StayX supplier Matsuri Technologies, based in Tokyo, has successfully concluded its Series D investment round, generating about USD 8.5 million. Along with returning investors, new investors also participated in the round, including Vertex Ventures Southeast Asia and India.
A concept called StayX aims to transform single-use rooms into multipurpose areas. It plans to use the freshly earned funds to improve its software solutions in order to hasten its expansion. In addition, it intends to finance talent acquisition, expand internationally, and build more facilities.
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CEO and founder Keita Yoshida is in charge of Matsuri Technologies, which has its headquarters in Shinjuku-ku, Tokyo. The company intends to invest in people, grow the number of facilities, and improve its software solutions with the most recent round of funding. These programmes are intended to hasten StayX’s expansion and support Japan’s tourism-driven economy.
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Japan’s tourist sector is recovering quite well; in 2023, the number of foreign visitors is expected to reach 25 million, almost back to levels observed before the pandemic. Beyond tourism, the private lodging industry also gains from the industry’s renaissance. Matsuri Technologies intends to take advantage of these circumstances by improving its software, growing its facilities, and stepping up its hiring initiatives.
The new funding round brings financial resources as well as strategic partnerships. Nikhil Marwaha, Senior Executive Director of VVSEAI, expressed his enthusiasm by saying, “We are pleased to announce our investment into Matsuri Technologies Inc, an innovative company operating in Japan’s rapidly growing tourism industry. Matsuri Technologies Inc meets both B2B and B2C consumer needs with its unique business model and robust technology platform. We look forward to partnering with Matsuri Technologies to accelerate growth within Japan and the wider region.”
Matsuri Technologies wants to expand worldwide with the new investment, portraying StayX as a global space optimisation solution. In pursuit of its goal of becoming the Future Real Estate Platform, the company is actively hiring outstanding people.
About Matsuri
Matsuri Technologies Inc meets both B2B and B2C consumer needs with its unique business model and robust technology platform.
