The Venture Codex

Participated · Series B · Jan 2024

Hexabase offers a cloud-native development platform (branded as the BaaS “Hexabase”) built on a proprietary microservices foundation running on Kubernetes. The platform supplies backend functions commonly needed for business systems—databases, user management, workflows—so teams can release cloud-native systems faster. The company emphasizes a strong global engineering team and has successfully recruited high-skill engineers from around the world despite a tight IT labor market. Management says the product is designed to be easy for Japanese enterprises to adopt, supporting domestic DX and new business system development. Leadership indicates the business is accelerating growth and moving to the next stage, with continued focus on reliability improvements and team building. Financially, Hexabase completed a Series B funding of ¥720 million, bringing cumulative capital raised to ¥1.17 billion.

Participated · Series A · Nov 2021

oVice offers fully customizable virtual spaces designed for offices, online classrooms, and event venues to facilitate collaboration and talent management in hybrid and remote workplaces. The company is led by CEO Sae Hyung Jung and is based in Nanao, Japan. It intends to use new funding to build solutions that streamline remote and hybrid work and facilitate employee onboarding, team management, and online collaboration. As of 2022, oVice has long-term contracts with over 2,200 organizations and reports more than $6 million in annual recurring revenue. The platform records over 60,000 daily active users and more than 30,000 spaces created since launch. Total capital raised to date was reported at $45 million following the latest round. oVice is a Nanao, Japan-based provider of ‘Virtual Spaces’ that can be used as offices and events. The company builds tools for remote work and events. It is led by CEO Sae Hyung Jung. oVice raised $18M in Series A funding. The company intends to use the funds to expand operations and its business reach internationally. It plans to further develop the product with additional integrations with telework-related tools such as video conferencing systems and chat tools.