Sumutasu (株式会社すむたす) operates an iBuyer service focused on condominium resale, using AI appraisal to reveal a sale price in as little as one hour. The service lets homeowners sell at their preferred timing, simplifying the sales process and reducing psychological and time-related stress. Sumutasu runs a real estate purchase-and-resale business (不動産買取再販業) and positions its product as a new, streamlined condominium sale experience. The company highlights an emphasis on customer experience and leveraging deep operational knowledge to support its service. Sumutasu was founded in January 2018 and is headquartered in Nihonbashi, Chuo-ku, Tokyo. The company is led by representative 角 高広. The article does not disclose revenue or other operating metrics. Sumutasu operates a direct online real estate purchase service using an iBuyer model: it buys houses from homeowners, renovates them at scale, and resells them. The company says its platform can provide a fair house valuation in an hour and it does not charge seller commissions or processing fees. Sumutasu has purchased approximately 100 properties, currently lists about 30 properties, and partners with more than 20 banks and remodeling companies; the team totals 30 people. With the latest funding, the company plans to buy more houses, launch a mortgage brokering service next year, expand into Osaka and Nagoya, increase sales five-fold compared to 2021, and grow its headcount. Financially, Sumutasu secured $8.2M in equity and $1.6M in debt in the most recent financing and has raised $16M in total since its 2018 inception.

Total raised

$10M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Apr 2022