Axxest has raised $5.7 million in a Series B round led by SoftBank Group, the Japanese conglomerate behind SoftBank Mobile and Sony Playstation.
The investment was announced Tuesday.
The company was founded by CEO Haruki Kitamura, who previously ran an incubator for Japanese startups, and is focused on helping Japanese tech companies and their founders get their product out to a wider audience.
“The idea is to provide a platform for Japanese tech startups to reach out to the global consumer market and gain market share, in the same way that the App Annie incubator does for American startups,” Kitamura said in a statement.
“Axxess is dedicated to helping these startups succeed in the Japanese market.”
Axxest, which is based in Tokyo, was founded in 2018 with the mission of helping Japanese startups grow their businesses and expand their product offerings.
The company has raised funding for the project in recent years, with some of the proceeds going to Axxent, Kitamura told Bloomberg News in May.
The $5 million round was led by China-based SoftBank Ventures and includes SoftBank, Sequoia Capital, and Y Combinator.
Kitamura and his team were instrumental in building Axxes vision vision for a Japanese startup, which they call Axxiss.
A series of “big bets” that have proven successful in Japan, including Axxen, Axxity, Axess, Axy, and Axxus, are now set to be rolled out in the U.S., according to Azzer.
Axxis “is very focused on expanding its global reach and building its business from a global perspective,” he added.