Monstar Lab Procures Total Capital of 2.4 Billion Yen
Monstar Lab, Inc., a Japanese digital development agency that engages in digital product planning, development, and management, with IT engineers and creators located throughout the world, has procured a total capital of approximately 2.4 billion yen between July 2018 and January 2019, from the third-party allocation of new shares with underwriters such as Fenox Venture Capital, DG Incubation, Inc., and SIGMAXYZ Inc., as well as funding from The San-In Godo Bank, Ltd., etc. Along with capital participation, Monstar Lab has also formed a business alliance with SIGMAXYZ.
With the procurement of this capital, Monstar Lab will drive M&As in Europe and the U.S., strengthen structures within the Asian countries, and expand its digital development businesses in the world’s three major economic zones: Europe, Asia, and the U.S.
Purpose of Increasing Capital
This capital was procured in order to drive M&As in Europe and the U.S., strengthen structures within the Asian countries, and develop Monstar Lab businesses in the world’s three major economic zones, including Europe as it is currently (Denmark, U.K., the Netherlands, Czech Republic, Germany, Ukraine) and Asia (Japan, Singapore, China, the Philippines, Vietnam, Bangladesh, Thailand).
Monstar Lab will also use this opportunity to support the global development of Japanese companies (localization and marketing), and implement cutting-edge technologies, digital products, etc. from overseas markets.
Background Behind Business Alliance with SIGMAXYZ
This business alliance was formed on the idea that the two companies could generate new value for their clients, through the seamless combination of SIGMAXYZ’s business consulting and digital transformation knowledge, and Monstar Lab’s digital product development. The companies will also consider going into R&D in new technological fields in the future.
Comment from SIGMAXYZ
Of the business alliance, Shunichi Shibanuma, Managing Director of SIGMAXYZ, said, “Changes in our business environment have been accelerating, and it has become very important for us to be able to select app development methods suited to our purposes, and in general speed up our development process. By combining our consulting ability with Monstar Lab’s high-level development skills and global network, we aim to drive even more powerful digital transformations for our clients.”
About SIGMAXYZ Inc.
Location: Toranomon Towers Office 9F, 4-1-28 Toranomon, Minato-ku, Tokyo
Date Established: May 9, 2008
Paid-In Capital: 2.82 billion yen
Representative: Hideki Kurashige, Representative Director and Chairman
Business Areas: Consulting services to support corporate digital transformation, new business development, business investment and operation