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Corporate Venture

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Investments

24

Portfolio Exits

2

Funds

1

About MTG Ventures

MTG Ventures is the corporate venture capital arm of Japanese brand development company MTG (TYO: 7806). It specializes in investments in beauty & wellness, food tech, and sports tech.

MTG Ventures Headquarter Location

2-8-24 Nishiki, Naka-ku 8F

Nagoya, 460-0003,

Japan

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Latest MTG Ventures News

SynchroLife Raises $2.6M for Restaurant App That Rewards Reviews with Cryptocurrency

Jun 3, 2020

Ginkan, the Tokyo-based company behind restaurant discovery and review app SynchroLife, announced yesterday that it had raised a $2.6 million Series A round of funding (hat tip to beincrypto ). This round was led by MTG Ventures, and brings Ginkan’s total amount of funding to $3.7 million. SynchroLife bills itself as a restaurant review platform that combines AI with cryptocurrency. Users that post “high-quality” restaurant reviews and information are rewarded with SynchroCoin (SYC), the platform’s own cryptocurrency. Restaurants can also be on the platform to offer SynchroCoin-based coupons. On its website, Ginkan says its token system will eventually be used as payment at restaurants. Beincrypto writes that SynchroLife already has more than 210,000 reviews of 100,000 different restaurants. The company uses this growing database of reviews as the basis of its AI to make restaurant recommendations. The SynchroLife app is available in 155 countries and in English, Japanese, Chinese, and Korean. Restaurant reviewing has definitely gotten more difficult over the past few months, as the COVID-19 pandemic forced dining rooms to close. To adapt, last week SynchroLife expanded its restaurant recommendation and review platform to takeout meals. There is definitely an opportunity for a new restaurant review platform to capture eaters’ attention. Longtime social reviews site, Yelp, had to lay off 1,000 employees and furlough another 1,100 in April as restaurants across the country shuttered. Google, on the other hand, has been building up its own restaurant discovery tools. Last year Google Maps started surfacing popular dishes in restaurant search results. Regardless, with fresh capital in the bank, SynchroLife can expand and see if cryptocurrency rewards are enough to carve out its own niche to attract and keep restaurant reviewers on its platform. Get The Spoon in Your Inbox Leave this field empty if you're human: Related

MTG Ventures Investments

24 Investments

MTG Ventures has made 24 investments. Their latest investment was in EUPHORIA as part of their Series C on May 5, 2022.

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MTG Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/25/2022

Series C

EUPHORIA

$5.5M

Yes

1

5/9/2022

Seed VC

Wellpharma

$1.16M

Yes

POLA ORBIS Holdings, and Undisclosed Investors

2

3/30/2022

Series B

DINETTE

No

3

10/13/2021

Series C

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10

9/28/2021

Seed VC

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10

Date

5/25/2022

5/9/2022

3/30/2022

10/13/2021

9/28/2021

Round

Series C

Seed VC

Series B

Series C

Seed VC

Company

EUPHORIA

Wellpharma

DINETTE

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Amount

$5.5M

$1.16M

New?

Yes

Yes

No

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Co-Investors

POLA ORBIS Holdings, and Undisclosed Investors

Sources

1

2

3

10

10

MTG Ventures Portfolio Exits

2 Portfolio Exits

MTG Ventures has 2 portfolio exits. Their latest portfolio exit was Ryukyu Asteeda Sports Club on March 30, 2021.

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

3/30/2021

IPO

$99M

Public

2

2/5/2021

IPO

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$99M

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10

Date

3/30/2021

2/5/2021

Exit

IPO

IPO

Companies

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Valuation

$99M

$99M

Acquirer

Public

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Sources

2

10

MTG Ventures Fund History

1 Fund History

MTG Ventures has 1 fund, including MTG Ventures I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

MTG Ventures I

2

Closing Date

Fund

MTG Ventures I

Fund Type

Status

Amount

Sources

2

MTG Ventures Team

1 Team Member

MTG Ventures has 1 team member, including current Chief Executive Officer, Go Fujita.

Name

Work History

Title

Status

Go Fujita

Chief Executive Officer

Current

Name

Go Fujita

Work History

Title

Chief Executive Officer

Status

Current

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