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Venture Capital
FINANCE | Investment Firms & Funds
accordventures.co.jp

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Investments

32

Portfolio Exits

1

Funds

1

About Accord Ventures

Accord Ventures is a venture capital firm that invests in companies throughout Japan.

Accord Ventures Headquarter Location

1F Hub Tokyo, 2-11-3 Meguro Meguro-ku

Tokyo, 153-0063,

Japan

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Accord Ventures Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Accord Ventures Rank

Latest Accord Ventures News

WOBB Will Tackle Youth Unemployment With RM5.4 Mil Funding

May 4, 2022

August 7, 2019 WOBB is a Malaysia-based job portal founded in 2014 that targets Gen Y and Gen Z job hunters. According to them, over 1.3 million job applications have been made through the platform to date aided by their efforts of holding career fairs and company tours. The platformspecialises in employer branding and improving the hiring process to helpemployers attract relevant candidates, and it does this by taking advantage ofbig data, using matching algorithms and AI chatbots for the screening process. On the 5th of August, WOBBannounced that they raised a pre-Series A investment of RM5.4 million from CACCAPITAL Investment Limited Partnership (CAC CAPITAL), Accord Ventures Inc(Accord Ventures) and Actcelerate International Group Ltd (AIG). The funding round was arranged by Cradle Fund Sdn Bhd , which has helped fund over 900 Malaysian tech startups throughout its 16-year history and holds the highest commercialisation rate amongst government grants in the country. Fumihiko Ishimaru,founder and CEO of Accord Ventures in Tokyo foresees opportunities for furthercollaborations with WOBB and assured that the platform would have the supportof networks not limited to Japan, but also other Asian countries. President and CEO of alsoTokyo-based CAC CAPITAL, Takuya Maeda said, “WOBB provides a means forcompanies to communicate their value… in a new perspective to Generation Y.” “We are proud to be acompany that (has) successfully attracted foreign direct investment (FDI) intoMalaysia,” said Derek Toh, founder and CEO of WOBB on their latest investorsbeing from Japan and Australia. What’s Next ForWOBB? The funds acquiredwill be used for growth acceleration and in capturing market share, with WOBB’simmediate goal being to dominate Gen Y hiring in Asia. “Our vision is to bethe largest youth platform in Asia, and successfully raising this round is anamazing endorsement and validation for us as we take another big step towardsthis vision,” Derek said. The company also aimsto tackle relevant issues that Asian youths face and will direct their effortstowards eradicating youth unemployment and increasing their individual earningpotential. “We are excited tocontinue to help our young talent build a strong foundation for life by firstlanding them the right job.” “We believe the reasonmany people are unemployed is because they are not applying to the rightcompanies and the platforms don’t help them stand out and sell themselvesbetter to these employers,” Derek told us. Through furtherproduct development, WOBB plans to evolve their tech-enabled recruitmentservice Hiredly.com. They will also be having an upcoming office in thePhilippines while increasing their headcount and WOBB’s general marketing. Believe In Your OwnIdea And Vision When asked what advicehe’d give to other startups looking for funding, Derek said, “Build a productand business that you truly believe in, and work hard on execution.” “Don’t worry so muchabout changing your pitch to adapt to what the investors want to hear. Becauseyou’ll soon realise that different investors care about different things andoften have conflicting opinions and ideas.” “As long as you fully believe in your own idea and vision, and your numbers are good, eventually you will meet an investor who shares your vision and sees what you see.” You can read more about WOBB here and here .

Accord Ventures Investments

32 Investments

Accord Ventures has made 32 investments. Their latest investment was in PID as part of their Seed VC on May 5, 2022.

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Accord Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/31/2022

Seed VC

PID

$1.55M

Yes

1

10/20/2021

Convertible Note

Engineerforce

$0.22M

Yes

3

6/11/2020

Series B

Zehitomo

$7.67M

No

7

5/21/2020

Seed VC

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$99M

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10

2/3/2020

Series B

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10

Date

5/31/2022

10/20/2021

6/11/2020

5/21/2020

2/3/2020

Round

Seed VC

Convertible Note

Series B

Seed VC

Series B

Company

PID

Engineerforce

Zehitomo

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Amount

$1.55M

$0.22M

$7.67M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

1

3

7

10

10

Accord Ventures Portfolio Exits

1 Portfolio Exit

Accord Ventures has 1 portfolio exit. Their latest portfolio exit was AI CROSS on October 08, 2019.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/8/2019

IPO

$99M

Public

9

Date

10/8/2019

Exit

IPO

Companies

Valuation

$99M

Acquirer

Public

Sources

9

Accord Ventures Fund History

1 Fund History

Accord Ventures has 1 fund, including Accord Ventures I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Accord Ventures I

Multi-Stage Venture Capital

Open

1

Closing Date

Fund

Accord Ventures I

Fund Type

Multi-Stage Venture Capital

Status

Open

Amount

Sources

1

Accord Ventures Team

1 Team Member

Accord Ventures has 1 team member, including current Chief Executive Officer, Fumihiko Ishimaru.

Name

Work History

Title

Status

Fumihiko Ishimaru

Chief Executive Officer

Current

Name

Fumihiko Ishimaru

Work History

Title

Chief Executive Officer

Status

Current

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