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Bank
FINANCE | Investment Banking
shigagin.com

Investments

12

Portfolio Exits

1

About Shiga Bank

The Shiga Bank (滋賀銀行) (TYO: 8366) is focused on the sustainable development and realization of prosperous living for regional communities and business partners to develop the future for all stakeholders.

Headquarters Location

1-38, Hamamachi

Otsu, 520-8686,

Japan

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Latest Shiga Bank News

WAmazing raises JPY 240 million in Series C 2nd funding, exceeding JPY 3 billion raised since its establishment

Apr 5, 2023

Shigagin Local Revitalization SD Fund Investment Limited Partnership (Shiga Bank) Gogin Capital 5 Limited Partnership The Chugoku Electric Power Co., Inc. Message from Fumiko Kato, Founder and CEO of WAmazing “Toward the Realization of Japan as a top international tourist destination after the pandemic” The Japanese government has set a goal of welcoming 60 million inbound travelers by 2030 and aims to increase domestic consumption by inbound travelers to JPY 15 trillion by then. In 2019, the number of inbound travelers was 31.88 million and the amount of their domestic consumption was JPY 4.8 trillion, while in 2030 the number of visitors and the amount of consumption are expected to grow approximately twice and three times higher, respectively. WAmazing is a platform that matches inbound travelers with tourism resources throughout Japan and provides online information on local businesses with attractive tourism products and services. Furthermore, we have created a one-stop platform service for inbound travelers where individual travelers to Japan can make reservations and payments, and we will strive to contribute to revitalization of local communities through inbound travelers and realize Japan as a top international tourist destination. About WAmazing WAmazing is a startup company founded in July 2016 that provides a tourism platform service for overseas visitors to Japan. WAmazing provides online (Web, App, WeChat) centralized travel reservation arrangements (OTA business) for the five major consumption categories (accommodation, sightseeing, shopping, transportation, and food & beverage) of inbound tourism to Japan. Free SIM distribution machines have been set up at 23 airports in Japan with regular international flights, and free SIM cards are being offered to increase our registered membership. The main service regions are Taiwan, Hong Kong, Mainland China, Southeast Asian countries, and Australia. WAmazing has built a business model in which growth is accelerated by synergy effects among the three business lines of OTA, Regional Tourism DX, and Inbound Marketing Consulting, and has increased sales and growth for seven consecutive fiscal years since its establishment. Services provided by WAmazing *The following are examples of traditional Chinese character versions of services WAmazing Discover (multilingual sightseeing guide for visitors to Japan) https://tw.wamazing.com/media/ WAmazing Stay (reservation service specializing in natural hot spring accommodations for visitors to Japan) https://tw.wamazing.com/yado/onsen WAmazing Shopping (tax-free online shopping service for inbound travelers) https://tw.wamazing.com/kaimono/ WAmazing Transport (transportation ticket purchase service for visitors to Japan) https://tw.wamazing.com/ticket/ WAmazing Play (activity reservation service for tourists visiting Japan) https://tw.wamazing.com/activity/ WAmazing Snow (snow activity reservation service for inbound travelers to Japan) https://tw.wamazing.com/snow/ WAmazing Insurance (travel insurance for tourists visiting Japan) https://tw.wamazing.com/insurance (2) Regional Tourism DX business (support projects for local governments, DMOs, DMC organizations, etc.) https://corp.wamazing.com/local-cooperation/ , https://corp.wamazing.com/info/ (3) Inbound Marketing Consulting business (inbound promotion support for Japanese companies) https://www.atpress.ne.jp/news/337474 WAmazing Recruitment Guide In order to grow our business, we urgently need to secure human resources as well as capital for growth. Openings: More than 40 positions in marketing, engineering, travel product planning, translation, planning and delivery, etc. WAmazing Recruiting Information

Shiga Bank Investments

12 Investments

Shiga Bank has made 12 investments. Their latest investment was in SmartRyde as part of their Series A - II on April 4, 2023.

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Shiga Bank Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/9/2023

Series A - II

SmartRyde

Yes

3

4/5/2023

Series C - III

WAmazing

$1.82M

Yes

2

3/14/2023

Loan - II

VPP Japan

$77.59M

Yes

1

3/14/2023

Loan

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$99M

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10

1/17/2023

Series B

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10

Date

4/9/2023

4/5/2023

3/14/2023

3/14/2023

1/17/2023

Round

Series A - II

Series C - III

Loan - II

Loan

Series B

Company

SmartRyde

WAmazing

VPP Japan

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Amount

$1.82M

$77.59M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

2

1

10

10

Shiga Bank Portfolio Exits

1 Portfolio Exit

Shiga Bank has 1 portfolio exit. Their latest portfolio exit was Money Forward on October 05, 2017.

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

10/5/2017

IPO

$99M

Public

4

Date

10/5/2017

Exit

IPO

Companies

Valuation

$99M

Acquirer

Public

Sources

4

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