Transforming Lost and Found Services: The Rise of Cloud Technology in Japan
In a significant move for the lost and found technology sector, find Inc., headquartered in Minato, Tokyo, recently welcomed major investors including Rice Capital, led by Taro Fukuyama, and Boost Capital, under the leadership of Takao Ozawa. This capital involvement follows a secondary transaction where existing shareholders transferred their stakes, bringing these pioneering partners onboard to bolster the company's governance and operational framework.
Background and Purpose of Investment
Since its inception, find has been committed to maximizing efficiency in lost item management through its innovative cloud service powered by AI technology. The platform has seen extensive deployment across a wide range of environments, including major transportation networks, commercial facilities, and leisure venues, both domestically and internationally.
The participation of these new investors is aimed at enhancing the company’s governance and strengthening its management structure by incorporating the extensive experience and networks of its partners. Moving forward, find plans to leverage the insights of these stakeholders to elevate its focus beyond corporate customers and expand individual services. Additionally, there is a distinct strategy to penetrate international markets, with targeted expansions in Taiwan and Singapore.
Expanding Individual Services and Global Strategy
Investment in Individual Services and Global Expansion: Building upon its core business with corporations, find aims to develop new individual-oriented services that provide lost item care even before it happens, alongside support for visitors to Japan. The new shareholder's robust networks will facilitate groundwork for entering overseas markets, specifically targeting countries such as Taiwan and Singapore.
Globalization and Functional Enhancement of Products: The company will deepen its localization efforts, accommodating different languages and adhering to various national regulations and operational customs to create a more user-friendly platform for infrastructure managers and users worldwide.
Strengthening Business Development and Global Talent Recruitment: To swiftly advance its initiatives for individual-oriented services and entry into international markets, find is ramping up its product development capabilities. This involves proactive recruitment of core personnel who will spearhead new business ventures and future global expansions.
Comments from Investors and Stakeholders
Taro Fukuyama, Rice Capital
Fukuyama expresses his enthusiasm for joining find's investment round, highlighting that his entrepreneurial journey in Silicon Valley has revealed the immense value of Japan's exceptional systems on a global scale. He views find as a representative example of this, as the company aims to digitize the traditional, analog processes surrounding lost items, relieving the burden on both facilities and users. He firmly believes that find's solutions hold significant potential for global markets beyond Japan, confidently asserting that what originated in Japan could become globally standard.
Takao Ozawa, Boost Capital
Ozawa shares his excitement with a spirited rallying cry: "Let's booooost together!"
Akira Takashima, CEO of find
Takashima expresses confidence at welcoming Rice Capital and Boost Capital into find’s journey, reinforcing the universal nature of lost item challenges worldwide. He anticipates leveraging this partnership to accelerate domestic implementation while positioning find as a leading digital standard for similar service expansions globally.
Overview of New Shareholders
Rice Capital: Led by Taro Fukuyama, this Silicon Valley-based fund supports startups in Japan and the USA.
- - Rice Capital Fund I, LP
- - Established: July 2024
Boost Capital: Founded in 2023 and located in Shibuya, Tokyo, this firm specializes in facilitating rapid growth in various businesses.
Boost Capital URL
About find Inc.
Founded in Tokyo, find Inc. focuses on technology-driven solutions for lost items, improving the retrieval process for lost and found items. The initiative aims to enhance user experience and operational efficiency for businesses.
find Corporate Site
About find Cloud Service
The find cloud service tackles common concerns of lost item owners using advanced technology, integrating with various platforms to upgrade its offerings continually. By providing a one-stop solution for lost item management—including increased return rates and improved communication with law enforcement—find is committed to fostering trust and security in social interactions across various environments.
find Cloud Service