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Japan Dealbook: Raksul secures $20m, Eisai partners Mamorio to treat dementia

Deal Street Asia 2016-08-05 00:00:00

Japan Dealbook: Raksul secures $20m, Eisai partners Mamorio to treat dementia

Temple in Kiyomizu,Japan. Credit:Flickr/Caribb

Printing startup Raksul has secured $20.2 million funding while Eisai, in conjunction with startup Mamorio, have collaborated on a tracker for those with dementia.

Japanese Raksul secures $20.2 million funding

Tokyo-based online printing startup Raksul announced that it has raised $20.2 million in funding from Fidelity Investments and Development Bank of Japan. This funding follows up on the $33.7 million series C round in February 2015.

Founded in 2009, Raksul, a fabless company, is one of the highest funded startups in Japan with $78 million in venture funding. Investors from prior rounds include Opt, Global Brain, GMO Venture Partners and Global Catalyst Partners.

The latest investment will be used in making improvements in human resource quality and in developing marketing strategy for its new, on-demand delivery service Hacobell. Raksul has an international presence, with investments in India’s online printing marketplace Inkmonk following their previous investment in Indonesia’s Prinzio in November of 2015.

Eisai collaborates with Startup to treat dementia

Eisai, a major Japanese pharmaceuticals major and Tokyo-based startup Mamorio, are developing the Me-Mamorio tracking tool, a small tag which utilises short-range wireless Bluetooth connection on smartphones to support people with dementia.

The two Japanese firms aim to create a community support network to look out for people with dementia. Eisai has signed agreements with medical associations and local governments in 65 locations across Japan.

When a dementia sufferer carries the Me-Mamorio tag pass, people in the community who have the application installed on their smartphones can track the user. This data is then automatically transmitted to care workers and family members.

Tags: Eisai Mamorio Raksul