# RiceWine

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

- Industry: Consumer Products
- Headquarters: Odawara, Japan
- Website: ricewine.co.jp
- Total disclosed funding: $2.2M
- Latest round: Series A (Sep 8, 2022)
- Investors on record: 5

## About

Based in Kanagawa, Japan, and founded in 2018, RiceWine Inc., operates as a manufacturer and seller of alcoholic beverage, sake. In September 2022, RiceWine raised JPY 300 million in Series A financing led by DIMENSION with participation from Lotte Ventures Japan, Mitsubishi UFJ Capital, and Yokohama Capital. As of 2022, the company is led by its president Yuta Sakai. As of 2022, the company has its popup store in Shinjuku, and it also offers facilities for online orders and delivery.

It offers a wide range of sake under the name of Hinemos. They are offered in different types, packaging, for different time of day as the name Hinemos suggest the whole day. Different drinks offered by the company has different characteristics with different bottling design. It offers sake such as Shichiji which is a sparkling sake and has a fragrance of sweet and sour fruit and tastes slightly carbonated sparkling. Similarly, it also offers Hachiji which tastes the sweetness and umami of rice with a characteristic of pure white unrefined sake made from rice. It also has sake named Kuji, Juji, Juichiji, Reiji, etc on offer.

The company generates its revenue through selling sake which is sold at a cost of around Yen 2700 approx. to Yen 8000 approx. per bottle.

The company plans to use the September 2022 funds to strengthen manufacturing, sales, and recruitment. These funds will support the company’s global expansion.

## Funding rounds

- Series A, Sep 8, 2022, $2.2M — Mitsubishi UFJ Capital, Yokohama Capital, DIMENSION, Lotte Ventures Japan
- Seed, date not disclosed — East Ventures

## Investors

- East Ventures (https://capitalatlas.ai/funds/east-ventures) — Seed
- Mitsubishi UFJ Capital (https://capitalatlas.ai/funds/mitsubishi-ufj-capital) — Series A
- Yokohama Capital (https://capitalatlas.ai/funds/yokohama-capital) — Series A
- DIMENSION — Series A
- Lotte Ventures Japan (https://capitalatlas.ai/funds/lotte-ventures-japan) — Series A