# Thinkings

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

- Industry: Software
- Headquarters: Tokyo, Japan
- Website: www.thinkings.co.jp
- Total disclosed funding: $18M
- Latest round: Series B (Jul 26, 2022)
- Investors on record: 6

## About

Thinkings Inc. is an innovative HR Tech company specializing in enhancing organizational development through technology integration, primarily offering solutions for recruitment automation and data management.Founded in 2020 and headquartered in Tokyo, Japan, Thinkings Inc. focuses on transforming recruitment processes with their SaaS-based products. The firm has completed three deals, with the most recent occurring on July 26, 2022. During this Series B funding round, they raised JPY 1.62 billion, led by Incubate Fund and supported by investors including Mizuho Capital and JA Mitsui Leasing. The company has not undergone significant pivots. The founder's history is not detailed, and there is no information regarding subsidiaries.Thinkings???? offers sonar ATS, an automated applicant tracking system that streamlines recruitment operations for over 2,200 companies in various industries. The platform facilitates recruitment digitization and includes sonar store, a marketplace for various HR tools designed to enhance candidate sourcing and onboarding. The company predominantly serves the Japanese market but is exploring opportunities to reach international clients with innovative HR solutions.Thinkings???? generates revenue through a subscription model for sonar ATS, allowing organizations to manage recruitment activities efficiently. Clients pay a fee for access to features such as process automation and data analytics. Collaborations with services like Z???? AI??? add value to their offerings. The revenue model primarily focuses on B2B transactions, catering to businesses aiming to optimize human resource management.In July 2022, Thinkings Inc. secured JPY 1.62 billion in Series B funding to enhance partner relationships, bolster marketing strategies, and support recruitment initiatives. The company is currently designing new products to improve their HR solutions and is considering expansion into broader Asian markets. The recent funding will be instrumental in driving these growth strategies, ensuring that Thinkings Inc. continues to innovate and meet the evolving needs of its clientele.

## Funding rounds

- Series B, Jul 26, 2022, $12M — SMBC Nikko Securities, Mizuho Capital, Incubate Fund, JA Mitsui Leasing, XTech Ventures, i-nest capital
- Series A, Jan 18, 2021, $5.8M — Mizuho Capital, Incubate Fund, XTech Ventures, i-nest capital

## Investors

- Mizuho Capital (https://capitalatlas.ai/funds/mizuho-capital) — Series A, Series B
- Incubate Fund (https://capitalatlas.ai/funds/incubate-fund) — Series A, Series B
- XTech Ventures (https://capitalatlas.ai/funds/xtech-ventures) — Series A, Series B
- i-nest capital (https://capitalatlas.ai/funds/i-nest-capital) — Series A, Series B
- SMBC Nikko Securities — Series B
- JA Mitsui Leasing — Series B