# Enowa Co.

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

- Industry: Agribusiness
- Headquarters: Toyama, Japan
- Website: www.enowa.jp
- Total disclosed funding: $2.8M
- Latest round: Series B (Sep 29, 2023)
- Investors on record: 5

## About

Based in Japan, Enowa Co., Ltd. specializes in smart agricultural consulting, integrating IT technologies into farming to optimize water management for rice farmers through innovative solutions such as their mobile application, paditch.Founded in 2013 in Toyama, Japan, Enowa Co., Ltd. focuses on agricultural consulting services. The company’s operations have remained consistent since inception, with its headquarters located in Toyama. Katsunori Shimomura serves as the CEO. Enowa has secured a total funding amount of JPY 70 million in its latest funding round in December 2023, supported by the investor JICN, bringing the total amount raised to JPY 70 million and a current company valuation of JPY 859.46 million.Enowa specializes in smart agricultural consulting services, focusing on the integration of IT technologies into farming practices. Their primary product, paditch, is a mobile application designed to simplify water management for rice farmers. This tool enables users to efficiently monitor and optimize water usage in rice paddies, addressing critical challenges such as climate change and water shortages. Enowa's services extend to agricultural IoT development, enhancing operational efficiencies for producers, particularly rice farmers in Japan, especially in regions where effective water management is crucial for crop sustainability.Enowa operates on a revenue model that includes direct transactions with agricultural producers through their flagship product, paditch. Their pricing structure caters to rice farmers, allowing access to the app via subscription services with tiered features based on operational scale. Additionally, Enowa collaborates with agricultural cooperatives and organizations, providing tailored solutions that enhance water management practices, thereby strengthening client relationships and expanding market penetration within Japan's agricultural sector.In December 2023, Enowa Co., Ltd. raised JPY 70 million in Series C funding from the investor JICN. This funding will be utilized to develop their services for selling carbon credits and their water management system product. The company is also exploring opportunities to expand into new markets, with a specific focus on enhancing its product offerings and services in regions facing significant agricultural challenges.

## Funding rounds

- Series B, Sep 29, 2023, $1.9M — Incubate Fund, NES Inc.
- Series A, Nov 11, 2020, $1M — Mitsui Sumitomo Insurance Venture Capital, Skyland Ventures, Monozukuri Ventures

## Investors

- Mitsui Sumitomo Insurance Venture Capital (https://capitalatlas.ai/funds/mitsui-sumitomo-insurance-venture-capital) — Series A
- Skyland Ventures (https://capitalatlas.ai/funds/skyland-ventures) — Series A
- Monozukuri Ventures (https://capitalatlas.ai/funds/monozukuri-ventures) — Series A
- Incubate Fund (https://capitalatlas.ai/funds/incubate-fund) — Series B
- NES Inc. — Series B