Monstar Lab Raised A Total Funding of 4.2 Billion JPY
Aug 07, 2020
Tokyo, Japan – Aug 7, 2020 – Monstar Lab, a digital development agency with a focus on cutting-edge IT engineering and design, has raised a total of approximately 4.2 billion JPY in their latest funding round ending July 2020, through the third-party allocation of new shares with underwriters such as Japan Post Capital Co.,Ltd., Dentsu Innovation Partners Inc. and a Saudi Arabian investor as well as other venture capital, operating companies, existing shareholders and financial institutions.
Underwriters of this financing
The seven main inventors that underwrote the capital increase were as follows
- Japan Post Capital Co.,Ltd.,
- Dentsu Innovation Partners Inc.
- Alpha Al Imteyaz Co. Limited Liability Company
- Serverworks Co., Ltd.
- FFG Venture Business Partners, Inc.
- Skylight Consulting Inc.
Comment from Japan Post Capital
Shimpei Higuchi, Managing Director of Japan Post Capital, said, “With the diversification of consumer behavior and the penetration of digital devices, the trend to realize digital transformation is in full swing, and digital transformation is becoming an inevitable need for all companies to respond to the new behaviors of the COVID-19 epidemic. With its strength in agile development capabilities and global network, Monstar Lab’s ability to deliver value quickly and continuously makes it a leading player in the digital transformation era. I look forward to continued growth under the strong management team led by the CEO: Hiroki Inagawa.”
Comment from Dentsu Innovation Partners in charge of managing Dentsu Digital Investment Limited Partnership
Junichiro Kubota, CEO of Dentsu Innovation Partners, said, “The Dentsu Group is feeling the growing demand of its clients for the digital transformation of their businesses. By combining the knowledge and expertise of Group companies such as Dentsu, Dentsu Digital and Dentsu Isobar with the planning, design and development capabilities of Monster Lab’s extensive experience, we will establish a competitive advantage and enhance our presence, mainly in the areas of application development and digital transformation.
Comment from Serverworks
Ryo Ooishi, CEO of Serverworks, said, “In recent years, as the ICT environment has become increasingly diverse and complex, it has made it difficult for a single company to respond to customer needs by itself. We have already formed a business and capital alliance with Monstar Lab, which has solid digital product development capabilities and a global footprint. We sincerely welcome this capital increase as it is expected to further accelerate the company’s business momentum. We aim to achieve sustainable growth with our customers by working together to support their diversifying needs and contribute to their digital transformation.”
Comment from FFG Venture Business Partners
Satoru Fukuda, CEO of FFG Venture Business Partners, said, “We are very pleased to be a new investor in Monstar Lab. Monstar Lab, with high quality digital consulting capability using the most advanced technology, is the best partner for their clients’ digital transformation departments. We hope that this funding will further strengthen its position as the world’s leading global sourcing company.”
Comment from Skylight Consulting
Toshiki Habutsu, CEO of Skylight Consulting, said, “We have started a collaboration with Monstar Lab by combining the strengths of both Monstar Lab and Skylight Consulting. In the ’Enterprise digital transformation Implementation and Promotion’ space, we aim to propose and implement better digital transformation solutions for our clients. In the area of acceleration and growth support for start-ups, we are working to identify and support start-ups with ambitions for growth, including overseas expansion. We look forward to further collaboration and higher value in the future.”
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