# Shatoku

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

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.shatoku.com
- Total disclosed funding: $4.2M
- Latest round: Series A (Nov 26, 2021)
- Investors on record: 1

## About

Based in Japan, Shatoku, Inc. specializes in corporate housing management solutions, providing platforms that enable companies to enhance employee benefits while streamlining housing operations.Shatoku, Inc. was founded in 2018 in Tokyo, Japan, and focuses on providing digital solutions for corporate housing management. The company was acquired by Money Forward, Inc. in November 2024, as part of a strategy to expand its product offerings. The founders, Fumio Chiba and Ibrahim Snobar, have experience in this sector, further enhancing the company's capabilities. Shatoku has completed 4 deals to date, with its latest funding round being a Series A, raising a total of JPY 480.000 mn from investors including Nissay Capital.Money Forward Cloud Welfare Benefits Rent offers a comprehensive management system designed for furnished corporate housing, which helps companies implement efficient rental programs. This service aims to boost employees' take-home pay by reducing social insurance premiums and taxes while lowering costs for employers. As of December 25, 2024, over 300 companies have adopted this service, reflecting its growing presence in the employee benefits space. By digitizing corporate housing management, Money Forward enhances operational efficiency and productivity for organizations across various sectors in Japan.Revenue for Money Forward Cloud Welfare Benefits Rent is derived from a subscription-based service model, which allows clients to streamline their housing operations. The system enables centralized management of payments, invoicing, and contract approvals, crucial for companies with corporate housing programs. These services facilitate compliance with housing regulations and improve employee satisfaction through a seamless housing experience. The cost-effective nature of the company's offerings is expected to foster further engagement with businesses looking to enhance their employee welfare initiatives.Following its acquisition, Shatoku, Inc. plans to leverage the resources of Money Forward to enhance its product lineup and expand into new markets. The company aims to introduce new features and services over the next year, targeting increased efficiency in corporate housing management. With the JPY 480.000 mn raised in the latest funding round, Shatoku intends to invest in product development and market expansion initiatives, thereby capitalizing on Money Forward's customer base to enhance corporate welfare housing services.

## Funding rounds

- Series A, Nov 26, 2021, $4.2M — Nissay Capital
- Seed, May 28, 2020 — Nissay Capital

## Investors

- Nissay Capital (https://capitalatlas.ai/funds/nissay-capital) — Seed, Series A