APAC Digest: Japan’s Middlefield & BoostIO, Korea’s Open Gallery raise funding

REUTERS/Yuriko Nakao

Middlefield and BoostIO in Japan and Open Gallery in South Korea have closed new rounds of venture funding.

Middlefiled raises $2.25m in growth funding

Tokyo-based MiddleField, a firm founded in December 2015 which operates automotive parts database website Garage, has raised JPY 250 million ($2.25 million) from Femto Growth Fund 2.0, which is managed by Femto Growth Capital. The firm is led by general partner Tetsuya Isozaki.

The firm is a graduate of the Asahi Shimbun Accelerator Program.

Garage provides information about automotive parts across a number of categories; users can select car models on the website which display information about various parts of the car. Currently, it covers 1,500 brands and has tied up with 300 shops that deal with attachable aftermarket parts.

Besides providing auto parts information, it also acts an intermediary between purchasers and shops that support mounting work.

Boostnote rebrands to BoostIO, raises funding

Fukuoka-based Maisin & Co., which is the developer behind open source programmer tool Boostnote, has rebranded to BoostIO after raising an undisclosed sum from Japanese seed round-focused startup funds Anri and F Ventures, along with a group of angel investors.

The firm’s co-founders are CEO Kazumasa Yokomizo and CTO Choi Junyoung.

According to an account by The Bridge, the six angel investors that backed the round includes a number of key executives in Fukuoka’s startup ecosystem. Boostnote offers native apps for platforms that include Macintosh, Windows, Linux, Android and iOS.

It allows system developers to save and share their source codes online and maintains an international community with a reported 82 per cent of its user community based outside Japan across more than 200 countries.

Open Gallery raises $3.8m

South Korea’s artwork rental service Open Gallery has raised 4 billion won (~$ 3.8 million) in funding from KDB Infra IP Capital Fund and IBK Capital. Proceeds from the latest round will be used to accelerate its growth.

The venture raised a seed round estimated at $2 million from LB Investments in September 2015 and an undisclosed amount from Naver in January 2017.

Open Gallery connects South Korean artists with the public through its online rental and sale platform. Customers can select an artwork which is then installed in their residence. This installed piece can then be exchanged for a new artwork every three months.

Also Read:

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APAC Digest: Scooterson to set up SG centre post fundraise; ACK backs Reviver Auto

Enterprises from China, Japan and S Korea turn net acquirers of startups in APAC

APAC Digest: Korea’s Security Platform & HK-based Brinc raises funding

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.