# CO-NECT Co.

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

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: https://conct.co.jp
- Total disclosed funding: $6.6M
- Latest round: Series B (Jun 20, 2022)
- Investors on record: 14

## About

CO-NECT Co., Ltd. is a Japanese technology company that specializes in delivering innovative software solutions aimed at enhancing operational efficiency and improving communication across various industries.Founded in 2015 and headquartered in Tokyo, Japan, CO-NECT Co., Ltd. focuses on providing technology-driven products primarily for the logistics, healthcare, and retail sectors. The company has successfully completed a total of 7 deals, with its most recent funding round being a Series B in June 2022, raising JPY 370.000 mn from investors including GMO VenturePartners and NEC Capital Solutions. The founders, Afiba Johnson and Afiba Rucker, come with a background in technology solutions, bringing their expertise to the company.CO-NECT Co., Ltd. specializes in providing innovative solutions that cater to the demands of various industries, primarily focusing on technology-driven products. Their core offerings include advanced software systems designed to enhance operational efficiency and facilitate seamless communication across platforms. These products are tailored for end users such as businesses in logistics, healthcare, and retail sectors, aiming to resolve challenges related to data management and process automation. The company’s solutions have been deployed in multiple geographical markets, including East Asia and North America, ensuring that clients benefit from enhanced functionality and integration capabilities.CO-NECT Co., Ltd. generates revenue through a structured model that includes both direct sales and subscription-based services. The company engages in B2B transactions, partnering with various enterprises to deliver its software solutions, which are often customized to align with client requirements. Revenue streams are bolstered by long-term contracts and service level agreements that ensure ongoing support and updates. The pricing plans reflect the value provided by their flagship products and services, accommodating a range of clients from small businesses to large corporations. The company’s revenue model is built on fostering relationships with clients through effective implementation and dedicated customer support, enhancing the overall user experience and promoting customer loyalty.Following its most recent funding round in June 2022, where CO-NECT Co., Ltd. raised JPY 370.000 mn, the company plans to utilize these funds for product development, recruitment activities, and business expansion. The company aims to launch new product lines tailored to specific industry needs by the end of 2023. Furthermore, CO-NECT is targeting expansion into Southeast Asian markets by 2024, capitalizing on the growing demand for technological solutions in these regions.

## Funding rounds

- Series B, Jun 20, 2022, $2.7M — GMO VenturePartners, Headline [DUP], NEC Capital Solutions, YMFG Capital, Rheos Capital Partners, Gurunavi Inc., NVenture Capital
- Series B, Dec 22, 2020, $2M — GMO VenturePartners, Double Sharp Partners
- Series B, Sep 1, 2019, $1.1M — GMO VenturePartners, Genesia Ventures
- Series A, Oct 1, 2018, $0.4M — Genesia Ventures, Optima Ventures, START POINT Co. Ltd
- Seed, Nov 10, 2017, $0.3M — DG Ventures, Dai-Ichi Kangyo Bank, MIRAIDOOR

## Investors

- DG Ventures (https://capitalatlas.ai/funds/dg-ventures) — Seed
- Dai-Ichi Kangyo Bank — Seed
- MIRAIDOOR (https://capitalatlas.ai/funds/miraidoor) — Seed
- Genesia Ventures (https://capitalatlas.ai/funds/genesia-ventures) — Series A, Series B
- Optima Ventures — Series A
- START POINT Co. Ltd — Series A
- GMO VenturePartners (https://capitalatlas.ai/funds/gmo-venturepartners) — Series B
- Double Sharp Partners (https://capitalatlas.ai/funds/double-sharp-partners) — Series B
- Headline [DUP] — Series B
- NEC Capital Solutions (https://capitalatlas.ai/funds/nec-capital-solutions) — Series B
- YMFG Capital (https://capitalatlas.ai/funds/ymfg-capital) — Series B
- Rheos Capital Partners (https://capitalatlas.ai/funds/rheos-capital-partners) — Series B
- Gurunavi Inc. — Series B
- NVenture Capital (https://capitalatlas.ai/funds/nventure-capital) — Series B