# ACROVE

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/acrove

- Industry: Business Support Services
- Headquarters: Tokyo, Japan
- Website: www.acrove.co.jp
- Total disclosed funding: $12M
- Latest round: Series C (Sep 12, 2024)
- Investors on record: 14

## About

Based in Tokyo, Japan, and founded in 2018 and led by Chief Executive Officer Shunsuke Arai, ACROVE Inc. specializes in e-commerce (EC) and direct-to-consumer (D2C) platform services to improve sales and operations for brands. In September 2024, ACROVE raised venture debt financing from Mizuho Capital and Daiwa Blue Financial Inc. This round was part of a larger JPY 2 billion equity and debt financing.  

ACROVE Inc. offers ACROVE FORCE, which is a service that leverages real-time analytics and data-driven decision-making to support businesses and improve brands in the e-commerce sector. The companies also engage in the EC roll-up business, acquiring brands through mergers and acquisitions to further expand their potential. In addition, the firm uses big data to provide strategic insights and tools to create value for customers. As of 2024, the firm serves various clients such as Sokan, Patisserie Kihachi, Fujiei, and Molton Brown London.

The company plans to use the funding from September 2024 to improve its M&A funds for EC roll-up and working capital for organizational expansion and expand the functionality of our own EC data analysis platform.

## Funding rounds

- Series C, Sep 12, 2024 — Gogin Capital, Global Catalyst Partners, Aichi Capital, Boost Capital
- Series B, Oct 11, 2023, $7.6M — SMBC Venture Capital, Shizuoka Capital, Vector, Dai Nippon Printing, Hiroshima Venture Capital, Resona Capital, Japan Post Capital
- Series A, Jun 20, 2022, $3.9M — CyberAgent Capital, Nissay Capital, Japan Post Capital, Hakuhodo DY Ventures

## Investors

- CyberAgent Capital (https://capitalatlas.ai/funds/cyberagent-capital) — Series A
- Nissay Capital (https://capitalatlas.ai/funds/nissay-capital) — Series A
- Japan Post Capital (https://capitalatlas.ai/funds/japan-post-capital) — Series A, Series B
- Hakuhodo DY Ventures (https://capitalatlas.ai/funds/hakuhodo-dy-ventures) — Series A
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series B
- Shizuoka Capital (https://capitalatlas.ai/funds/shizuoka-capital) — Series B
- Vector (https://capitalatlas.ai/funds/vector) — Series B
- Dai Nippon Printing — Series B
- Hiroshima Venture Capital (https://capitalatlas.ai/funds/hiroshima-venture-capital) — Series B
- Resona Capital (https://capitalatlas.ai/funds/resona-capital) — Series B
- Gogin Capital — Series C
- Global Catalyst Partners (https://capitalatlas.ai/funds/global-catalyst-partners) — Series C
- Aichi Capital (https://capitalatlas.ai/funds/aichi-capital) — Series C
- Boost Capital (https://capitalatlas.ai/funds/boost-capital) — Series C