# Baseconnect

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

- Industry: Information Services
- Headquarters: Kyoto-shi, Japan
- Website: http://company.baseconnect.in
- Total disclosed funding: $54M
- Latest round: Series B (Feb 7, 2023)
- Investors on record: 14

## About

Based in Japan, Baseconnect Inc. specializes in developing innovative technology solutions to enhance operational efficiency across various sectors, focusing on software platforms that streamline workflows and improve data analytics.Founded in 2017 and headquartered in Kyoto-shi, Japan, Baseconnect Inc. creates software solutions aimed at addressing operational challenges in various industries. The company has successfully raised a total of JPY 5.4 billion in its latest Series B funding round on February 7, 2023, led by Z Venture Capital with participation from EN-Japan Inc., Japan Post Capital, NTT DOCOMO Ventures, Salesforce Ventures, and others. The founder, Tony Weedn, has a background in technology entrepreneurship and has been instrumental in guiding the company’s strategic initiatives. Baseconnect has completed a total of 10 deals since its inception.Baseconnect Inc. specializes in providing innovative technology solutions tailored to enhance operational efficiency across various sectors. Its core offerings include a suite of software platforms designed to streamline workflow processes, improve data analytics, and facilitate real-time communication among teams. These products are primarily aimed at industries such as healthcare, finance, and logistics, addressing specific challenges such as data fragmentation and inefficient resource allocation. The platforms have been adopted by various clients, ranging from small businesses to large enterprises, with significant users benefiting from enhanced productivity and decision-making capabilities. Currently, the company’s products are marketed and sold in key regions including North America, Europe, and parts of Asia, ensuring a broad reach in the global marketplace.Baseconnect Inc. generates revenue through a structured model emphasizing ongoing partnerships and subscription-based services. Clients typically engage in annual subscriptions that provide access to the software suite, along with tiered pricing plans based on the number of users and features selected. Major clients often enter into long-term contracts, contributing to a stable revenue stream through predictable, recurring fees. Additionally, the firm engages in direct-to-consumer sales for specific software products, complementing its business-to-business transactions. This revenue model supports sustained growth and reinforces customer loyalty and engagement with the company’s flagship offerings.Following the recent funding of JPY 5.4 billion raised in February 2023, Baseconnect Inc. plans to enhance its product offerings and expand its market reach. The funding will be utilized for recruitment, business expansion, and product development. The company aims to launch new products designed to improve operational efficiencies within the next 12 months. Furthermore, Baseconnect is targeting expansion into new markets, with particular focus on increasing its presence in Europe and Southeast Asia by the end of 2024.

## Funding rounds

- Series B, Feb 7, 2023, $41M — JAFCO Group, Z Venture Capital, Uzabase, Inc., NTT DOCOMO Ventures, Salesforce Ventures, MIRAIDOOR, Japan Post Capital, EN-Japan Inc.
- Series A, Feb 4, 2020, $12M — JAFCO Group, Orient Corporation Co., Ltd., Mizuho Capital, Z Venture Capital, East Ventures, Uzabase, Inc., MIRAIDOOR, Canal Ventures, Kyoto Capital Partners
- Seed, Dec 20, 2017, $0.7M — Mizuho Capital, Z Venture Capital, East Ventures, MIRAIDOOR, Genesia Ventures

## Investors

- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Seed, Series A
- Z Venture Capital (https://capitalatlas.ai/funds/z-venture-capital) — Seed, Series A, Series B
- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series A
- MIRAIDOOR (https://capitalatlas.ai/funds/miraidoor) — Seed, Series A, Series B
- Genesia Ventures (https://capitalatlas.ai/funds/genesia-ventures) — Seed
- JAFCO Group (https://capitalatlas.ai/funds/jafco-group) — Series A, Series B
- Orient Corporation Co., Ltd. — Series A
- Uzabase, Inc. — Series A, Series B
- Canal Ventures (https://capitalatlas.ai/funds/canal-ventures) — Series A
- Kyoto Capital Partners (https://capitalatlas.ai/funds/kyoto-capital-partners) — Series A
- NTT DOCOMO Ventures (https://capitalatlas.ai/funds/ntt-docomo-ventures) — Series B
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series B
- Japan Post Capital (https://capitalatlas.ai/funds/japan-post-capital) — Series B
- EN-Japan Inc. — Series B