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List of next unicorn startup companies in Japan 3

List of next unicorn startup companies in Japan 3

In the last 2 posts (List of next unicorn startup companies in Japan 1&2), I introduced 83 startup companies designated as next unicorn startups having large potentials to grow.

The rest of the (next unicorn) startups are 25 companies in biotech, materials, energy, healthcare and others. 

 

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Biotechnology/ Materials/ Energy

Company
Headquarters/ Business/ Capital/ The number of employees

Anaer pharma Science
Tokyo/R&D of new medicine / ¥100M/ 18

INCUBATION ALLIANCE INC
Kobe/ Carbon fiber/ ¥300M/ 23

Exergy Power Systems
Tokyo/ Development of storage battery/ ¥100M/ 20

enechange
Tokyo/ Website of electricity comparison/ ¥1.3B/ 47

ELIIY Power
Tokyo/ Development of lithium-ion battery/ ¥31.5B/ 334

Curadim Pharma
Tokyo/R&D of new medicine / ¥1.3B/ 4

Green Earth Institute
Tokyo/ Green chemicals / ¥200M/ 17

Quantum Biosystems
Tokyo/ DNA sequencing / ¥1.6B/ 22

NExT-e Solutions
Tokyo/ New battery system/ ¥1.6B/ 16

BONAC CORPORATION
Fukuoka/ Development of nucleic acid medicine/ ¥1.4B/ 29

Microwave Chemical
Osaka/ Efficient production of chemical compounds/¥3.6B/ 41

Looop
Tokyo/ Solar power system/ ¥700M/ 220

CONNEXX SYSTEMS
Kyoto/ Energy storage technology/ ¥100M/ 34

iPS Potal
Kyoto/ R&D of new medicine with iPS/ ¥1.6B/ 24

TBM
Tokyo/ LIMEX products (paper alternatives)/ ¥5.1B/ 80

 

Healthcare/ Others

Company
Headquarters/ Business/ Capital/ The number of employees

amidus
Tokyo/Support for development of new businesses/ ¥10M/ 20

Integrity Healthcare
Tokyo/ Support for doctors’ medical examinations/ ¥500M/ 34

CAPABLE
Kyoto/ Development of precision metal mold/ ¥100M/ 25

Minrevi
Tokyo/ Funeral service/ ¥1B/ 60

Medical Note
Tokyo/ Support for medical institutes’ management

MEDCARE
Tokyo/ Telediagnosis service/ ¥300M/ 18

MEDLEY
Tokyo/ Medical Healthcare/ ?/ 188

Life is Tech!
Tokyo/ IT education for teenagers/ ¥500M/ 600

Renoveru
Tokyo/ Remodeling/ ¥500M/ 198

FiNC
Tokyo/ Support for diet/ ¥2.2B/ 230

 

22 have already surpassed ¥10B

Among the 108 startups, there’re 22 companies whose market capitalization has already surpassed ¥10B. Here’s the top 10.

(Company/ Estimated company’s value)

  1. Preferred Networks/ ¥232.6B (Unicorn)
  2. Mercari/ ¥147.9B (Unicorn)
  3. sansan/ ¥50.5B
  4. Eliily Power/ ¥40.4B
  5. Freee/ ¥39.4B
  6. BIZRESCH/ ¥333.8B
  7. TBM/ ¥29.2B
  8. FiNC/ ¥22.5B
  9. RakSul/ ¥21.9B
  10. BONAC/ ¥21.7B

It can be clearly seen that the list of top startups was dominated by companies working on AI or IT businesses.

Preferred Networks was funded by TOYOTA in 2017 (¥10.5B)

Japan Venture Research, a Tokyo-based research agency, investigated 1,000 unlisted Japanese startup companies about their funding. According to their investigation, in 2016, the total funding of the 1,000 startups reached ¥210B, a 20% increase compared with the year earlier and the highest in history.

It’s still just 2~3% of the amount of investment in startup companies in the U.S. However, since a number of companies (or industries) are in transition, traditional large enterprises like TOYOTA have started funding or cooperating with startups in order to acquire innovative next-generation technologies.

So, the startup environment has begun to change in Japan.

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