# Hatch Work Co.

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

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.hatchwork.co.jp
- Total disclosed funding: $8.5M
- Latest round: Series B (Jan 27, 2022)
- Investors on record: 9

## About

Hatch Work Co., Ltd., based in Tokyo since 2000, specializes in innovative parking solutions that enhance urban mobility through effective management of parking resources.Hatch Work Co., Ltd. operates in the parking solutions industry, focusing on urban areas. The company was founded in 2000 in Tokyo, Japan. In March 2024, Hatch Work Co., Ltd. raised JPY 655 million in an IPO, selling 303,300 shares at JPY 2,160 per share at the Tokyo Stock Exchange Growth Market. The listing values Hatch Work Co., Ltd. at JPY 3.93 billion. Hatch Work Co., Ltd. had a revenue of JPY 2.06 billion as of December 2023. Hatch Work Co., Ltd. primarily focuses on the Moon-Term Parking Innovation business, offering a suite of services designed to streamline parking solutions in urban areas. Their core offerings include an online management system for monthly parking contracts, a search portal for locating parking spaces, and a sharing service for monthly parking slots. The company serves various client segments, including individuals seeking short-term parking solutions and businesses with fluctuating parking needs. Their geographical markets span major metropolitan areas, specifically Tokyo, Yokohama, and Osaka, where they cater to both business and individual customers by providing accessible and efficient parking solutions.Hatch Work Co., Ltd. generates revenue through multiple channels linked to their parking services, primarily involving direct transactions with customers in a B2C model. Clients typically engage with the company via subscriptions for parking services or through one-time rental agreements for short-term parking needs. The structure of these transactions is supported by easy online accessibility, enabling customers to book parking spaces as required. Specific pricing plans for their offerings are aligned with market standards, reflecting the competitive landscape of urban parking solutions. The company’s flagship service, the online management system for monthly parking, is designed to facilitate ease of use, ensuring customer satisfaction and potentially leading to a high retention rate among users. The company is focusing on enhancing its current offerings and exploring opportunities for expansion into additional metropolitan markets, although specific dates and locations for this expansion have not been disclosed.

## Funding rounds

- Series B, Jan 27, 2022, $5.2M — Innovation Engine, Mercuria Investment, Venture Labo Investment, ENEOS Innovation Partners, Nanto Capital Partners
- Series A, Mar 8, 2021, $3.3M — Innovation Engine, Mizuho Capital, Energy & Environment Investment, CrowdWorks, Vector

## Investors

- Innovation Engine (https://capitalatlas.ai/funds/innovation-engine) — Series A, Series B
- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series A
- Energy & Environment Investment (https://capitalatlas.ai/funds/energy-environment-investment) — Series A
- CrowdWorks — Series A
- Vector (https://capitalatlas.ai/funds/vector) — Series A
- Mercuria Investment (https://capitalatlas.ai/funds/mercuria-investment) — Series B
- Venture Labo Investment (https://capitalatlas.ai/funds/venture-labo-investment) — Series B
- ENEOS Innovation Partners — Series B
- Nanto Capital Partners (https://capitalatlas.ai/funds/nanto-capital-partners) — Series B