Japan’s wearable walkie-talkie Bonx secures $1.8M for North American expansion

Japan’s wearable walkie-talkie Bonx secures $1.8M for North American expansion

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Tokyo-based Bonx, the Japanese startup developing a wearable walkie-talkie device under the same name, unveiled today its fundraising of 200 million yen (about $1.76 million) from Adways (TSE:2489), Keio Innovation Initiative and Japanese hearing aid manufacturer Rion (TSE:6823) as well as several unnamed individual investors.

With the latest funding, the company has raised a total of 5 million yen (about $4.4 million) to date. They will use the funds to set up a US subsidiary for North American expansion while exploring technological synergies with the investors participating this time around.

Bonx launched a crowdfunding campaign for its first market-ready product back in October of 2015, and subsequently unveiled the second generation called Bonx Grip in December of 2016. The new version sees many improvements in supporting usage environment such as water resistance and wearing comfort.

Given that a recent increased coverage of 3G/4G connectivity in ski resorts or snowy landscapes around the globe, CEO Takahiro Miyasaka expects that more foreign outdoor go-ers will start using the Bonx device to communicate with each others during their leisure and sporting activities.

Given the recent increased coverage of 3G/4G connectivity in ski resorts or snowy landscapes around the globe, CEO Takahiro Miyasaka expects that more foreign outdoor go-ers will start using the Bonx device to communicate with each others during their leisure and sporting activities.

Edited by “Tex” Pomeroy

Via TechCrunch Japan