Japan’s Oneteam bags $1.7m series A investment to take on existing chat apps

Japanese communication app Oneteam has snapped a $1.7 million series A funding from Tokyo-based Nissay Capital Co Ltd, through new shares allocation.

The firm will use the fresh funds to hire talent to fuel its growth plans.

The investment comes just a year after its inception (February 2015) and follows seed funding from Cyberagent Ventures in May last year even before the startup launched its closed beta testing.

“Oneteam plans to use this fund to enhance recruiting activities for rapid service development of their new business collaboration platform “Oneteam”, and to reinforce marketing functions for business expansion to Southeast Asian countries, as well as to strengthen their business fundamentals,” the company said, in the latest statement.

Oneteam is now released to the limited customers mainly in Southeast Asia under its closed beta initiative, starting from January 12. But the Japanese startup said it will establish overseas business bases, accelerating its global expansion.

Next month, the platform will be published as an open beta version.

Oneteam’s founder, Akira Sasaki, used to be with Recruit Holdings as business development manager in Southeast Asia. His expertise in the region helped the business collaboration platform expand quickly in the area from day one even as it was incorporated in Japan.

Some 85 per cent of its clientele are companies outside of the country and mostly based across Southeast Asia, according to a Tech in Asia report.

By securing the $1.7 million venture money, Oneteam declares to take on other chat apps like Slack, Convo, Flowdock and Chatwork, which has also recently secured series B funding worth $12.8 million. Among a bunch of various cloud tools for communication, some can be inefficient due to cross information, and Oneteam aims to tackle this issue.

“Realising topic-based, real-time discussions and coordination with multiple cloud services and cross-searchability, Oneteam enables unification of communication in a company and contributes to increasing the productivity of the companies by optimising communication,” it said.

While such applications as Slack and Flowdock are meant for engineers, Oneteam develops tool for non-engineer professionals.

“Slack and Flowdock manage flowing information, so engineers can talk [in a] real-time conversation. However, non-engineers cannot confirm information in real-time since they often move from their seat to have negotiations with their customers. Thus, we think [people] need a new communication tool [where] they can discuss in topics,” a representative from Oneteam named Yohei Miyasaka told Tech in Asia.

The app also provides the profile sharing function, enabling a team to know each other better.

Also read: Top global banks encrypt their communications with venture-backed Symphony’s app

Eko raises $5.7m for messaging platform in Series A round led by Gobi Partners

Singapore-based enterprise messaging service startup Pie raises $1.2m Series A round

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.