matsuri technologies Inc Secures JPY 1.34 Billion in Series D Funding to Capitalise on Thriving Tourism in Japan

The funding round includes Vertex Ventures Southeast Asia & India and other renowned investors from Japan.

Singapore, 13 June 2024 – matsuri technologies Inc* (“matsuri”), the software-driven provider of StayX, a comprehensive solution that converts single use rooms into multiple use, announced the successful closing of its Series D round, securing JPY 1.34B (estimated USD 8.65M*). Headquartered in Shinjuku-ku, Tokyo, matsuri is led by CEO and Founder, Keita Yoshida.

The latest round welcomed new investors including Vertex Ventures Southeast Asia and India ("VVSEAI"), and other renowned investors in Japan. Existing investors also participated in this round.

With the new funding and strategic investors on-board, matsuri believes that new business partnerships and alliances will be forged. The company plans to use the new funds to enhance their software offerings, increase the number of facilities and invest in talent to accelerate StayX’s business growth and enhance the development of a tourism-oriented country. In the near future, matsuri also plans to use the new funding for overseas expansion plans.

Tourism in Japan is on track to recover to almost pre-pandemic levels as the number of inbound visitors increase significantly, reaching a total of 25 million in 2023[1]. The tourism sector isn’t the only industry witnessing strong levels of revival as the private accommodations space has been flourishing too. Given these strong tailwinds, matsuri will utilise the newly acquired funds to enhance their software, increase the number of facilities, strengthen recruitment to accelerate business growth and enhance the development of a tourism-oriented country.

Mr. Nikhil Marwaha, Senior Executive Director, Vertex Ventures Southeast Asia & India shared his delight, remarking, “We are pleased to announce our investment into matsuri technologies Inc, an innovative company operating in Japan's rapidly growing tourism industry (inbound and domestic market). matsuri technologies Inc is an innovative company with a unique business model that meets B2B and B2C consumer needs, establishes longstanding relationships with supply chain partners, and is underpinned by a robust technology platform. By leveraging Vertex Ventures Southeast Asia and India's deep network in SEA, we look forward to partnering with matsuri technologies Inc to accelerate growth within Japan and the wider region.”

In conjunction with the new funding, matsuri is actively seeking talented individuals for various roles, aligning with their goal to become the Future Real Estate Platform.

 

About StayX (powered by matsuri technologies Inc)

Established in August 2016, matsuri technologies Inc is the software-driven provider of StayX. StayX is a software-based solution that maximises the value of unused space. A single space can be flexibly transformed to accommodate a variety of uses.

For example, a rental property that could only be rented out for two years can be transformed into a facility that can be operated on a one-night stay basis or a one-month short-term rental basis.

Its software covers all business aspects, such as attracting customers via the Internet, real-time inventory management, price adjustments, and AI-based janitorial management, enabling unmanned facility operations.

StayX creates a new form of social infrastructure by using the power of software to solve labour shortages caused by a declining population and deliver necessary space to those who need it.

To learn more about StayX, please visit: https://www.stayx.io/
To learn more about matsuri technologies Inc, please visit: https://www.matsuri.tech/en

About Vertex Ventures Southeast Asia and India (VVSEAI)
Vertex Ventures Southeast Asia and India partners with founders who are creating innovative, transformative and scalable businesses. It has a long and strong track record of investing in early-stage startups and building champions like Grab, Patsnap, Nium, FirstCry, XPressBees, Licious, 17LIVE, and others. VVSEAI supports its portfolio companies with unmatched operating experience and deep access to the capital, talent, partners and customers they need to build truly global businesses.

Their recent fifth fund was closed last year at USD 541M and backed by Japan Investment Corporation (JIC). With the recently raised fund, VVSEAI will collaborate with Japanese VCs to support Japanese companies with ambitions to expand into Southeast Asia and India.

 

For more information, please visit: https://www.vertexventures.sg/**

For Media Enquiries**
Bernice Ong, Vertex Holdings
communications@vertexholdings.com

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[1] Japan National Tourism Organization (JNTO)

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