# Caster Co.

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

- Industry: Outsourcing
- Headquarters: Tokyo, Japan
- Website: https://caster.co.jp
- Total disclosed funding: $15M
- Latest round: Series D (Feb 2, 2022)
- Investors on record: 5

## About

Caster Co., Ltd., based in Japan, specializes in designing and manufacturing mobility solutions, particularly caster wheels that enhance the movement of equipment across various sectors including logistics and healthcare.Founded in 2014 in Saito-shi, Japan, Caster Co., Ltd. operates in the mobility solutions space. The company has completed 10 deals, with its most recent funding round being a Series D, where it raised JPY 1,300 million. The company's valuation currently stands at JPY 13,026.424 million as of October 4, 2023. Caster has not undergone any major strategic pivots or changes since its inception and does not have any known parent or subsidiary companies.Caster Co., Ltd. specializes in the design and manufacturing of innovative caster wheels and related mobility solutions, catering to diverse industries including logistics, healthcare, and retail. Its core offerings include a range of heavy-duty and light-duty casters designed to improve the efficiency of movement for goods and equipment in various settings, enhancing maneuverability of hospital equipment, streamlining warehouse operations, and optimizing retail displays. Caster's products are made from durable materials, ensuring reliability in demanding conditions, and serve a global clientele in both B2B and B2C markets across North America, Europe, and Asia.In 2019, Caster Co., Ltd. reported a revenue of JPY 8,524,121.6.Looking ahead, Caster Co., Ltd. plans to launch new products aimed at enhancing the efficiency of mobility solutions, with specific release dates yet to be announced. The company is also targeting expansion into additional Asian markets by 2025, leveraging its recent Series D funding of JPY 1,300 million to support these initiatives. The funds raised through its recent IPO, where 0.402 million shares were sold at JPY 760 per share, will further bolster its capacity to innovate and reach new markets.

## Funding rounds

- Series D, Feb 2, 2022, $11M — Dai-ichi Life Insurance, Axiom Asia Private Capital, Incubate Fund, YMFG Capital
- Series B, Dec 5, 2017, $3.2M — World Innovation Lab
- Series A, Nov 1, 2014, $0.4M — Incubate Fund

## Investors

- Incubate Fund (https://capitalatlas.ai/funds/incubate-fund) — Series A, Series D
- World Innovation Lab — Series B
- Dai-ichi Life Insurance — Series D
- Axiom Asia Private Capital (https://capitalatlas.ai/funds/axiom-asia-private-capital) — Series D
- YMFG Capital (https://capitalatlas.ai/funds/ymfg-capital) — Series D