# Chaintope Co.

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

- Industry: IT Infrastructure
- Headquarters: Iizuka, Japan
- Website: www.chaintope.com/
- Total disclosed funding: $2.8M
- Latest round: Series B (May 16, 2024)
- Investors on record: 7

## About

Founded in 2016 and based in Iizuka, Japan, Chaintope Co., Ltd. is a blockchain-based technology/system developer that has developed a proof-of-authority-based blockchain protocol technology. In May 2024, Chaintope Co., Ltd. raised Series B funding from MCP Asset Management. As of 2024, the company is led by its CEO, Hideki Shoda.

The company offers the Tapyrus Protocol, which is a hybrid Proof of Authority (PoA) blockchain that combines Proof of Work (PoW) and Byzantine Fault Tolerance (BFT) to enhance both governance and openness. Tapyrus supports scalability and inter-chain collaboration through its patented technology, which enables large-scale data processing and secure data integration across disparate systems. Chaintope’s product suite includes APIs for confidential traceability, sustainability visualization, digital certificate issuance, and digital asset management. The firm also provides consulting services, proof-of-concept testing, and blockchain training through their GBEC community.

The organization plans to use the May 2024 funding to deploy a director and auditor for hands-on management support, facilitating overseas expansion and bolstering the organizational structure to sustain rapid growth.

## Funding rounds

- Series B, May 16, 2024, $0.3M — MCP
- Series A, Oct 6, 2021, $1.6M — ANRI, Sagin Capital & Consulting, Canal Ventures, SG Incubate, Mitsubishi Research Institute, Inc., NCB Venture Capital
- Series A, Sep 30, 2018, $1M — ANRI

## Investors

- ANRI (https://capitalatlas.ai/funds/anri) — Series A
- Sagin Capital & Consulting (https://capitalatlas.ai/funds/sagin-capital-consulting) — Series A
- Canal Ventures (https://capitalatlas.ai/funds/canal-ventures) — Series A
- SG Incubate (https://capitalatlas.ai/funds/sg-incubate) — Series A
- Mitsubishi Research Institute, Inc. — Series A
- NCB Venture Capital (https://capitalatlas.ai/funds/ncb-venture-capital) — Series A
- MCP (https://capitalatlas.ai/funds/mcp) — Series B