Japan: MUFG invests in Crowd Realty; Refcome raises funding led by Itochu unit

Photographer: Tomohiro Ohsumi/Bloomberg

Japanese startups Crowd Realty and Refcome have secured additional funding.

Crowd Realty raises $3.11m from SBI FinTech Fund, MUFG

Tokyo-based Crowd Realty, which offers real estate-focused crowdfunding platform under the same name, has raised JPY350 million ($3.11 million) from SBI FinTech Fund in addition to three affiliated companies of Mitsubishi UFJ Financial Group (MUFG): The Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Capital, and Kabu.com Securities.

Incepted in December 2014, Crowd Realty raised a seed round from Global Brain in November 2015, followed by an additional round of undisclosed funding from SBI FinTech Fund in December 2016.

Investment proceeds will go towards product development and enhancing the platform. Crowd Realty aims to create a decentralised peer-to-peer (P2P) direct financing system for real estates.

Refcome raises $1.82m venture round

Tokyo-based Refcome, a Japanese referral recruitment platform, has raised JPY 205 million ($1.82 million) in a round led by Itochu Technology Ventures (ITV) with participation from existing investors Beenext, Anri, and Draper Nexus.

Other investors in the firm include Movida Japan, with its last round of funding being a JPY 50 million seed round in October 2016. Investmend proceeds from this round will go towards talent acquisition and marketing, as well as the development of new services.

Founded in March 2014, it launched a web service called Combinator aimed at connecting startups to potential employees and leveraging social graph integration. It pivoted in January 2016 to work on its referral recruitment platform.

The platform is focused on helping companies strengthen their referral recruiting effort and focuses on performance measurement, in addition to providing general ATS (Applicant Tracking System) functions such as a hiring page.

The company claims a month-on-month user growth rate of about 20 per cent. Increasingly, it is also being used by staffing agencies for recruiting part-time corporate workers

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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.