Japan's Tech Bureau backed by Shinsei Bank
Tech Bureau, the Japanese company behind the Zaif cryptocurrency exchange, has secured more than $760,000 in investment from Shinsei Bank and Q&A social community OKWAVE, following investments totalling $24m in August and September. The funds will be used to grow Tech Bureau's European and Asian presences and invest in new businesses, among other projects. Tech Bureau recently closed its inaugural token sale on its COMSA integrated platform, raising over $90m.

Tech Bureau, a leading Japanese blockchain and cryptocurrency company has announced that Shinsei Bank, a Japanese bank that provides a full range of financial products and services, and OKWAVE, the first and largest Q&A social community in Japan with bitcoin support and over 40 million users, have invested in Tech Bureau.

The brief history of Tech Bureau has seen the company launch the Zaif cryptocurrency exchange in the spring of 2015, its private blockchain product mijin swiftly followed in the fall of 2015. In 2016, Zaica, a token issuance service for corporations, and Zaif started to handle tokens as an exchange.

In August 2017, Tech Bureau announced its next development phase with the launch of COMSA, an integrated ICO solution and platform for enterprises that want to adopt blockchain technology and launch an ICO at the same time. The first token for sale on the platform is the COMSA (CMS) token issued by Tech Bureau itself, ending November 6, 2017 and which has sold USD $90 million so far.

The COMSA concept was conceived more than 2 years ago, and now it represents the ultimate integration of all products and services that Tech Bureau has to offer. Tech Bureau received $15M from Japan’s largest VC JAFCO in September, this was on top of a $9 million commitment in August from VCs Nippon Technology Venture Partners, FISCO Capitals, and ABBALab Inc. to support COMSA.

The investment from Shinsei and OKWAVE will go to support not just COMSA, but will help boost the ecosystem of Tech Bureau’s other businesses.

INVESTMENT BREAKDOWN:

Shinsei Bank – USD $460,500 OKWAVE – USD $307,000 (second investment)

FUNDRAISING PURPOSE:

Expand business and increase headcount.

Expand and improve Zaif cryptocurrency exchange infrastructure and services

Build “mijin CloudChain,” BaaS (blockchain as a service) cloud service

Expand mijin licensing and mijin CloudChain sales worldwide

Grow its US, European, and Asian business bases

Invest in new businesses, M&A

Merge existing financial services with Tech Bureau’s technology and services

Proceeds from the sales of CMS tokens on COMSA will be invested separately in system development of COMSA itself to expand its services and operations as outlined in the COMSA white paper.