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Japan’s Space Market, on-demand venue rental marketplace, files for IPO

SCORE 1,650 Masaru Ikeda Masaru Ikeda
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Tokyo-based Space Market, offering a marketplace of unused or idle venues for on-demand rental use, announced today that the IPO application to the Tokyo Stock Exchange (TSE) has been approved. The company will be listed on the TSE Mothers Market on December 20 with plans to offer 520,000 shares for public subscription and to sell about 269,200 shares in over-allotment options for a total of about 1,274,700 shares. The company’s valuation is expected to reach 5.8 billion yen ($53.3 million) through the IPO. Their ticker code will be 4487. Space Market lists unused or idle venues and allows users to pick one to rent on demand for business or private needs such as corporate meetings, shareholder meetings, training courses, photo shooting of costume players, and other events. The company adds 5% charge on the price in the venue listing for users while it takes 30% commission from venue owners when their deal is made between them and users. According to the consolidated statement as of December 2018, they posted revenue of 578.2 million yen (about $5.3 million) with an ordinary loss of 271.9 million yen ($2.5 million). Led by founder and CEO Dausuke Shigematsu and his asset management company Double…

Space Market CEO Daisuke Shigematsu

Tokyo-based Space Market, offering a marketplace of unused or idle venues for on-demand rental use, announced today that the IPO application to the Tokyo Stock Exchange (TSE) has been approved.

The company will be listed on the TSE Mothers Market on December 20 with plans to offer 520,000 shares for public subscription and to sell about 269,200 shares in over-allotment options for a total of about 1,274,700 shares. The company’s valuation is expected to reach 5.8 billion yen ($53.3 million) through the IPO. Their ticker code will be 4487.

Space Market lists unused or idle venues and allows users to pick one to rent on demand for business or private needs such as corporate meetings, shareholder meetings, training courses, photo shooting of costume players, and other events. The company adds 5% charge on the price in the venue listing for users while it takes 30% commission from venue owners when their deal is made between them and users.

According to the consolidated statement as of December 2018, they posted revenue of 578.2 million yen (about $5.3 million) with an ordinary loss of 271.9 million yen ($2.5 million).

Led by founder and CEO Dausuke Shigematsu and his asset management company Double Pines (47.63%), the company’s major shareholders include Opt Ventures (10.64%), CyberAgent Capital (6.57%), My Navi (2.86%), Orix (2.18%), and Mizuho Capital (1.75%), Tokyo Tatemono (1.46%), XTech (1.46%), and Docomo Innovation Fund (1.46%).

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Related news

  1. Japan’s Space Market, on-demand venue rental marketplace, secures $4 million
  2. Venue rental marketplace Space Market wins top prize at Rising Expo 2014
  3. Japanese venue rental marketplace Space Market secures $936,000 in funding

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

Takeshi Hirano Takeshi Hirano
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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. See also: Venue rental marketplace Space Market wins top prize at Rising Expo 2014 Translated by Masaru Ikeda Edited by “Tex” Pomeroy

space-market-daisuke-shigematsu
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.

See also:

Translated by Masaru Ikeda
Edited by “Tex” Pomeroy

Related news

  1. Japan’s Space Market, on-demand venue rental marketplace, files for IPO
  2. Japanese venue rental marketplace Space Market secures $936,000 in funding
  3. Venue rental marketplace Space Market wins top prize at Rising Expo 2014

Japanese venue rental marketplace Space Market secures $936,000 in funding

Yukari Mitsuhashi Yukari Mitsuhashi
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See the original story in Japanese. Space Market lists unused or idle venues and allows users to pick one to rent on demand for business needs such as corporate meetings, shareholder meetings, training courses or other events. They won the top prize at Rising Expo 2014, an annual startup showcase event held by CyberAgent Ventures this August. The company announced today that it has fundraised 100 million yen (or $936,000) from CyberAgent Ventures and Mizuho Capital. According to Space Market’s CEO Daisuke Shigematsu, they will use the funds to strengthen engineering as well as sales forces, including developing apps and acquiring more venues, in addition to providing a concierge service. Furthermore, they plan to promote partnering with in-company training providers, event planners, ad agencies plus  catering service providers. They have listed more than 775 venues to date, including sailing vessel Miraie, Excel Air Service‘s heliport, Tokyo Bay’s uninhabited island Sarushima, and old Japanese-style houses in the historic village of Shirakawa-go. They have partnered with established companies like Sumitomo Fudosan, Tokyu Land, and Culture Convenience Club. It will be interesting to see how they will proceed towards their vision where they want to create a new value by giving users access to any venue in the world.

spacemarket_featuredimage

See the original story in Japanese.

Space Market lists unused or idle venues and allows users to pick one to rent on demand for business needs such as corporate meetings, shareholder meetings, training courses or other events. They won the top prize at Rising Expo 2014, an annual startup showcase event held by CyberAgent Ventures this August.

The company announced today that it has fundraised 100 million yen (or $936,000) from CyberAgent Ventures and Mizuho Capital. According to Space Market’s CEO Daisuke Shigematsu, they will use the funds to strengthen engineering as well as sales forces, including developing apps and acquiring more venues, in addition to providing a concierge service.

Furthermore, they plan to promote partnering with in-company training providers, event planners, ad agencies plus  catering service providers. They have listed more than 775 venues to date, including sailing vessel Miraie, Excel Air Service‘s heliport, Tokyo Bay’s uninhabited island Sarushima, and old Japanese-style houses in the historic village of Shirakawa-go.

They have partnered with established companies like Sumitomo Fudosan, Tokyu Land, and Culture Convenience Club. It will be interesting to see how they will proceed towards their vision where they want to create a new value by giving users access to any venue in the world.

shirakawamura
An old Japanese-style house in the historic village of Shirakawa-go.

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Venue rental marketplace Space Market wins top prize at Rising Expo 2014

Masaru Ikeda Masaru Ikeda
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See the original story in Japanese. Japan’s CyberAgent Ventures held its annual Rising Expo 2014 event which showcased up-and-coming 15 startups to a crowd of local investors and entrepreneurs [1]. Tokyo-based Space Market, the startup that operates a venue rental marketplace under the same name, won the top prize at this year’s event. Space Market lists unused or idle venues and allows users to pick one to rent on demand for business needs such as corporate meetings, shareholder meetings, training courses, and other events. Reservations are made online. In addition to the top prize, the company also won two prizes from the event’s sponsors: the Recruit Career prize and the Sumitomo Fudosan prize. We will keep you update with more about who were chosen as finalists at the event. Disclaimer: The author was one of the selection judges.  ↩

spacemarket-wins-top-award-at-risingexpo

See the original story in Japanese.

Japan’s CyberAgent Ventures held its annual Rising Expo 2014 event which showcased up-and-coming 15 startups to a crowd of local investors and entrepreneurs [1]. Tokyo-based Space Market, the startup that operates a venue rental marketplace under the same name, won the top prize at this year’s event.

Space Market lists unused or idle venues and allows users to pick one to rent on demand for business needs such as corporate meetings, shareholder meetings, training courses, and other events. Reservations are made online.

In addition to the top prize, the company also won two prizes from the event’s sponsors: the Recruit Career prize and the Sumitomo Fudosan prize. We will keep you update with more about who were chosen as finalists at the event.

  1. Disclaimer: The author was one of the selection judges.  ↩

Related news

  1. Japanese venue rental marketplace Space Market secures $936,000 in funding
  2. 15 startups pitch at Rising Expo 2014 finals, regional winners from around Asia take part
  3. 15 Japanese startups pitch at Rising Expo 2013, TwitCasting takes top prize

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