Japan: Psychic VR Lab and Planet Table secure funding

Temple in Kiyomizu,Japan. Credit:Flickr/Caribb

Latest in the Japanese startup ecosystem saw Psychic VR Lab secure funding from 6 angel investors while Planet Table closed a $4 million Series B round.

Psychic CR Lab closes angel round

Virtual reality applications developer Psychic VR Lab has closed a funding round from 6 angel investors. These include Tadasu Nakamura, Nobuhiko Watanabe (professor, Graduate School of Project Design), Akira Takashima (consultant, eBook Initiative Japan) and Tetsufumi Takimoto (angel investor / visiting associate professor, Kyoto University). The identity of the two remaining investors remains undisclosed.

It was announced that Nakamura was appointed to Psychic VR Lab’s Board of Directors and Watanabe as VR tech-advisor. After working for Nomura Securities, Nakamura had previously established a 30 billion yen (approx. USD$300 million) fund for internet businesses as the president of Hikari Tsushin Capital.

Psychis CR Lab was founded in 2007 and was previously known as Ozmiq. The startup is currently developing Styly, a VR-based shopping platform devoted to fashion. The firm intends to focus the newly acquired liquidity on managing resources for the development of the product.

An estimated 30 fashion brands and outlets are expected to test Styly in the near future, including the Shinjuku branch of Isetan (a Japanese department store).

Planet Table raises $4m through Series B

Food tech innovator Planet Table has secured a $4 million Series B investment from SBI Investment. The round also saw from participation Genuine Startups and Mistletoe. This follows a previous Series A funding round in January 2016 which saw the startup raise USD$850 thousand from CyberAgent Ventures and Saison Ventures.

Planet Table specializes in food delivery to professionals and aims to use big data science in order to optimize supply and demand chains by connecting farmers and restaurants directly, in order to limit food wastage. Their platform “Send” has reached around 1000 restaurants and 3000 producers since its launch in 2015

The newly secured funding will be used to establish a new distribution center in Tokyo named “Gate Meguro”, as well as constructing a new logistics model. Additionally, the firm aims to increase its employee-base in the next year from the current 20 to about 35. Planet Table has upgraded from one truck in 2015 to a current 8.

Also Read:

Japan Digest: Paidy raises $15m Series B; Abeja secures $5m funding

Startup Digest: Tencent partners AppsFlyer, 500 Startups invests in WaHome, SmartBite closes strategic investment

China Digest: LeEco to invest $3b in auto plant; Alibaba-HTC in VR partnership

Japan Digest: Fast Japan secures $2.5m in seed funding; Fuller raises $4.2m

Japan Dealbook: Raksul secures $20m, Eisai partners Mamorio to treat dementia

 

 

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.