Japan’s crowdsourced app development service Sekai Lab gets $2.5M for further expansion

Sekai Lab Bangladesh Team (Image credit: Sekai Lab)

See the original story in Japanese.

Tokyo-based Monstar Lab, the company providing crowdsourced offshore app development service Sekai Lab, announced on Friday that it has secured 250 million yen (about $2.5 million) from Gogin Capital (investment arm of San-in Gogo Bank headquartered in Japan’s Shimane Prefecture) and Resona Capital in addition to existing shareholders. This follows their previous $3.3 million funding from Pasonatech and DG Incubation. We have not confirmed which funding round this is.

Monstar Lab now offers app development in 17 countries worldwide including China, Bangladesh and Vietnam but still busies themselves in further expanding markets. The company’s CEO Hiroki Inagawa visited Jordan in October, which hints at the possibility of expansion into the Middle East from Asia where they now have multiple development locations. The funds raised this time will be used for such market expansion efforts.

Getting Gogin Capital onboard as a shareholder may have something to do with the fact that Monstar Lab has a development location in Matsue, Shimane Prefecture. While offering existing offshore app development services as well, the company plans to invite more engineers from overseas to these locations within Japan, looking to help improve the situation in and around Shimane where companies still struggle with lack of system engineers.

Edited by “Tex” Pomeroy

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