TOKYO, Japan, Aug 26, 2021 – TradeWaltz Inc., a Tokyo-based company operating the international trade information-sharing platform “TradeWaltz®,” announced it has raised JPY 900 Million (approx. $8.2 Million), bringing its total financial backing to JPY 3 Billion ($27.3 Million) since it was founded in 2020. UTokyo IPC led the round as a new investor, providing JPY 500 Million ($4.5 Million) and Takahiro Mizumoto, Partner at UTokyo IPC, will join the TradeWaltz Board as a Director.
In addition to UTokyo IPC, Mitsui-Soko Holdings Co., Ltd., Nissin Corporation, and TW Link Corporation also joined as new investors, among the existing investors, NTT DATA Corporation (NTT DATA), Mitsubishi Corporation (MC), Toyota Tsusho Corporation (Toyota Tsusho), Tokio Marine & Nichido Fire Insurance Co., Ltd. (Tokio Marine Nichido), MUFG Bank, Ltd. (MUFG), Kanematsu Corporation (Kanematsu), and Sompo Japan Insurance Inc. (Sompo Japan).
For details, please refer to the release from TradeWaltz below:
About TradeWaltz Inc
TradeWaltz Inc, delivers TradeWaltz® SaaS, a trading-related information-sharing platform built with blockchain technology.
International trade is a highly complicated system that involves many different types of participants and as such, is considered impossible to digitalize with existing technologies. Using blockchain technology, TradeWaltz is building a new platform, “TradeWaltz®”, that will enable all participants to share information and deliver new value to all users.
About UTokyo IPC
The University of Tokyo Innovation Platform Co., Ltd. (UTokyo IPC, President & CEO Kazuhiko Oizumi) is an venture investment arm for the University of Tokyo founded in 2016. Through start-up formation and venture investment, UTokyo IPC nurtures entrepreneurial and innovation ecosystems around the academic community and industries in Japan. For more information visit https://www.utokyo-ipc.co.jp/en/