# Open Room

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/open-room

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: https://openrm.co.jp
- Total disclosed funding: $0.2M
- Latest round: Seed (Feb 27, 2020)
- Investors on record: 1

## About

Open Room Inc. is a Tokyo-based company specializing in real estate technology solutions that enhance transaction efficiency and digital transformation in the real estate sector.Founded in 2017, Open Room Inc. is focused on providing innovative solutions for the real estate industry. The company's operations are headquartered in Tokyo, Japan. The CEO, Toyo ??, leads the firm, which has been involved in a SEED funding round in February 2020, raising JPY 25 million from investor KVP. This was part of a larger financing round totaling JPY 40 million.Open Room Inc. specializes in innovative real estate technology solutions aimed at transforming traditional practices within the real estate industry. Their flagship product, 'Forest,' offers a comprehensive online platform that facilitates real estate transactions through features such as cloud-based property proposals, customer chat functionalities, and IT-heavy video conferencing tools. Additionally, the platform has integrated AI capabilities that automate property information identification and database creation, thus streamlining operations for real estate agents. The company serves a wide range of clients, including real estate agencies and professionals, particularly in Japan, where they have established partnerships with organizations such as Mitsui Sumitomo Trust Real Estate and the All Japan Real Estate Association. Their services are designed to address key pain points in real estate transactions, enhancing efficiency and allowing clients to provide improved customer experiences.Open Room Inc. generates revenue primarily through subscription-based models for its technology solutions. Clients, which include real estate agencies, subscribe to access various tiers of features within the 'Forest' platform. The pricing structure for these subscriptions varies, with options including free and paid plans that unlock additional functionalities. Specifically, the paid plan offers enhanced features for monthly fees, while the free plan allows users to utilize basic services. By providing a robust platform that supports remote sales and property management, Open Room Inc. caters to the increasing demand for digital transformation within the real estate sector, thereby fostering ongoing client engagement and recurring revenue streams.Open Room Inc. is focused on expanding its product offerings and geographic reach. They plan to launch additional features within the 'Forest' platform to improve user engagement and streamline functionalities for clients by the end of 2022. The company is also targeting expansion into other parts of Asia to capture a larger market share in real estate technology solutions. The JPY 25 million raised during the SEED funding round in February 2020 is expected to support these initiatives, providing resources for product development and market entry strategies.

## Funding rounds

- Seed, Feb 27, 2020, $0.2M — ANOBAKA

## Investors

- ANOBAKA (https://capitalatlas.ai/funds/anobaka) — Seed