AAA Hyakusenrenma opens doors to Keio in $13m round

Hyakusenrenma opens doors to Keio in $13m round

Japan-based holiday accommodation rental platform Hyakusenrenma has raised ¥1.4bn ($13m) in a round that included railway operator Keio Corporation, The Bridge has reported.

The round also featured investment holding company Aid Partners Capital Holdings and the Japanese state-backed Cool Japan Fund.

Hyakusenrenma operates two services: a private house and room rental platform similar to Airbnb called Stay Japan, and an adjacent service named Tomarina that focuses on the homes of farmers and fishermen.

The funding will be used to make the company’s services multilingual, meaning they can be accessed more easily by international travellers.

The latest round follows an undisclosed amount of funding from social media services provider GaiaX in November 2015. World Innovation Lab supplied ¥200m of seed capital for Hyakusenrenma in mid-2014.

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