Future Creation Fund, others back Japan’s Sansan in $38m series D round

REUTERS/Dado Ruvic

Japanese cloud-based business card management services Sansan Inc has raised $38 million in its series D round which saw participation from new investor Future Creation Fund of the Sparx Group,  which is backed by Toyota Motor Corp, and Sumitomo Mitsui Banking Corp (SMBC)

Existing investors DCM Ventures, and cloud-based customer relationship management (CRM) platform Salesforce.com also joined in the round.

“This new round of funding will support Sansan Inc’s aggressive growth into new cities in Asia, including India, and extend its market dominance through its business card management services for professionals and corporates,” Sansan said, in its statement.

Founded in 2007, Sansan has focused on delivering its cloud-based contact management service to customers in Japan and overseas. It is currently based in Tokyo and has its subsidiary Sansan Global Pte Ltd in Singapore since October 2015.

The latest funding is the largest amount raised by the company till date. This brings the total funding to $76 million of which around 40 per cent has come from investors outside of Japan.

The company is also looking to accelerate its business card management service for corporate users and organisations, and launching the English version of its Social Network Service or SNS to help professionals digitalise and manage their business cards data.

Sansan said, its business card management service users include the Japanese Government (METI), Intel, Japan Post, Mizuho Bank, SAP, Seven & i Holdings, Sumitomo Mitsui Banking Corporation, Tokyo Gas, and Toyota.

The company expanded into Singapore in October 2015 and currently works with Singapore-based clients such as Ngee Ann Polytechnic.

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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.