# nitoel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nitoel

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.nitoel.co.jp
- Total disclosed funding: $0.8M
- Latest round: Seed (Jan 18, 2023)
- Investors on record: 1

## About

Based in Tokyo, Japan, and founded in 2021, nitoel operates as a software company that provides a software-as-a-service that aims to improve efficiency and support cost reduction for procurement companies and businesses. In January 2023, nitoel raised an amount in venture debt financing and the round was part of a larger JPY 100 million equity and debt financing.

Nitoel provides procurement support, procurement strategy, and analysis services to accelerate procurement reform in the manufacturing industry. The company also provides digitization planning related to procurement as well as consulting and analysis services. Furthermore, for DX (Developer Experience) execution support the company combines expertise in business tools and the latest system architecture and supports the execution of DX with an optimal system configuration

The company plans to use the January 2023 funds raised to invest in increasing corporate value and service expansion.

## Funding rounds

- Seed, Jan 18, 2023, $0.8M — Coral Capital

## Investors

- Coral Capital — Seed