# Jolly Good

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/jolly-good

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.jollygood.co.jp
- Total disclosed funding: $14M
- Latest round: Series C (Jan 21, 2021)
- Investors on record: 6

## About

Jolly Good Inc. is a Tokyo-based company specializing in advanced virtual reality (VR) solutions for healthcare and welfare, providing immersive experiences that target therapeutic engagement and learning.Founded in 2014 in Tokyo, Japan, Jolly Good Inc. focuses on developing VR technologies for healthcare settings. The company was established by Kensuke Joji, who previously founded other ventures in tech. Jolly Good Inc. has successfully completed 5 deals, with its most recent funding occurring on January 21, 2021, when it raised JPY 804 million in Series C funding. This round attracted investors such as Axil Capital Partners, Iwagin Jigyo Souzou Capital, and JAFCO Group, bringing the total investment raised to JPY 804 million and a current valuation of JPY 7,805.412 million.Jolly Good Inc. specializes in advanced virtual reality (VR) solutions tailored for the healthcare and welfare sectors, with its flagship offering being the JOLLYGOOD+ platform. This comprehensive VR system enables users to experience immersive, first-person content designed from the perspective of individuals facing various health challenges. The platform operates on a subscription model, providing access to a wide range of VR experiences that can be utilized anytime and anywhere, facilitating continuous learning and therapeutic engagement. The company also offers JOLLYGOOD+make, a self-production tool that allows users to create high-quality 360-degree VR content using sophisticated VR cameras, catering to both corporate clients and individual learners. Jolly Good serves a diverse clientele, including healthcare institutions, educational bodies, and individual users, primarily targeting markets in Japan and expanding into other regions as demand for digital therapeutics grows.The revenue model for Jolly Good Inc. primarily revolves around subscription-based access to its JOLLYGOOD+ platform, alongside transactional revenue from corporate partnerships and individual licenses for the self-production tool, JOLLYGOOD+make. Clients typically engage in annual or monthly subscription agreements, allowing them to access a suite of VR content tailored to their specific needs, whether for clinical training or personal development. This structured approach to revenue generation ensures a steady income stream from both businesses and individual users. Detailed pricing plans for the subscription services and self-production solutions are outlined on the company's website, reflecting the value proposition associated with immersive learning and therapeutic experiences.Jolly Good Inc. aims to expand its product offerings by developing new features for the JOLLYGOOD+ platform, with plans for updates expected by the end of 2022. The company is targeting international markets, particularly regions in Asia and North America, for expansion by 2023. The JPY 804 million raised in Series C funding will be utilized to support these initiatives, enhancing product development and marketing efforts to reach new clients and enhance existing offerings.

## Funding rounds

- Series C, Jan 21, 2021, $7.8M — JAFCO Group, Iwagin Jigyo Souzou Capital, Axil Capital
- Series B, Jul 25, 2019, $6M — SBI Investment, SBI Shinsei Corporate Investment, Axil Capital, MBS Innovation Drive

## Investors

- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series B
- SBI Shinsei Corporate Investment (https://capitalatlas.ai/funds/sbi-shinsei-corporate-investment) — Series B
- Axil Capital (https://capitalatlas.ai/funds/axil-capital) — Series B, Series C
- MBS Innovation Drive — Series B
- JAFCO Group (https://capitalatlas.ai/funds/jafco-group) — Series C
- Iwagin Jigyo Souzou Capital (https://capitalatlas.ai/funds/iwagin-jigyo-souzou-capital) — Series C