# The Harmony

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/the-harmony

- Industry: Healthcare
- Headquarters: Iizuka-shi, Japan
- Website: https://the-harmony.net
- Total disclosed funding: $2.2M
- Latest round: Series A (Jan 31, 2023)
- Investors on record: 7

## About

Based in Japan, established in 2012, The Harmony Inc. specializes in developing and operating dementia care facilities, providing vital support and innovative solutions for individuals affected by dementia.The Harmony Inc. focuses on the care of individuals with dementia by operating specialized facilities in Iizuka-shi, Tagawa-shi, and Kama-shi, Japan. Founded in 2012, the company has expanded its offerings to include an AI communication robot named 'Daichan'. The recent funding round was a Series A raised in January 2023, amounting to JPY 209 million, with participation from several investors, including KAYAC Inc. and Long Black Partners. The total amount raised by the company is JPY 209 million, with a current valuation of JPY 970 million.The Harmony Inc. specializes in developing and operating dementia care facilities across three key areas: Iizuka City, Tagawa City, and Kama City in Japan. The company provides a comprehensive range of services designed to support individuals affected by dementia, including specialized care facilities offering both day care and residential services. 'Daichan', the innovative AI communication robot, assists in communication and engagement with dementia patients, enhancing their quality of life while addressing workforce shortages in healthcare. The services and products target families, caregivers, and healthcare institutions, focusing on the growing demographic of elderly individuals needing specialized care.The revenue model of The Harmony Inc. is structured around service fees derived from their dementia care facilities and the sale of their AI communication robot 'Daichan'. Revenue is primarily generated through direct-to-consumer transactions, where families pay for care services on a fee-for-service basis. The company may also engage in partnerships with healthcare organizations and local governments, potentially involving collaborative care programs. While specific pricing details are not disclosed, tailored packages accommodate various family needs, ensuring appropriate care levels.In January 2023, The Harmony Inc. raised JPY 209 million in Series A funding. The company plans to utilize this funding for product improvement, including enhancements to their AI communication robot 'Daichan'. There is also a strategic intent to expand their market presence within Japan, targeting additional cities and regions by the end of 2024. This expansion will allow them to reach more families and healthcare institutions that require specialized dementia care services.

## Funding rounds

- Series A, Jan 31, 2023, $1.6M — KAYAC Inc., Senshu Ikeda Capital, Sagin Capital & Consulting, Regional Economy Vitalization Corporation of Japan (REVIC), Leave a Nest Capital, Beta Venture Capital, Long Black Partners
- Seed, Mar 8, 2021, $0.6M — Leave a Nest Capital, Beta Venture Capital

## Investors

- Leave a Nest Capital (https://capitalatlas.ai/funds/leave-a-nest-capital) — Seed, Series A
- Beta Venture Capital (https://capitalatlas.ai/funds/beta-venture-capital) — Seed, Series A
- KAYAC Inc. — Series A
- Senshu Ikeda Capital (https://capitalatlas.ai/funds/senshu-ikeda-capital) — Series A
- Sagin Capital & Consulting (https://capitalatlas.ai/funds/sagin-capital-consulting) — Series A
- Regional Economy Vitalization Corporation of Japan (REVIC) — Series A
- Long Black Partners (https://capitalatlas.ai/funds/long-black-partners) — Series A