Japan’s business chat tool Chatwork lands $12.8M funding to fuel global expansion

Japan’s business chat tool Chatwork lands $12.8M funding to fuel global expansion

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Osaka-based Chatwork, a Japanese startup that operates a cloud-based chat tool for business under the same name, announced today that it has fundraised 1.5 billion yen ($12.8 million) in a series B round from Jafco, Shinsei Corporate Investment, SMBC Venture Capital, and GMO Venture Partners. This follows the company’s previous $2.5 million funding in April 2015. The latest funding means the company has raised 1.8 billion yen ($15.3 million) to date.

Since its launch in March of 2011, the Chatwork app has been providing a business chat environment for corporate users, with features like group chat, task management, file management, and video conferencing. They are serving 86,000 corporate users worldwide, many of whom are small and medium-size enterprises. With the funding, the company will boost service expansion in the United States and Asian markets, aiming to acquire 150,000 companies as users in three years.

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Edited by Kurt Hanson