HashPort Raises Over 1.2 Billion Yen in Round C Financing

On April 19, it was reported that Hash Port, a Japanese Web3 company, had completed round C financing of more than 1.2 billion yen (8.9 million US dollars) through a third-party rights issue. The investors included usaku Maezawa (Maezawa’s work), known as the Japanese Musk, Shizuoka Capital, Venture Labo Investment, CVC Fund controlled by Tokyu Real Estate Holdings Co., Ltd., Sumitomo Mitsui Banking Corporation, etc. Currently, HashPort’s total financing amount is approximately 2 billion yen (14.8 million US dollars).

HashPort, a Japanese Web3 company, completed a financing of over 1.2 billion yen, with Maezawa Youzuo participating in the investment

Introduction

On April 19, HashPort, a Japanese Web3 company, made headlines when it announced that it had successfully completed its third round of financing, raising over 1.2 billion yen (8.9 million US dollars) through a third-party rights issue. This brought the total financing amount for the company to approximately 2 billion yen (14.8 million US dollars) and caught the attention of investors, including well-known figures such as usaku Maezawa and Shizuoka Capital. In this article, we will delve deeper into what HashPort does, who its investors are, and what this latest round of financing means for the company moving forward.

Overview of HashPort

HashPort is a Japanese company that focuses on Web3 technology, which involves the development of decentralized applications (dApps) and blockchain-based solutions. The company’s goal is to provide users with a more secure, decentralized, and transparent internet experience, allowing for greater user control and privacy in the online world. HashPort has already developed several dApps, including a peer-to-peer (P2P) lending platform and a token issuance platform.

Who Invested in HashPort’s Round C Financing?

HashPort’s latest round of financing attracted a variety of investors, including usaku Maezawa, a well-known Japanese entrepreneur who made his fortune through the online fashion retailer, Zozo. Other investors included Shizuoka Capital, Venture Labo Investment, CVC Fund controlled by Tokyu Real Estate Holdings Co., Ltd., and Sumitomo Mitsui Banking Corporation. This diverse group of investors highlights the growing interest in Web3 technology and decentralized applications, as well as the potential for HashPort to be a major player in this field.

What Does This Latest Round of Financing Mean for HashPort?

With over 1.2 billion yen raised in its third round of financing, HashPort can now continue to develop new dApps and expand its current offerings. This funding will also allow the company to hire new talent and strengthen its position as a leader in Web3 technology. Additionally, the investment from Sumitomo Mitsui Banking Corporation demonstrates that traditional financial institutions are taking notice of the potential of blockchain-based solutions and are willing to invest in companies like HashPort that are working in this space.

Conclusion

HashPort’s successful round C financing is a significant milestone for the company and for the Web3 technology industry as a whole. It demonstrates the growing interest and investment in decentralized applications and blockchain-based solutions, and highlights the potential for companies like HashPort to be leaders in this space. Moving forward, investors and industry experts will be keeping a close eye on HashPort and its continued development.

FAQs

**Q1. What is Web3 technology?**
Web3 technology is a term used to describe the development of decentralized applications (dApps) and blockchain-based solutions that provide users with a more secure, decentralized, and transparent internet experience.
**Q2. Who are some of HashPort’s investors?**
HashPort’s investors include usaku Maezawa, Shizuoka Capital, Venture Labo Investment, CVC Fund controlled by Tokyu Real Estate Holdings Co., Ltd., and Sumitomo Mitsui Banking Corporation.
**Q3. What does HashPort do?**
HashPort is a Japanese company that focuses on developing Web3 technology solutions, including decentralized applications and blockchain-based platforms.