# Backtech

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

- Industry: Healthcare IT
- Headquarters: Tokyo, Japan
- Website: www.backtech.co.jp/
- Total disclosed funding: $4.9M
- Latest round: Series B (Nov 11, 2022)
- Investors on record: 7

## About

Based in Japan, Backtech Inc. specializes in mental health solutions tailored for corporate environments, enhancing employee wellness through innovative and data-driven approaches.Founded in 2016 and headquartered in Tokyo, Japan, Backtech Inc. focuses on mental health solutions for businesses. The company has completed 5 deals, with its most recent funding round occurring on November 11, 2022, when it raised JPY 50 million in Series B financing from Senshu Ikeda Capital. The total amount raised by the company amounts to JPY 50 million, resulting in a current valuation of JPY 1,932.175 million.BackTech Inc. primarily offers the "Pocket Therapist," designed to address health challenges within corporate settings. This innovative service provides a data-driven approach to mental health by focusing on physical discomfort and associated psychological issues. The Pocket Therapist aims to improve employee wellness and productivity through personalized health management, leveraging technology to enhance access to quality medical care and health resources. By targeting major social issues like extending healthy life expectancy and improving labor productivity, BackTech serves a diverse client base that includes various industries focused on employee well-being.BackTech Inc. generates revenue primarily through subscription-based models for its Pocket Therapist service, which is offered directly to businesses looking to improve employee health outcomes. Clients typically engage in service contracts that outline specific terms for access and usage, enabling companies to support their workforce's mental and physical health effectively. Pricing structures are designed to be scalable, allowing organizations of different sizes to choose plans that best fit their needs. The company's business model focuses on B2B transactions, partnering with enterprises to integrate health management solutions within their corporate wellness programs.Following its recent Series B financing on November 11, 2022, where Backtech Inc. raised JPY 50 million from Senshu Ikeda Capital, the company will invest the funds into business growth and human resources. Future strategies include the design and launch of new products aimed at enhancing health management solutions. Additionally, Backtech plans to expand into new geographical markets, specifically targeting regions within Asia by the end of 2024.

## Funding rounds

- Series B, Nov 11, 2022, $0.4M — Senshu Ikeda Capital
- Series B, Oct 24, 2022, $2.7M — JAFCO Group, Global Brain, MTG Ventures, Omuro Sangyo Ijimusho
- Series A, Mar 20, 2019, $1.8M — M3, Inc., MTG Ventures
- Angel, Sep 20, 2016 — CyberAgent Capital

## Investors

- CyberAgent Capital (https://capitalatlas.ai/funds/cyberagent-capital) — Angel
- M3, Inc. — Series A
- MTG Ventures (https://capitalatlas.ai/funds/mtg-ventures) — Series A, Series B
- JAFCO Group (https://capitalatlas.ai/funds/jafco-group) — Series B
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Series B
- Omuro Sangyo Ijimusho — Series B
- Senshu Ikeda Capital (https://capitalatlas.ai/funds/senshu-ikeda-capital) — Series B