Japan’s Space Market, on-demand venue rental marketplace, secures $4 million

Space Market CEO Daisuke Shigematsu

This is the abridged version from our original article in Japanese.

Tokyo-based Space Market, offering a marketplace of unused or idle venues for on-demand rental use, announced today that it has fundraised about 400 million yen (about $4 million) in the latest round. This round was lead by Opt Ventures with participation from Recruit Strategic Partners, Mizuho Capital, SBI Investment and Orix.

Founded back in January of 2014, Space Market previously fundraised 100 million yen (about $936,000 at the currency exchange rate then) back in October the same year. The company has listed more than 8,000 venues on their platform.  While strengthening human resources for system development as well as search engine optimization and other marketing efforts, they will use the funds to solidify business development in addition to management capabilities for both mid- and long-term perspectives.

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Translated by Masaru Ikeda
Edited by “Tex” Pomeroy