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

Japan's retail solution startup Hey raises $66Mn E round led by Bain Capital Ventures

Japan’s retail solution startup Hey, the tech firm behind payments startup and e-shop builder, has secured $66Mn in its series E funding round led by Bain Capital Ventures.

The list includes Participating investors in this round are Bain Capital, Hong Kong-based Anatole, Goldman Sachs, PayPal, YJ Capital (investment arm of Yahoo Japan) as well as World Innovation Lab (WiL).

The company has not revealed the size of the entire round but their statement reveals Bain Capital alone will invest 7 billion yen (about $66 million) in this deal.

Related – Healthtech startup Ubie secures $18.7Mn series B funding round

The company would utilize the new funds to expand its research and development capabilities, hire new talent for sales and engineering roles, and scale its products.

Along with the funds, the company is planning acquire a full stake in Coubic, a tech startup behind scheduling and appointment booking solution under the same name.

Coubic has recently integrated with “Reserve with Google”, which now allows consumers to make bookings or purchase tickets through Google Search and Maps from the local businesses using Coubic.

Related – Japanese startup PlayBrain secures $6M in Series A led by Bitkraft .

Coubic has also recently integrated with Zoom in aim to help retailers offer online counseling or other learning services under the COVID-19 pandemic.

Cubic was founded in October 2013 by Ex Google Employee Hiroshi Kuraoka , has now 2.5 million monthly active users and is serving more than 80,000 companies and individuals across over 180 business categories.

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