Mr. William Donnelly and Mr. Ivan
Tornos as independent outside directors Business Wire
.
● Attabotics Appoints Cyra Richardson, Former Microsoft and Amazon Executive
and Leader, as CTO and CPO; Adds Fo... Financial Post
.
● China's NetEase in Talks to Hire Creator of Sega Yakuza Series BloombergQuint
Company News
.
● Another Eisai, Biogen Alzheimer’s drug is filed for speedy FDA review MedCity
News

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Japan Tech - September 2021 Copyright © 2021, 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 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

15.
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