TRiCERA, Inc. (Headquarters: Minato-ku, Tokyo, Representative Director: Tai Iguchi, hereinafter "the Company"), operator of "TRiCERA ART", Asia's largest global art marketplace, announces that it has closed a Series B funding round in late May 2024 with investors including Nissei Capital Co., Ltd., existing investors, and new investors. This funding brings the Company's total funding raised to approximately 1 billion yen.
Since its establishment in November 2018, TRiCERA has been dedicated to building a platform that connects creators and art lovers globally, transcending language and geographical barriers under the vision of "No Borders for Creativity". In April 2023, TRiCERA launched "TRiCERA Resale", a service for the secondary trading of high-value art. The service leverages quantitative and qualitative analysis to provide transparent and objective market price information, thereby promoting fair trading and increased liquidity in the art market. As a result, the Company's growth has accelerated in the art investment field, achieving a record high monthly turnover of approximately 200 million yen in July 2024.
With the funds raised in this Series B round, the Company will invest actively in further business growth, including talent acquisition and accelerated overseas expansion.
■ Series B Funding Overview
Funding Amount: Undisclosed
Funding Method: Third-Party Allocation of New Shares
Closing Date: End of May 2024
Third-Party Allocation of New Shares Subscribers (Courtesy Titles Omitted): New Investors (Nissei Capital Co., Ltd., etc.), Existing Investors
Use of Funds:
① Hiring of management executives and other personnel for scaling up
② Establishment of overseas offices and hiring of personnel for overseas expansion
■ Comments from Investors
Menoa Horita, Capitalist, Nissei Capital Co., Ltd.
"After speaking with Mr. Iguchi, I was impressed by his passion for art and deep understanding of the industry. I believe he is an entrepreneur with the potential to win in the art industry, a huge and legacy-laden sector that he is boldly challenging.
The company's value proposition has been proven, as evidenced by the high repeat purchase rate among existing customers, and its business growth rate is high. We look forward to seeing TRiCERA expand its business globally, starting in Asia, and building a new ecosystem.
As a member of the team, I have already purchased three artworks through TRiCERA. I am committed to increasing my exposure to art on a daily basis and providing my full support to TRiCERA's business progress."
■ Comments from Tai Iguchi, Representative Director of TRiCERA, Inc.
"We are delighted to announce the completion of our Series B funding round.
We are honored that Nissei Capital and other investors believe in our potential and have placed their trust in us. We are seeing a rapid expansion of the artist and collector network that TRiCERA has built. With this funding, we aim to accelerate our global expansion and revolutionize the art industry through our services."
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