# Progate Co.

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

- Industry: Education/Training
- Headquarters: Tokyo, Japan
- Website: https://prog-8.com/
- Total disclosed funding: $1.6M
- Latest round: Series A (Feb 17, 2020)
- Investors on record: 2

## About

Progate Co., Ltd. is a Tokyo-based company focused on enhancing electronic design and development through innovative software solutions tailored for engineers and developers.Founded in 2014 in Tokyo, Japan, Progate Co., Ltd. provides software tools that facilitate circuit design, simulation, and documentation. The company's CEO is Masa Kato, who has a background in launching successful tech initiatives. Progate has raised a total of JPY 150 million in its Series A funding round on February 17, 2020, from investors including East Ventures and SBI Shinsei Corporate Investment, which contributes to its current valuation of JPY 5032.67 million.Prog-8 specializes in providing innovative solutions designed to enhance the efficiency of electronic design and development processes. The company's core offerings include a suite of software tools that streamline circuit design, simulation, and documentation for engineers and developers in the electronics sector. These tools are engineered to address common challenges faced in electronic design, such as optimizing performance, reducing development time, and minimizing errors during the design phase. By integrating advanced simulation capabilities and user-friendly interfaces, Prog-8 enables users to accelerate product development cycles across various applications, including consumer electronics, automotive systems, and industrial automation. The company primarily serves clients located in North America, Europe, and Asia, catering to a diverse customer base that includes established electronics manufacturers, startups, and educational institutions focused on electronics and engineering.Prog-8 generates revenue through a structured transaction model that includes subscription-based services and partnerships with industry players. The company's pricing strategy typically comprises various subscription tiers tailored to meet the needs of individual users and enterprise clients, allowing flexibility in access to their software tools. Flagship products, which are essential to their offerings, are included in these subscription packages, enabling users to benefit from continuous updates and support. Transactions are executed directly between Prog-8 and its clients, ensuring a streamlined process that facilitates access to cutting-edge electronic design tools. This structured approach to revenue generation not only supports ongoing innovation but also fosters long-term relationships with their customer base, enhancing overall satisfaction and retention.In February 2020, Progate Co., Ltd. raised JPY 150 million in Series A funding, part of a larger JPY 500 million equity and debt financing plan. The funding will support the development of new software tools aimed at enhancing electronic design processes. Progate plans to target expansion into additional markets in Asia and North America by the end of 2022, leveraging the recent investment to bolster its market presence and accelerate the launch of new products designed to meet the demands of evolving technology landscapes.

## Funding rounds

- Series A, Feb 17, 2020, $1.4M — East Ventures, SBI Shinsei Corporate Investment
- Seed, Oct 30, 2015, $0.3M — East Ventures

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed, Series A
- SBI Shinsei Corporate Investment (https://capitalatlas.ai/funds/sbi-shinsei-corporate-investment) — Series A