# Microwave Chemical Co.

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

- Industry: Materials
- Headquarters: Suita-shi, Japan
- Website: www.mwcc.jp
- Total disclosed funding: $39M
- Latest round: Series G (Nov 8, 2019)
- Investors on record: 16

## About

Microwave Chemical Co., Ltd., headquartered in Suita-shi, Japan, specializes in innovative microwave heating technology, transforming traditional heating methods within the chemical industry with highly efficient processes tailored to diverse applications.Founded in 2007, Microwave Chemical Co., Ltd. develops microwave heating technologies for various materials, addressing global challenges in sustainability. The firm has successfully completed 13 deals, with its most recent funding round being an IPO on November 4, 2022, raising JPY 2.11 billion. The company is led by CEO Iwao Yoshino.Microwave Chemical Co., Ltd. focuses on microwave heating technology, which innovatively transfers energy directly to substances, enhancing production efficiency across various sectors. Their applications span materials science, pharmaceuticals, and sustainability, partnering with notable organizations like Mitsubishi Chemical and JAXA on projects related to carbon fiber production and space exploration.In 2023, Microwave Chemical reported a revenue of JPY 8,994,641.1 and an EBITDA of JPY 993,319.4, primarily generated through B2B contracts for technology services and equipment sales, including their flagship C NEUTRAL™ 2050 initiative emphasizing carbon neutrality.Microwave Chemical's growth strategy includes strengthening its research and development base through recruitment and infrastructure enhancements, funded by the JPY 2.11 billion raised in the IPO. The company aims to launch new products focusing on sustainability and expand its market presence, particularly in North America and Europe, by the end of 2025.

## Funding rounds

- Series G, Nov 8, 2019, $7M — Dai-ichi Life Insurance, Mitsui Chemicals, Hack Ventures
- Series G, Mar 29, 2019, $1.8M — Inspire Corporation
- Series E, Mar 29, 2017, $3.6M — Inspire Corporation, Senshu Ikeda Capital, DBJ Capital
- Series D, Nov 20, 2015, $2.4M — SMBC Venture Capital, SBI Investment, DBJ Capital
- Series D, Sep 18, 2015, $4.8M — University of Tokyo Edge Capital Partners, JAFCO Group, Osaka University Venture Capital, Taiyo Kagaku Co.,Ltd., Chishima Real Estate Co., Ltd.
- Series C, Jun 2, 2014, $12M — Nippon Venture Capital, University of Tokyo Edge Capital Partners, JAFCO Group, INCJ
- Series B, Jul 2, 2013, $3M — JAFCO Group
- Series B, Mar 19, 2013, $4.2M — SBI Shinsei Bank, Nippon Venture Capital, University of Tokyo Edge Capital Partners

## Investors

- SBI Shinsei Bank — Series B
- Nippon Venture Capital (https://capitalatlas.ai/funds/nippon-venture-capital) — Series B, Series C
- University of Tokyo Edge Capital Partners (https://capitalatlas.ai/funds/university-of-tokyo-edge-capital-partners) — Series B, Series C, Series D
- JAFCO Group (https://capitalatlas.ai/funds/jafco-group) — Series B, Series C, Series D
- INCJ — Series C
- Osaka University Venture Capital (https://capitalatlas.ai/funds/osaka-university-venture-capital) — Series D
- Taiyo Kagaku Co.,Ltd. — Series D
- Chishima Real Estate Co., Ltd. — Series D
- SMBC Venture Capital (https://capitalatlas.ai/funds/smbc-venture-capital) — Series D
- SBI Investment (https://capitalatlas.ai/funds/sbi-investment) — Series D
- DBJ Capital (https://capitalatlas.ai/funds/dbj-capital) — Series D, Series E
- Inspire Corporation — Series E, Series G
- Senshu Ikeda Capital (https://capitalatlas.ai/funds/senshu-ikeda-capital) — Series E
- Dai-ichi Life Insurance — Series G
- Mitsui Chemicals — Series G
- Hack Ventures (https://capitalatlas.ai/funds/hack-ventures) — Series G