Tokyo-Based Proptech startup WealthPark bags US$8.5Mn in Series B round

WealthPark bags US$8.5Mn in Series B round

WealthPark Co., Ltd. a Proptech startup Headquarter in Shibuya, Tokyo announced that it has raised JPY 907 million (USD 8.5 million) in a series B funding round. The latest financing round will bring its total funding to JPY 1,898 million (USD 17.7 million)

Related – Tokyo based AI startup Cogent Labs bags $13Mn to expand in Asia

The latest round of investment was raised from existing investors including SBI Holding’s asset management affiliate SBI Investment and Mizuho Bank’s venture capital arm Mizuho Capital, Aozora Bank, Ltd, Japan Finance Corporation, and various domestic and foreign investors participated in this round.

WealthPark provides an asset management platform targeting real estate management companies.As of the now , more than 70 companies and over 13,000 real estate investors are using WealthPark’s platform. The Platform is also used by overseas management companies to satisfy cross-border investors’ needs.

Related – Tokyo-based Hey raises $66Mn E round led by Bain Capital Ventures

Recent partnerships announced include SBI Sumishin Net Bank Ltd., PriceHubble, and DocuSign, which strengthened our offerings to real estate investors and real estate management companies.

WealthPark is committed to delivering further value to our clients by partnering with financial institutions to digitize transaction processes and enhance features in real estate management.

Digitalizing illiquid assets such as real estate is an arduous and time-consuming task. However, WealthPark will follow our vision of “helping investors achieve maximum returns” and continuously work hard on expanding our products, services, and customer communication.

The Platform is not limited to the “real estate” vertical but aims to use “technology” to drive “wealth management” for investors together with real estate management companies.

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