Cocoo Strengthens Partnerships to Propel DX Initiatives in Aichi and Tokai

Cocoo Partners with Nagoya Capital Partners for DX Advancement

Cocoo Corp., headquartered in Chiyoda, Tokyo, led by CEO Yusuke Irie, has recently strengthened its collaboration with Nagoya Capital Partners, a subsidiary of Nagoya Bank and based in Nagoya, Aichi. This partnership aims to accelerate digital transformation (DX) initiatives, workforce development, and job creation in the Aichi and Tokai regions.

Background of the Collaboration

Cocoo has long committed itself to the realization of its long-term management plan, "VISION 2030," which aspires to become the leading company in producing DX talents. Among its many strategies, promoting local revitalization has been marked as a top priority. Since April 2023, with the establishment of its Fukuoka Office, Cocoo has aimed to create five regional offices across Japan by June 2025 in cities including Osaka, Toyama, Hamamatsu, and Kitakyushu.

In addition, since 2022, Cocoo has successfully executed capital raises involving private placements targeting six regional bank-affiliated venture capital firms. The collaborations with these banks have facilitated numerous matchmaking and networking events designed to address various challenges, such as inefficiencies and talent shortages in local businesses.

The new capital injection from Nagoya Capital Partners will further enhance Cocoo’s efforts in fostering DX talent through educational programs, aligning closely with the local enterprises’ developmental needs. Cocoo is positioned to significantly contribute to sustainable regional development through this collaboration.

Cocoo’s Regional Revitalization Initiatives

Cocoo’s guiding principle is to create a society where diversity and inclusion through digital power are commonplace. As part of its initiatives, Cocoo uses a “locally sourced, locally active” model to combat the pressing labor shortages faced by rural areas caused by declining demographics. By employing digital novices at a local level as full-time staff, Cocoo plans to grow a self-sustaining ecosystem aimed at businesses’ DX advancements. This model not only aids in creating job opportunities but also works towards eliminating wage disparities across regions, thereby delivering a conducive environment for businesses to thrive.

Through its long-term management plan, "VISION 2030," Cocoo emphasizes creating 30 regional offices, aiming to directly tackle the labor shortage challenge and nurture local talent.

Excited Comments for the Partnership

Nagoya Capital Partners

Director Masashi Ishii expressed his enthusiasm for Cocoo's services, particularly their focus on enhancing labor productivity and addressing the declining workforce challenge through digital transformation services like "EXCEL Women." The partnership not only aligns with Nagoya Capital Partners' mission to support venture firms but also reinforces their belief in service-driven economic development, adding value to local enterprises and regions.

Cocoo Corporation

CEO Yusuke Irie shared his satisfaction regarding the partnership with Nagoya Capital Partners. He emphasized that together with the Bank of Nagoya and its affiliates, they will not only accelerate business development in the Nagoya area but also advance job creation in Aichi, directly contributing to the overarching goals laid out in "VISION 2030."

About Cocoo Corporation

Cocoo Corp. bridges the gap posed by labor shortages through innovative digital-based solutions, enhancing businesses' growth while contributing positively to societal challenges. With a mission of fostering a society where all can thrive in inclusive workplaces, Cocoo is not only aiming for the top spot in nurturing female talent but is also dedicated to advancing local regions. Their initiatives underscore the firm’s resolve to combat labor issues and ensure a sustainable future for communities across Japan.

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