# Rainbow

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

- Industry: Biotechnology
- Headquarters: Sapporo-shi, Japan
- Website: www.rainbowinc.co.jp/
- Total disclosed funding: $3.2M
- Latest round: Series B (Sep 29, 2023)
- Investors on record: 6

## About

Based in Japan, Rainbow Inc. is engaged in developing and commercializing regenerative medicine products, primarily focusing on innovative therapies for chronic conditions, thereby enhancing patient recovery and outcomes.Founded in 2019 in Sapporo-shi, Japan, Rainbow Inc. specializes in regenerative medicine, particularly through its lead product HUNS001. The company has successfully completed two deals, with its most recent funding round being a Series B in September 2023, raising JPY 268 million. CEO Pramod Dobhal leads the firm, which has expanded its operations regionally and has established partnerships with various research and healthcare institutions.????RAINBOW specializes in the development and commercialization of regenerative medicine products, focusing on HUNS001, a therapy for chronic conditions like stroke. This product is undergoing various clinical trial phases to ensure scientific validation and compliance, targeting hospitals and healthcare providers in Japan, with plans for expansion into other Asian markets.????RAINBOW generates revenue through partnerships with healthcare institutions and clinical trials, establishing B2B relationships with hospitals and healthcare providers to utilize HUNS001. Additionally, revenue streams include grants and research funding, emphasizing ongoing collaboration as products move through clinical stages.In September 2023, Rainbow Inc. raised JPY 268 million in Series B funding, which will be used to prepare for the development of a medical treatment derived from the bone marrow stem cells of stroke patients. The company plans to launch new products and expand into additional Asian markets, focusing on addressing specific medical conditions that currently lack effective treatments.

## Funding rounds

- Series B, Sep 29, 2023, $1.8M — Tsuruha Holdings, Inc., Hokkaido Research Institute for the Twenty-first Century, SBI Okasan Alternative Investment, SRD Holdings, DG Incubation
- Series A, Oct 26, 2020, $1.4M — Digital Garage, Inc., Tsuruha Holdings, Inc., Hokkaido Research Institute for the Twenty-first Century, SBI Okasan Alternative Investment

## Investors

- Digital Garage, Inc. — Series A
- Tsuruha Holdings, Inc. — Series A, Series B
- Hokkaido Research Institute for the Twenty-first Century (https://capitalatlas.ai/funds/hokkaido-research-institute-for-the-twenty-first-century) — Series A, Series B
- SBI Okasan Alternative Investment (https://capitalatlas.ai/funds/sbi-okasan-alternative-investment) — Series A, Series B
- SRD Holdings — Series B
- DG Incubation (https://capitalatlas.ai/funds/dg-incubation) — Series B