# Material Concept

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/material-concept

- Industry: Chemicals
- Headquarters: Sendai, Japan
- Website: www.mat-concept.com
- Total disclosed funding: $3.2M
- Latest round: Seed (Oct 31, 2016)
- Investors on record: 3

## About

Based in Japan, Material Concept, Inc. specializes in innovative copper paste products, enhancing electrical conductivity in solar cells and electronic devices.Founded in 2013 in Sendai, Japan, Material Concept, Inc. focuses on producing high-performance copper paste for solar and electronics applications. The company has undergone strategic pivots over time, including a stake acquisition by JX Nippon Mining & Metals Corporation in June 2018. The firm has secured a total of 5 investment deals, with the latest funding round being a Seed round in April 2020 where they raised JPY 340.000 mn from Daiwa Corporate Investment, Fidel Partners, Inc., and Global Brain, bringing the total amount raised to JPY 340.000 mn, and currently holds a valuation of JPY 2,315.824 mn. The founder, Junichi Koike, has been instrumental in the company’s direction.Material Concept, Inc. specializes in the production of copper paste, a significant innovation in the manufacturing of solar cell components and electronic device wiring and electrodes. Their copper paste is designed to enhance electrical conductivity and efficiency in solar panels and electronic circuits, addressing the growing demand for high-performance materials in renewable energy and electronics sectors. Released as part of their commitment to pioneering material innovation, this product serves a diverse clientele, including manufacturers of solar energy systems and electronic components. The company markets its offerings primarily in Asia and Europe, where there is a strong emphasis on sustainable energy solutions and advanced electronic manufacturing.The revenue model of Material Concept, Inc. centers around B2B transactions, primarily targeting manufacturers in the solar energy and electronics industries. The company engages in direct sales of its copper paste products to clients who require these materials for their production processes. These transactions typically involve bulk orders, with standard pricing structures reflecting the volume and specifications of the copper paste. Material Concept’s flagship copper paste product is positioned as a critical component for enhancing the performance and reliability of solar cells and electronic devices, thereby establishing a stable revenue stream from its established customer base within these high-demand sectors.Material Concept, Inc. plans to leverage its recent funding to enhance product development and expand into new markets. The company is currently designing additional high-efficiency copper paste formulations with a targeted launch in late 2022. They aim to penetrate new geographic regions, specifically targeting North America and Southeast Asia by 2023. The recent Seed funding round of JPY 340.000 mn will support these initiatives, enabling the company to increase production capabilities and marketing efforts. Furthermore, after JX Nippon Mining & Metals Corporation's acquisition of a 21.2% stake in 2018, the company has seen strategic shifts that will facilitate its growth trajectory.

## Funding rounds

- Seed, Oct 31, 2016, $3.2M — Daiwa Corporate Investment, Global Brain, Fidel Partners, Inc.

## Investors

- Daiwa Corporate Investment (https://capitalatlas.ai/funds/daiwa-corporate-investment) — Seed
- Global Brain (https://capitalatlas.ai/funds/global-brain) — Seed
- Fidel Partners, Inc. — Seed