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