Japan’s Creww, startup community platform operator, fundraises $2.2 million

The Creww crew.

See the original story in Japanese.

Tokyo-based Creww, the Japanese startup that operates a startup community platform for startups, announced today that it has fundraised 270 million yen ($2.2 million) from Japanese financial company Orix (TSE:8591) and Mistletoe, an investment company by Japanese notable angel investor Taizo Son. This is the first startup investment for Orix.

Creww plans to use the funds to strengthen “open innovation” activities leveraging their startup community, as well as launching a new financial service for the startup community in partnership with Orix. Details for the new service have not yet been disclosed but it seems similar to a crowdfunding site for startups that aims to help them fundraise and accelerate their business, according to unnamed sources.

Founded in August of 2012, Creww secured an undisclosed sum in a seed funding round from Incubate Fund, followed by fundraising $1.2 million (at the exchange rate at that time) from Tokyo-based private broadcaster Nippon TV in September of 2013. The startup has been offering services for startups such as Collabo (encouraging startups and enterprise to collaboratively work together), Marketplace (offering discounts for buying products and services, specifically for startups), and Knots (offering lecture programs on open innovation for enterprises).

Creww has a staff of 17 people, but going forward the company aims to strengthen their team by hiring engineers, designers, business development managers, as well as a person to manage business expansion to the Asian markets.

Edited by Kurt Hanson