SINGAPORE (Dec 6): Sansan, a Tokyo and Singapore-based company that provides cloud-based business contact management service, announced that it has raised JPY 3 billion ($36.2 million) in its latest Series E funding.
This brings Sansan’s funding to date to more than JPY 11.4 billion.
The Series E funding was led by Japan Post Capital, T.Rowe Price, SBI Investment, and DCM Ventures. This round of funding will help the company deliver on its mission in “turning encounters into innovation”.
As a cloud-based contact management service for businesses, Sansan converts business cards lying dormant within companies into actionable data. Using the Sansan scanner or with a phone, business cards are quickly and accurately digitised into contact data and uploaded to a cloud platform.
This then allows companies to add tags, notes and meeting reports to the individual contact to optimise their database and keep track of opportunities.
Currently, Sansan’s services have been deployed by over 7,000 companies worldwide, including Lenovo Group, A*Star, Ngee Ann Polytechnic, Sumimoto Chemical and more.
Furthermore, the company has a business-to-consumer app, Eight, for individual users, which provides options to users such as instant chat messaging and an activity feed.
Chika Terada, Founder and CEO of Sansan says, “It is an honour to have the backing of our investors and partners who clearly see great potential for what Sansan does - not just in Japan, but in more and more global markets. With fresh funding, we are well positioned to strengthen the whole value chain from marketing to sales and customer success.”
