Thursday, 24 April 2025
26.8 C
Singapore
29.9 C
Thailand
19.5 C
Indonesia
28.8 C
Philippines

matsuri technologies Inc secures $8.65 million for tourism growth

matsuri technologies Inc secures US$8.65 million in Series D funding to expand their innovative StayX solution and boost Japan’s tourism industry.

matsuri technologies Inc, a leading software provider in Japan, has successfully completed a Series D funding round, raising 1.34 billion JPY (approximately US$8.65 million). The company, headquartered in Shinjuku-ku, Tokyo, and led by founder and CEO Keita Yoshida, is known for its innovative solution StayX, which transforms single-use rooms into versatile, multi-use spaces.

New investments to boost tourism and technology

The funding round drew significant interest from both new and existing investors. Among the new investors, Vertex Ventures Southeast Asia & India (VVSEAI) played a pivotal role, alongside other prominent Japanese investors. matsuri technologies Inc. plans to leverage this new influx of capital to expand its software capabilities, grow its facility network, and enhance its workforce. The primary goal is to accelerate StayX’s growth and expand its impact on Japan’s tourism sector, which is nearing pre-pandemic visitor levels.

Tourism in Japan has shown remarkable recovery signs, with the Japan National Tourism Organization reporting that the number of inbound tourists might reach 25 million by 2023. The private accommodations sector, in particular, has seen significant growth. matsuri technologies Inc’s strategy involves using the new funds to improve its software solutions, expand its operations, and boost recruitment to sustain and accelerate this growth. Furthermore, the company has plans for international expansion in the near future.

A strategic partnership for regional growth

Nikhil Marwaha, Senior Executive Director at Vertex Ventures Southeast Asia & India, expressed enthusiasm about the partnership, stating, “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 addition to funding, matsuri technologies Inc is actively seeking talented individuals to fill various roles within the company, aligning with their vision to become the future real estate platform. This initiative is part of their broader strategy to enhance their operational capabilities and respond to the increasing demand in the tourism sector.

Hot this week

OpenAI looked at Cursor before moving to buy Windsurf for US$3B

OpenAI tried to buy Cursor creator Anysphere before turning to Windsurf for US$3B, showing its urgency to lead AI code generation.

Chinese tech companies race to expand AI services using new open-standard protocol

Chinese tech firms race to adopt MCP, boosting AI agent use and shaping the future of smart services in payment, maps, and cloud tools.

AMD optimizes models for faster generative AI performance with Amuse 3.0

AMD announces optimised models for faster AI performance with Amuse 3.0, featuring enhanced photo filters, video diffusion, and more.

OpenAI introduces powerful new AI models with advanced image reasoning

OpenAI’s new o3 and o4-mini AI models bring powerful image reasoning and full tool access to ChatGPT Plus, Pro, and Team users.

GitLab announces general availability of GitLab Duo with Amazon Q

GitLab announces the general availability of GitLab Duo with Amazon Q, combining DevSecOps and AI to accelerate secure software development.

POCO launches entry-level C71 smartphone in Singapore with premium features

POCO launches the budget-friendly C71 smartphone in Singapore, offering premium design, enhanced cameras, and smooth performance at S$109.

NVIDIA uses AI to address climate, wildlife and disaster risks

NVIDIA’s AI tools support climate action, wildlife monitoring, and disaster risk mitigation, with uses spanning sea, land, sky and space.

Netflix raises subscription prices in Singapore again

Netflix again raises subscription prices in Singapore, with new rates for all plans and extra member slots.

GameMax unveils Blade Concept ATX case with bold design and powerful features

GameMax launches the Blade Concept ATX case, which features a striking blade design, RGB lighting, and support for high-end liquid-cooled PC builds.

Related Articles

Popular Categories