WealthPark Raises JPY 907 Million for Digitalizing Alternative Investment Platform – Wire Real Estate

WealthPark Raises JPY 907 Million for Digitalizing Alternative Investment Platform




Aug 15, 2020

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WealthPark Co., Ltd. announced it has closed JPY 907 million (USD 8.5 million(1)) in financing. SBI Investment Co., Ltd. (SBI AI&Blockchain LPS), Mizuho Capital Co., Ltd. (Mizuho Growth Fund No.3 Limited Partnership), Aozora Bank, Ltd., Japan Finance Corporation, and various domestic and foreign investors participated in this round.

A year and a half pursuant to securing Series A financing of JPY 540 million (USD 5.0 million(1)), WealthPark continues its engineering-centric hiring strategy, strengthening corporate operation capabilities, and improving business foundations.

WealthPark closed JPY 907 million (USD 8.5 million(1)) in Series B to accelerate the next stage of growth after achieving steady growth through concerted efforts within the company. The latest financing round will bring its total raised amount to JPY 1,898 million (USD 17.7 million(1)).

Background

WealthPark provides an asset management platform targeting real estate management companies.

As of the end of July 2020, 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.

Service Enhancement & Future Expansion

As the premier communication tool between real estate management companies and investors, WealthPark is committed to strengthening its features and collaborating with different industry players to enhance its offerings.

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.

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.

A Word from WealthPark’s CEO

During the Series B financing round, we received overwhelming support from our existing investors as well as new partners such as Aozora Bank, angel investors and family offices with alternative investment backgrounds from the United StatesHong Kong, and Europe. We will continue working with property managers, developers, brokers, and financial institutions to help real estate, an illiquid asset class, be accessible in a low cost, convenient, and enjoyable way. 

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.

Comments from the Investors

SBI Investment Co., Ltd.

In Addition to our investment in Series A, we are very happy to be able to lead this additional financing for Series B. WealthPark has a unique worldview of digitizing alternative assets such as real estate, and many investors and real estate management companies are now using apps and systems.Compared with the Series A financing, WealthPark’s business has grown steadily and its business base has continued to accumulate. An excellent management team centered on the CEO Kawada is ready to expand the market rapidly along with the quick digital transformation. Additionally, WealthPark is not only aiming for Japan but also establish the foundation in developing global business. From all the above, we look forward to its future growth of WealthPark and decided to make additional investments.

The SBI Group mainly operates “Financial Services Business,” which provides comprehensive services related to finance, such as SBI SECURITIES Co., Ltd. and SBI Sumishin Net Bank, Ltd. and “Asset Management Business,” which provides services related to investment in domestic and foreign companies and asset management, such as SBI Investment Co., Ltd. We will support WealthPark’s further growth by utilizing and alliances with the SBI Group’s business and resources.

Mizuho Capital Co., Ltd.

Following the Series A round, we have decided to also participate in the current Series B round. WealthPark is providing a service platform fundamentally based on the simple and clear mission of “investing in real estate with technology”. Since the last round of financing, the user base of real estate management companies and real estate investors has been steadily increasing.  Through the proceeds from this round, WealthPark’s strategy is to strengthen the foundations of the platform by realizing the solution business and features to platform users, which were still in the planning stage in the previous round. We decided to make an additional investment based on the performance results, evaluation of the business strategy and forecasts. Mizuho Capital will continue to support WealthPark in achieving its vision of becoming the “world’s number one alternative investment platform”.

Aozora Bank, Ltd.

As a professional financial institution, Aozora Bank ‘s mission is to “contribute to the development of society through the creation of new value-added financial services”. By accelerating innovation in various business fields, Aozora strives to become the “New Japanese Partner Bank”, by leveraging a high degree of expertise, mobility, and flexibility. WealthPark is an IT start-up that leverages technology to service the real estate market. We decided to participate in the round from the expectation of partnership with Aozora Bank and the significant improvements in the real estate industry. Together with the entire Aozora Bank group, we will continue to support WealthPark’s growth towards the future.

List of Investors (no particular order)

  • SBI Investment (SBI AI&Blockchain LPS)
  • Mizuho Capital Co., Ltd. (Mizuho Growth Fund No.3 Limited Partnership)
  • Aozora Bank, Ltd.
  • Japan Finance Corporation
  • Marcus Everard: Investment Advisor, Tinshed Asia Limited
  • Varun Bery: Board member, Hong Kong Venture Capital and Private Equity Association
  • Water Cheung: Senior Principal & Asia-Pacific CEO, StormHarbour Securities LLP
  • Other angel investors and family offices from both Japan and abroad

About WealthPark

WealthPark provides management support tools that promote business efficiency to real estate management companies. Since the beginning of the service launch, it has been used by many real estate management companies both domestically and abroad. In addition, the WealthPark Mobile App, a communication tool between real estate management company and its customers (real estate investors), is currently available in four languages (Japanese, English, Traditional Chinese, and Simplified Chinese) and used in six regions.

Among the 91 employees, approximately half are foreign nationals and come from 13 different countries. In addition to being from the real estate industry, the team also includes members from well-known manufacturers, consulting firms, investment banks, funds, E-commerce, and other industries creating a diverse team.

Head Office

3F Mitomi New Building 1-20-18, Ebisu, Shibuya-ku, Tokyo 150-0013, Japan

Total Capital

JPY 1,898 Million

CEO

Ryuta Kawada

Employees

91 (as of July 1st, 2020)

Locations

Japan, Shanghai, Hong Kong, Taipei, New York

Service Areas

Japan, mainland China, Taiwan, Hong Kong, the United Kingdom, the United States

Website

https://wealth-park.com/en/

See Campaign: https://wealth-park.com/en/
Contact Information:
Ryuta Kawada

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