Japanese mobile and web app development company Monstar Lab today announced that it has raised JPY250 million (US$2.5 million) from The Gogin Capital, Resona Capital, and unnamed existing investors.
The investment will be used to fund the company’s international expansion plan, as well as an upcoming M&A, in order to fulfill its mission to become “one of the world’s biggest software development arm for new and upcoming technologies.”
Based in Tokyo, Monstar Lab currently operates in seven countries and 12 cities (Tokyo, Osaka, Matsue, Chengdu, Qingdao, Shanghai, Hanoi, Da Nang, Cebu, Singapore, San Francisco and Dhaka) and has partner companies across 18 countries. It offers a wide range of services such as mobile app development, web app development, enterprise apps, Internet of Things (IoT), Augmented Reality (AR), and Virtual Reality (VR).
Led by CEO Hiroki Inagawa, the company was founded in 2006. It claimed to have JPY905 million (around US$9 million) of capital, and has raised investments from East Ventures, The Gogin Capital, Mitsubishi UFJ Capital, Resona Capital Venture, and SMBC Venture Capital.
e27 has been reaching out to Monstar Lab for further comments.
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