UPSIDER BLUE DREAM Fund Grants Financial Support to Kauche Co., Ltd.
The UPSIDER BLUE DREAM Fund, established under a joint venture between UPSIDER and Mizuho Financial Group, has carried out a significant financial investment of 800 million yen to Kauche Co., Ltd. This move highlights the fund's commitment to supporting growth-stage startups in Japan.
About Kauche Co., Ltd.
Founded with the vision of creating a new shopping experience, Kauche operates an innovative shopping app designed to enhance customer engagement. The app not only facilitates purchasing but also provides an enjoyable shopping experience, setting it apart from traditional e-commerce platforms. Kauche aims to transform the digital shopping landscape into a place of fun and excitement for both consumers and merchants alike. Through gamification features like 'Kauche Farm' and user-generated content, the app creates a unique online shopping experience that transcends mere convenience or price competition.
UPSIDER Capital, led by President Naoki Ishigami, recognizes Kauche's ambitious goal of cultivating everyday enjoyment through a modern e-commerce model. The fund’s support is powered by an advanced credit scoring model utilizing UPSIDER's proprietary AI technology, which facilitated this large-scale financing.
The Vision Ahead
The UPSIDER BLUE DREAM Fund aims to redefine venture debt financing, particularly for middle and late-stage startups. With a catchphrase of "Together, Quickly, Farther," the fund has a remarkable goal of executing loans up to 10 billion yen with industry-leading speed, achieving 10 billion yen in loans by December 2024. This unique financing model aims to empower startups with crucial access to capital at pivotal junctures in their development.
Kauche Co., Ltd. CEO Kenpei Kadoma expressed his gratitude for the swift support from the UPSIDER BLUE DREAM Fund, noting the importance of rapid decision-making in the startup space. This funding will allow Kauche to further its vision of shaping a new shopping ecosystem, demonstrating the critical role that supportive partnerships play in the journey of ambitious startups.
Ishigami commented on his first experience with the Kauche app, expressing excitement at the engaging shopping experience it offers. The delivery of real commodities like rice and vegetables enhances the surprise and joy that users feel daily, making it a favorite app for many.
UPSIDER Capital’s Commitment to Industry Growth
Since its launch in December 2023, the UPSIDER BLUE DREAM Fund has prioritized quick assessments and disbursements for qualifying ventures. The fund executed its first loan within a month and plans to reach approximately 10 billion yen in total loans within its first year of operation.
In addition to financing, UPSIDER Capital is committed to fostering a healthy ecosystem for venture debt in Japan. They are taking active steps to contribute to the industry through various initiatives, including white papers on market trends relevant to venture debt and educational webinars for stakeholders.
As the venture debt market continues to evolve, UPDIDER BLUE DREAM Fund aims to provide new options for startups while bolstering industry growth. The fund seeks to collaborate with stakeholders in the sector to ensure a stable and expanding market.
For more information about Kauche, visit their corporate site at
Kauche Corporate Site. To learn more about UPSIDER Capital, feel free to check their website at
UPSIDER Capital.
Conclusion
The infusion of 800 million yen into Kauche Co., Ltd. represents a significant milestone for both the UPSIDER BLUE DREAM Fund and the growth of innovative startups in Japan. With a focus on speed and support, UPSIDER capital is shaping a promising future for the venture debt landscape, paving the way for dynamic and impactful enterprises.