# CaiTech

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

- Industry: Outsourcing
- Headquarters: Tokyo, Japan
- Website: www.caitech.co.jp
- Total disclosed funding: $3.9M
- Latest round: Series A (Apr 6, 2022)
- Investors on record: 5

## About

CaiTech inc. is a technology-driven company that connects caregivers with flexible job opportunities in the nursing and elderly care sectors, streamlining the application process for both caregivers and care facilities.CaiTech inc., founded in 2018 in Tokyo, Japan, operates a platform designed to match caregivers with short-term work in nursing and elderly care. The company has completed 2 deals, with the latest funding round occurring on April 6, 2022, where it raised JPY 370 million in Series A funding from Mitsubishi UFJ Capital, SMBC Venture Capital, and Working Fund. The company's current valuation stands at JPY 2,790.781 million.CaiTech inc. offers a core platform that connects caregivers with short-term job opportunities in the nursing and elderly care sectors. The application allows users to easily register their qualifications and identification documents via their smartphones, eliminating the need for traditional interviews or resumes. This innovative approach facilitates quick placement for users seeking flexible work arrangements, catering to individuals looking for part-time or one-day shifts. CaiTech's services are designed to address the immediate staffing needs of various care facilities, including day services, group homes, and visiting nurse agencies, primarily in urban regions across Japan. The platform serves a diverse customer base that includes licensed caregivers, such as certified nursing assistants and social workers, and also connects them with a variety of care facilities looking for temporary staffing solutions.CaiTech operates on a transaction-based revenue model that is primarily B2C, providing a digital marketplace for caregivers and care facilities. Caregivers utilizing the CaiTech app can access job postings and receive payment shortly after completing their assigned shifts, typically within one minute of confirming their work through a QR code scan. The company structures its transactions to include a fee for each job filled through the platform, which varies based on the nature and length of the assignment. Revenue generation is supported by a high volume of short-term placements, where caregivers can earn between JPY 10,000 to 20,000 per assignment, contributing to the overall profitability of the service.CaiTech inc. plans to utilize the JPY 370 million raised in its Series A funding to enhance its platform and expand into new markets. The company is focused on developing new features for its application and aims to launch these enhancements by mid-2023. Additionally, CaiTech is strategizing to enter markets outside of Japan, particularly targeting Southeast Asia by late 2024. The recent funding will support these initiatives and facilitate the expansion of its operational capabilities.

## Funding rounds

- Series A, Apr 6, 2022, $3M — Working Fund, Mitsubishi UFJ Capital, SMBC Venture Capital
- Seed, Sep 7, 2020, $0.9M — East Ventures, PLUS Corporation

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed
- PLUS Corporation — Seed
- Working Fund — Series A
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series A
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series A