Japanese B2B SaaS platform Josys bags $32 million in Series A

Josys, a Japan-based business-to-business (B2B) SaaS platform that focuses on digital transformations, has raised $32 million in its Series A funding round led by Global Brain, with participation from other investors.

• The fund will be used to expand its operations overseas, including Singapore, India, Australia, New Zealand, the UK, the Netherlands, Germany, the US, and Canada. The SaaS platform aims to launch in Singapore in early 2023. It will also use the raised funds to strengthen its research and development (R&D) team in India and the sales team in Japan.
• Josys, a spin-off from Raksul its parent company providing a B2B digital platform, launched its automated management IT devices and SaaS application in September 2021 to reduce IT operations costs and enhance security systems for IT firms.
• The SaaS startup prides itself on the unique feature that sets it apart from its competitors which is user empowerment through the offering of multiple professional services, such as device procurement, business process outsourcing and storage, and SaaS management.
• Josys has 29xed its monthly recurring revenues in nine months from Q1 to Q4 2022, it claims. It looks to further accelerate corporations' digital transformation, with ANRI, Digital Holdings, Yamauchi No 10 family office and World Innovation Lab (WiL) investing in its latest funding round.