Mynavi Bridge Co., Ltd. (Representative Director: Yasushi Shoji) has executed venture debt to LocationMind Inc. (Representative Director and CEO: Naoki Kiritani), a company developing location intelligence AI and space businesses.

- Background and Purpose of This Transaction LocationMind is a technology venture with roots in the Shibasaki Ryosuke Laboratory at the University of Tokyo, which boasts advanced research achievements in the field of spatial information engineering. Utilizing multi-layered location data spanning over 150 countries worldwide, the company deploys "Real World (Geospatial) AI" that performs human flow analysis, prediction, and simulation through proprietary analytical technology, earning high praise from both government agencies and private enterprises.

In recent years, the need for location data utilization has grown rapidly against the backdrop of advancements in human flow prediction technology, congestion countermeasures in tourist areas due to the recovery of inbound tourism, and the acceleration of smart city initiatives. Under these circumstances, the company was considering raising growth capital to strengthen its products and expand its organizational structure. Mynavi Bridge highly evaluated the company's technological superiority and market growth potential, deciding to provide funds through venture debt, which does not entail equity dilution.

- About Mynavi Bridge's Venture Debt Currently, there is a growing need in the startup market for flexible fundraising methods that combine not only equity but also debt. In particular, upfront investment-type startups will require more agile and flexible fundraising in the future, making capital strategies for the next large-scale round crucial. To solve the issues of startup financing, as seen in this case, Mynavi Bridge is strengthening its funding provision through "venture debt" aimed primarily at startup companies.

- Three Features of Mynavi Bridge's "Venture Debt" Service Introduction URL: https://corp.mynavibridge.jp/service/venture_debt

- Comments from Each Company LocationMind

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  • Source: PR TIMES
  • Category: Funding