Micoworks careers

Micoworks Inc., a Japanese developer and provider of the MicoCloud and Micomii marketing platforms, has on Wednesday announced the successful raising of JPY 3.5 billion ($24.5 million) in a Series B funding round.

Micoworks said in a statement that the latest funding round was led by Vertex Growth, a growth-stage venture capital fund anchored by Vertex Holdings, a subsidiary of the global investment company Temasek.

Participating investors in this round included JAFCO Group Co., Ltd., Mitsubishi UFJ Capital, SMBC Venture Capital, and Mizuho Capital. Existing investors, such as ALL STAR SAAS FUND and Eight Roads Ventures Japan, also contributed.

To date, the company has raised approximately JPY 6.3 billion ($43.94 million), with this round bringing in approximately JPY 2.8 billion ($19.53 million).

According to the statement, Micoworks will utilize the newly acquired funds to enhance their product features and strengthen their organizational capabilities, with plans to expand into the Asian region.

The company is currently setting up development teams in Philippines and Taiwan, recognizing Asia as a key market due to the rapid rise of Conversational Commerce in the region.

Micoworks also aims to broaden its reach to Taiwan, Thailand, and other Asian countries where the LINE business platform has a significant presence.

Beyond the LINE ecosystem, the company intends to integrate MicoCloud with various popular communication channels in Asia.