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estie Inc. Secures JPY 2.8B Series B from Vertex Growth and Development Bank of Japan for Expansion

TOKYO: estie Inc., a leading Japanese prop-tech startup, announced the successful close of a JPY 2.8B (USD 20M) Series B round to accelerate growth and expand its presence in Southeast Asia. The round was led by Vertex Growth, a venture capital fund backed by Temasek’s Vertex Holdings, and the Development Bank of Japan (DBJ). Existing investors, including Globis Capital Partners (GCP), University of Tokyo Edge Capital Partners (UTEC), and Global Brain (GB), also participated.

The new funding will support Estie’s multi-product strategy, focusing on providing comprehensive digital solutions for commercial real estate clients. The capital will be used to facilitate strategic mergers and acquisitions (M&A), expand product development, and recruit top talent to maintain a competitive edge. By integrating artificial intelligence (AI) with its proprietary data, Estie aims to further drive digital transformation in Japan’s real estate industry, particularly in leasing and transactions.

Founded in 2018, Estie is capitalizing on Japan’s digital shift in commercial real estate. Despite Japan’s ranking as the third-largest commercial real estate market globally, data transparency remains a challenge. Estie addresses this gap through its expansive data infrastructure, including one of Japan’s largest office data platforms, Estie Market Research.

As part of its long-term strategy, Estie plans to expand into Southeast Asia, starting with Singapore. The company aims to provide Southeast Asian investors with comprehensive insights into Japan’s real estate market and establish itself as a regional player offering a one-stop data platform for global real estate investors.

Ei Hirai, Founder and CEO of Estie, expressed excitement about the new investment, highlighting the support from Vertex Growth and DBJ. He noted that the collaboration validates their shared vision of building digital infrastructure for the real estate industry, a vital sector for Japan’s economy.

Tam Hock Chuan, General Partner at Vertex Growth, praised Estie’s growth potential, likening its impact on real estate to Bloomberg’s role in the financial sector. He expressed confidence in Estie’s business model and looks forward to supporting its expansion across Southeast Asia.

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