Japanese Revenue-Based Finance Startup Yoii Completes $5.5M Funding in Series A Round

  • Fundraising News
  • 11.12.2023 12:55 pm

Yoii Inc., providing the revenue-based financing (RBF) platform "Yoii Fuel" in Japan, announces the completion of a Series A round for approximately $5.5M. This funding round was led by Emellience Partners, with participation from Itochu Technology Ventures, FFG Venture Business Partners, and five other existing investors. This raises Yoii's total funding to $9.5M. By introducing innovative new fundraising methods in Japan, that are neither debt nor equity, Yoii aims to support the growth of startups.

Background and Purpose of Fundraising:

In the context of the Japanese government's promotion of "New Capitalism", nurturing startups that address social issues and contribute to a sustainable economic society is deemed crucial. However, the growth rate of startups in Japan and the number of unicorn companies are lower compared to the US and Europe. Traditional funding methods, such as equity and debt financing, often pose high barriers for early-stage startups. Yoii focuses on RBF as a flexible funding solution to address these challenges.

Characteristics of the RBF Platform "Yoii Fuel":

Yoii Fuel is a platform that allows companies to secure necessary growth funds from future revenues. The entire application process can be completed online, enabling users to avoid share dilution and the need for personal guarantees or collateral. Features include efficient and speedy assessment, simple procedures requiring minimal financial data, and integration with external services for automatic financial data submission.

Future Prospects and International Expansion:

Moving forward, Yoii will not only strengthen its product promotion in Japan but also aim to expand into the Asian market. This will involve conducting international research, developing its own risk models, and advancing its recruitment efforts.

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