Micoworks, an Osaka, Japan-based tech firm that provides a marketing platform optimizing communication between companies and customers, has raised approximately ¥3.5 billion. The latest funding brings Micoworks' total raised capital to around ¥6.3 billion.
SaaS Investors
Vertex Growth led the round, with new investors including JAFCO Group, Mitsubishi UFJ Capital, SMBC Venture Capital, and Mizuho Capital. Existing investors ALL STAR SAAS FUND and Eight Roads Ventures Japan also participated.
Vertex Growth is a venture capital firm based in Singapore that seeks to make minority later-stage and growth equity investments. Vertex Growth is part of a global network of venture capital funds, which includes Vertex Ventures and Vertex Ventures HC.
Micoworks Use of Funds
The company plans to utilize the funds for the development of product functions and to strengthen its organizational structure for global expansion, especially in the Asian region.
About Micoworks
Micoworks develops and provides marketing platforms "MicoCloud" and "Micomy" that optimize communication between companies and customers. It offers a marketing tool that can be utilized for business categorization based on customer information as well as automates customer interviews, conversation, and reservation flow, enabling clients to plan and develop their processes efficiently. Its marketing platform MicoCloud, utilizes LINE, and Micomy, a LINE mini-app service for restaurants.
Funding Details
Company: Micoworks, Inc.
Raised: ¥3.5B
Round: Series B
Funding Month: December 2023
Lead Investors: Vertex Growth
Additional Investors: JAFCO Group, Mitsubishi UFJ Capital, SMBC Venture Capital, Mizuho Capital, ALL STAR SAAS FUND, and Eight Roads Ventures Japan
Company Website: https://www.micoworks.jp/
Software Category: Marketing
Source: https://www.micoworks.jp/information/3221/