CASES

Track record of support for entry into the Japanese market

CASES

Track record of support for entry into the Japanese market

CASES

Track record of support for entry into the Japanese market

Case #1

Business

Vertical Farming

Time of investment

June 2017

Time of entry
into the

Japanese market

February 2020 (Established a Japanese entity as a wholly owned subsidiary of Infarm)

Background of Entry
into the

Japanese Market

The company was discovered at the Innovation Weekend pitch event in Berlin (November 2015), which was run by SunBridge Global Ventures (a seed accelerator) and run by our CEO, Hiraishi (see article in BRIGDE for details). It is characterized not only by its plant factory model, but also by its ability to produce vegetables inside supermarkets and other stores. Conducted a feasibility study for entry into the Japanese market (2016); began full-fledged consideration of entry into the Japanese market in the fall of 2018, with Infarm founders and leadership team visiting Japan quarterly. At each meeting, they meet with investors and executives from potential clients to explain their business and strategy for entering the Japanese market. In February 2020, Infarm acquired an investment from JR East (Infarm itself), and in January 2021, it became the first AgriTech startup from Berlin to start vegetable production and sales at Kinokuniya, a wholly owned subsidiary of JR East, in Asia. The company will then launch vegetable production and sales at Summit Store, Deutsche Foods, Inc. Subsequently, the company expanded its business to Summit Store, DEAN&DELUCA, Kokuyo (THE CAMPUS), and other stores. Withdrew from the Japanese market in March 2023 due to the rapid deterioration of the business environment, such as rising energy prices caused by Russia's invasion of Ukraine.

Investors

Clients

Case #2

Business

Mileage service regardless of mode of travel

Time of investment

January 2016

Time of entry
into the
Japanese market

October 2021 (Established a Japanese entity as a wholly owned subsidiary of Miles)

Background of Entry
into the
Japanese Market

Introduced through a mutual acquaintance in Silicon Valley, invested in a seed round in January 2016, Miles is an app that uses A.I. and a number of algorithms to award points based on the "distance" traveled, regardless of the means of travel and redeem them for a variety of rewards. In addition to business development in the U.S., the company requested to establish a relationship with Panasonic, the world's leading manufacturer of car navigation systems, to gain a foothold in the Japanese market. In response, we assisted in building a relationship with Panasonic's headquarters in Japan and its headquarters in the U.S. The company received investment from a fund managed by Panasonic's U.S. headquarters. Subsequently, Miles also obtained investments from SONY Ventures, Porsche (CVC), and JetBlue. In October 2021, with the support of Scrum Ventures Startup Studio, the company will launch its business in Japan. Please refer to this article for details.

Investors

Case #1

Business

Vertical Farming

Time of investment

June 2017

Time of entry
into the

Japanese market

February 2020 (Established a Japanese entity as a wholly owned subsidiary of Infarm)

Background of Entry
into the

Japanese Market

The company was discovered at the Innovation Weekend pitch event in Berlin (November 2015), which was run by SunBridge Global Ventures (a seed accelerator) and run by our CEO, Hiraishi (see article in BRIGDE for details). It is characterized not only by its plant factory model, but also by its ability to produce vegetables inside supermarkets and other stores. Conducted a feasibility study for entry into the Japanese market (2016); began full-fledged consideration of entry into the Japanese market in the fall of 2018, with Infarm founders and leadership team visiting Japan quarterly. At each meeting, they meet with investors and executives from potential clients to explain their business and strategy for entering the Japanese market. In February 2020, Infarm acquired an investment from JR East (Infarm itself), and in January 2021, it became the first AgriTech startup from Berlin to start vegetable production and sales at Kinokuniya, a wholly owned subsidiary of JR East, in Asia. The company will then launch vegetable production and sales at Summit Store, Deutsche Foods, Inc. Subsequently, the company expanded its business to Summit Store, DEAN&DELUCA, Kokuyo (THE CAMPUS), and other stores. Withdrew from the Japanese market in March 2023 due to the rapid deterioration of the business environment, such as rising energy prices caused by Russia's invasion of Ukraine.

Investors

Clients

Case #2

Business

Mileage service regardless of mode of travel

Time of investment

January 2016

Time of entry
into the
Japanese market

October 2021 (Established a Japanese entity as a wholly owned subsidiary of Miles)

Background of Entry
into the
Japanese Market

Introduced through a mutual acquaintance in Silicon Valley, invested in a seed round in January 2016, Miles is an app that uses A.I. and a number of algorithms to award points based on the "distance" traveled, regardless of the means of travel and redeem them for a variety of rewards. In addition to business development in the U.S., the company requested to establish a relationship with Panasonic, the world's leading manufacturer of car navigation systems, to gain a foothold in the Japanese market. In response, we assisted in building a relationship with Panasonic's headquarters in Japan and its headquarters in the U.S. The company received investment from a fund managed by Panasonic's U.S. headquarters. Subsequently, Miles also obtained investments from SONY Ventures, Porsche (CVC), and JetBlue. In October 2021, with the support of Scrum Ventures Startup Studio, the company will launch its business in Japan. Please refer to this article for details.

Investors

Case #1

Business

Vertical Farming

Time of investment

June 2017

Time of entry
into the

Japanese market

February 2020 (Established a Japanese entity as a wholly owned subsidiary of Infarm)

Background of Entry
into the

Japanese Market

The company was discovered at the Innovation Weekend pitch event in Berlin (November 2015), which was run by SunBridge Global Ventures (a seed accelerator) and run by our CEO, Hiraishi (see article in BRIGDE for details). It is characterized not only by its plant factory model, but also by its ability to produce vegetables inside supermarkets and other stores. Conducted a feasibility study for entry into the Japanese market (2016); began full-fledged consideration of entry into the Japanese market in the fall of 2018, with Infarm founders and leadership team visiting Japan quarterly. At each meeting, they meet with investors and executives from potential clients to explain their business and strategy for entering the Japanese market. In February 2020, Infarm acquired an investment from JR East (Infarm itself), and in January 2021, it became the first AgriTech startup from Berlin to start vegetable production and sales at Kinokuniya, a wholly owned subsidiary of JR East, in Asia. The company will then launch vegetable production and sales at Summit Store, Deutsche Foods, Inc. Subsequently, the company expanded its business to Summit Store, DEAN&DELUCA, Kokuyo (THE CAMPUS), and other stores. Withdrew from the Japanese market in March 2023 due to the rapid deterioration of the business environment, such as rising energy prices caused by Russia's invasion of Ukraine.

Investors

Clients

Case #2

Business

Mileage service regardless of mode of travel

Time of investment

January 2016

Time of entry
into the
Japanese market

October 2021 (Established a Japanese entity as a wholly owned subsidiary of Miles)

Background of Entry
into the
Japanese Market

Introduced through a mutual acquaintance in Silicon Valley, invested in a seed round in January 2016, Miles is an app that uses A.I. and a number of algorithms to award points based on the "distance" traveled, regardless of the means of travel and redeem them for a variety of rewards. In addition to business development in the U.S., the company requested to establish a relationship with Panasonic, the world's leading manufacturer of car navigation systems, to gain a foothold in the Japanese market. In response, we assisted in building a relationship with Panasonic's headquarters in Japan and its headquarters in the U.S. The company received investment from a fund managed by Panasonic's U.S. headquarters. Subsequently, Miles also obtained investments from SONY Ventures, Porsche (CVC), and JetBlue. In October 2021, with the support of Scrum Ventures Startup Studio, the company will launch its business in Japan. Please refer to this article for details.

Investors

CONTACT

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CONTACT

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CONTACT

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