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Venture Capital
FINANCIAL | Investment Firms & Funds
techaccel.co.jp

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Investments

24

Portfolio Exits

2

Funds

1

About TechAccel Ventures

TechAccel Ventures is a Japanese venture capital firm that invests mainly in tech venture companies.

TechAccel Ventures Headquarter Location

Cross Office Mita 4F 5-29-20 Shiba, Minato-ku

Tokyo, 108-0014,

Japan

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Latest TechAccel Ventures News

Aroma Bit Receives Additional Capital Investment Funding From Epson X Investment, Kyocera, and TechAccel Ventures

Feb 9, 2021

By Entering mass production phase for compact odor digitization sensor TOKYO–(BUSINESS WIRE)–Aroma Bit, Inc., (Representative Director & CEO: Shunichiro Kuroki, headquarters: Chuo-ku, Tokyo), develops and markets compact odor imaging sensors and various related innovative services, has allocated additional shares to third-parties. The purpose of the funding is to acquire growth funds needed for future functionality enhancements of the company’s compact odor sensors and development of mass production capabilities, business development, and etc. EB-GB Limited Partnership funded by Epson X Investment Corporation (Representative Director: Yasunori Ogawa, headquarters: Chiyoda-ku, Tokyo), Kyocera Corporation (President: Hideo Tanimoto, headquarters: Kyoto City, Kyoto), and TechAccel investment limited partnership 1 (fund operated by TechAccel Ventures, LLC (Functional Manager: Masatoshi Ohba, headquarters: Minato-ku, Tokyo)) are the investment partners participating in this new capital investment. Aroma Bit, Inc.: http://www.aromabit.com Purpose and background of the increased capital investment: Support for acceleration of the compact odor sensors’ mass production and expansion of the digital odor sensing market Aroma Bit has developed the world’s first compact odor imaging sensor that digitizes odors with visualization patterns from various odor inputs, similar to an animal’s sense of smell. It differs from conventional gas sensors, which can only detect specific substances. Despite COVID-19, Aroma Bit has seen an increase in business negotiations with customers both in Japan and internationally accelerated by emerging trends such as smart technology, contactless technology, and digital transformation (DX). Furthermore, the device has a wide range of applications, including the food, agriculture, daily commodities, industrial machinery, mobility, healthcare, robotics, mobile information service, home electronics, and IoT industries. With market applications exceeding initial expectations, there is considerable potential demand for odor digitization using Aroma Bit’s innovative technology. After this third-party allocation of new shares, Aroma Bit plans to collaborate with major electronic device companies with advanced manufacturing expertise to accelerate development and mass production of compact odor sensor technologies. Additionally, Aroma Bit plans to strengthen development of new products and services that leverage the company’s proprietary odor databases, and expand its sales and marketing worldwide. In the future, Aroma Bit will continue to pursue its vision of “Enrich Society by Creating a World where Odors and Aromas are Visualized through Digital Odor Sensing Technology.” Release of development kit for silicon CMOS compact odor sensors Aroma Bit launched its silicon CMOS sensor module development kit [5C-SSM-H1] in January of 2021. Those sensors feature 80 elements arranged on a 6 mm x 3 mm silicon chip (5 types of odor-sensitive membrane x 16 elements per membrane). Aroma Bit Silicon Sensor Technology, Inc., a subsidiary of Aroma Bit manages sales for these devices. With the release of the silicon CMOS odor sensor, Aroma Bit anticipates increased demand in high-volume consumer applications such as mobile devices, mobility, and home electronics, where its other QCM odor sensor use was previously difficult due to factors such as price and usage environment. About Aroma Bit Aroma Bit is a company that plans, develops, and sells electronic devices such as compact odor sensors as well as innovative new services that use these devices. [Company Profile] Kyocera Corporation (TOKYO:6971, https://global.kyocera.com/ ), the parent and global headquarters of the Kyocera Group, was founded in 1959 as a producer of fine ceramics (also known as “advanced ceramics”). By combining these engineered materials with metals and integrating them with other technologies, Kyocera has become a leading supplier of industrial and automotive components, semiconductor packages, electronic devices, smart energy systems, printers, copiers, and mobile phones. During the year ended March 31, 2020, the company’s consolidated sales revenue totaled 1.6 trillion yen (approx. US$14.7 billion). Kyocera is ranked #549 on Forbes magazine’s 2020 “Global 2000” list of the world’s largest publicly traded companies. About TechAccel Ventures TechAccel Ventures, LLC is a venture capital firm established and operated by Omron, Ricoh, and SMBC Venture Capital. It invests mainly in tech venture companies. Contacts

TechAccel Ventures Investments

24 Investments

TechAccel Ventures has made 24 investments. Their latest investment was in Light Touch Technology as part of their Seed VC - II on July 7, 2021.

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TechAccel Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/5/2021

Seed VC - II

Light Touch Technology

$1.08M

Yes

1

6/29/2021

Series A

KOALA Tech

$3.62M

Yes

2

2/18/2021

Series A

Siru+

$4.74M

Yes

2

2/9/2021

Series B

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$99M

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10

8/31/2020

Series B

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$99M

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10

Date

7/5/2021

6/29/2021

2/18/2021

2/9/2021

8/31/2020

Round

Seed VC - II

Series A

Series A

Series B

Series B

Company

Light Touch Technology

KOALA Tech

Siru+

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Amount

$1.08M

$3.62M

$4.74M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

2

2

10

10

TechAccel Ventures Portfolio Exits

2 Portfolio Exits

TechAccel Ventures has 2 portfolio exits. Their latest portfolio exit was Robot Fund on March 31, 2020.

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

3/31/2020

Corporate Majority

$991

1

00/00/0000

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10

Date

3/31/2020

00/00/0000

Exit

Corporate Majority

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Companies

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Valuation

$991

Acquirer

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Sources

1

10

TechAccel Ventures Fund History

1 Fund History

TechAccel Ventures has 1 fund, including TechAccel I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/1/2016

TechAccel I

Early-Stage Venture Capital

$40.59M

1

Closing Date

3/1/2016

Fund

TechAccel I

Fund Type

Early-Stage Venture Capital

Status

Amount

$40.59M

Sources

1

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