# Avatarin Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avatarin-co

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: https://about.avatarin.com
- Total disclosed funding: $39M
- Latest round: Series B (Jul 18, 2024)
- Investors on record: 8

## About

Founded in 2020 and based in Tokyo, Japan, Avatarin Co., Ltd., a spin-out of ANA Holdings Inc., focuses on developing a next-generation mobility and human augmentation platform. As of 2023, Akira Fukahori serves as the CEO of the company. In April 2023, Avatarin Co., Ltd. raised JPY 2 billion in Series A funding from MUFG Bank and the Development Bank of Japan.

The company provides a service called avatarin, which is a platform that can transmit only a person's awareness and presence without moving the body and can search and move in real time. The company sells a product called NewMe, which is a mode of transportation that communicates human emotion and presence without requiring the user to move their body via the avatarin platform. Avatarin Co., Ltd. uses technologies such as robotics, AI, VR, and communications.

The April 2023 funding supports the organization in accelerating the development and utilization of its products and expanding its market worldwide.

## Funding rounds

- Series B, Jul 18, 2024, $23M — Sumitomo Mitsui Trust Bank, Mizuho Bank, Fuyo General Lease, Omron Ventures, Softbank, SAN-AI OBBLI CO., LTD.
- Series A, Apr 5, 2023, $15M — MUFG Bank, Development Bank of Japan

## Investors

- MUFG Bank — Series A
- Development Bank of Japan (https://capitalatlas.ai/funds/development-bank-of-japan) — Series A
- Sumitomo Mitsui Trust Bank — Series B
- Mizuho Bank — Series B
- Fuyo General Lease — Series B
- Omron Ventures (https://capitalatlas.ai/funds/omron-ventures) — Series B
- Softbank — Series B
- SAN-AI OBBLI CO., LTD. — Series B