UPBOND has completed a Pre A round of financing of 120 million yen

(Head office: Shibuya-ku, Tokyo; Representative Director: Shun Mizuoka), a startup that provides Wallet services in the Web3 domain, announces that it has raised a total of 120 million yen through the issuance of J-KISS type new share subscription rights with Pegasus Tech Ventures, which operates Startup World Cup, and SCALA Partners, a consolidated subsidiary of SCALA Co. (Head office: Shibuya-ku, Tokyo; Representative Director: Shun Mizuoka) announces that it has raised a total of 120 million yen in funding through the issuance of J-KISS type new share subscription rights with Pegasus Tech Ventures, which operates Startup World Cup, and SCARA Partners Inc.

Funding Summary

Amount raised - 120 million yen
Method of procurement - Issuance of J-KISS type stock acquisition rights
Purpose of procurement - Reinforcement of structure (expansion of sales and engineering organizations) for business expansion
Underwriters (in no particular order) - Pegasus Tech Ventures, Scala Partners Inc.

Comments from investors

Anis Uzzaman, Founder and CEO, Pegasus Tech Ventures, comments:

We are very pleased to invest in UPBOND, a company that is leading the Web 3.0 era. We hope that the speed of Web 3.0 initiatives in Japan will reach the world.
We also believe that the effective combination of Web 3.0 and Web 2.0 is key to the utilization of Web 3.0, and we are promoting a number of projects to demonstrate this. From this unique perspective, UPBOND's activities are attracting a lot of attention, and we are expecting a great leap forward. We at the Pegasus team look forward to supporting the company's growth.


Mr. Norikatsu Natsuno, Representative Director of SCARA Partners, Inc. comments:

We are very pleased to invest in UPBOND, a company with a growing presence in the Web 3.0 industry. We will create and provide new value to society by combining SCARA's past development experience and consulting know-how with UPBOND's Web 3.0 knowledge and Wallet. Some projects are already under development, and we look forward to collaborating with them in the future.

UPBOND REPRESENTATIVE MIZUOKA COMMENTS

We are very pleased to have completed the fundraising, and we believe that we are in a transitional period where the market conditions in the Web 3.0 industry are changing drastically. However, in order to respond to those who believed in UPBOND and entrusted us with their funds, and to realize the future that blockchain technology will change, we will continue to push forward with all our might.

INTRODUCTION TO UPBOND

We provide a Web 3.0 wallet service. We have developed a wallet with an overwhelming UIUX that can be easily used by general consumers, and are currently promoting a co-creation project that fully utilizes Web 3.0 with major companies in the IP industry, construction industry, retail industry, and other advanced initiatives.
We aim to essentially update the relationship between companies and individuals (BOND) through our wallet.

Careers

In conjunction with our fundraising, UPBOND is actively hiring, and we welcome applications from anyone interested in creating a new future for all
using Web3 technology.

Please check our current openings at
https://www.wantedly.com/companies/company_4527655