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Sansan Inc. Closes $14M Venture Round Led by DCM
|By Business Wire
|May 19, 2014 07:01 AM EDT
Inc., the #1 contact management service provider in Japan, today
announced that it raised $14 million USD (¥1.46 billion JPY) in funding
led by venture capital firm DCM, with participation from institutional
and strategic investors. Sansan, which has already attracted over 2,000
corporate customers in Japan, will use the funds to launch its
cloud-based contact management service in the United States this month,
and rapidly accelerate its expansion into international markets.
Launched in 2007, Sansan’s unique cloud based contact management service
empowers business organizations to better leverage their relationships
and network. Sansan’s unique technology rapidly and accurately
transcribes business cards, and uploads them into a cloud-based contact
management platform. Furthermore, going beyond traditional contact
management, Sansan enables seamless collaboration around critical
business data – who met whom, when, where and why.
“With over 10 billion business cards exchanged each year, Sansan is the
first truly collaborative service for managing one of the oldest, yet
most valuable, relationship building tools in the world,” said Sansan
CEO Chikahiro Terada. “By automatically scanning business cards and
uploading structured data to the cloud, Sansan allows organizations to
more easily leverage their contacts in a collaborative way, while
increasing the productivity of sales teams and enhancing customer
relationships. By automatically bridging traditional offline business
practices with scalable online and mobile tools, we hope to delight
every business person in America with our simple yet powerful products.”
This round of financing fuels Sansan’s entrance into the U.S. market,
and Silicon Valley based DCM’s lead investment adds strong strategic
backing. “Business cards are a universal business tool used in every
country in the world,” said Osuke Honda, partner at DCM. “With its
simplicity and universal appeal, DCM is looking forward to supporting
Sansan’s growth not only in Japan, but in the American market as well.”
Domestic investors and partners also participated in the round,
including the Innovation Network Corporation of Japan, Nikkei Digital
Media, Energy and Environment Investment, Inc, and GMO Venture Partners.
These partners will strengthen Sansan’s market leadership in Japan,
furthering product innovation and marketing reach. Previous investors
Since its founding in 2007, Sansan has focused on delivering its
cloud-based contact management service to customers in Japan and beyond.
Sansan’s business card transcription service and cloud-based
collaborative contact management software has empowered businesses to
leverage and share their network as a team, enhancing productivity and
unlocking new opportunities. In May 2014, Sansan is launching its
platform for the U.S. market as the beachhead to further international
expansion. Sansan is based in Tokyo, Japan.
DCM is an early stage venture capital firm based in Silicon Valley,
Beijing, and Tokyo with more than $2.5 billion under management. DCM has
invested in more than 200 technology companies across the United States
and Asia, and provides hands-on operational guidance and a global
network of business and financial resources. DCM has backed industry
leading companies such as 51job, 58.com, About.com, BitAuto, Clearwire,
Dangdang, eDreams, Fortinet, Foundry Networks, Kabu.com, Luxin, PGP
Corporation, Pokelabo, Renren, SandForce, Sling Media, SMIC, StarFlyer,
Tuniu, VanceInfo, and Vipshop. DCM also invested in exciting, upcoming
startups such as Analogix, Arrayent, Bill.com, BitTorrent, Kakao, Happy
Elements, SoFi, Wandoujia, and Youxinpai.
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