Crossbit Inc., which aims to maximize the value of “work experience” through “shifts,” has raised approximately 450 million yen in debt financing from Japan Finance Corporation, The Shoko Chukin Bank, Ltd., and Mitsubishi UFJ Bank, Ltd. Combined with the third-party allotment announced in January 2024, the total amount raised in the Series B round will be approximately 1.35 billion yen.
Crossbit develops solutions that enable both performance and experience improvement in the field of “work,” centering on the theme of Workforce Management, with a focus on streamlining and automating shift creation, managing budgets and actuals, and visualizing conditions. Its core business, cloud-based shift management for growing companies, “Rakushifu,” has a continuation rate of over 99%, and the number of companies that have adopted it has exceeded 30,000 (as of January 23, 2025). The number of users is approaching 1 million. It has been introduced in various industries and business types, such as restaurants, retail, hotels, and movie theaters, and boasts the number one market share in Japan.
By utilizing the data on labor management, budget/actual management, labor costs, and other unique know-how accumulated through “Rakushifu,” we aim to build a range of services that go beyond shift management to resolve various issues related to “work.” To achieve this, it is essential that we expand our existing businesses and continuously develop new businesses.
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Recently, starting with the appointment of former LINE WORKS CEO Kosuke Fukuyama as CRO and the signing of a sales agency contract with SoftBank Corp., the company is strengthening its sales structure and sales network to accelerate the expansion of Rakushifu, a shift management digital transformation service that has been widely adopted in the service industry, including restaurants, hotels, retailers, medical and nursing care facilities, pharmacies, and call centers. In addition, the company has begun new business development for services that enable businesses to realize flexible working styles while maintaining service quality, and is moving forward with the realization of a group of services that can solve various issues related to “work.”
We announced our fundraising through a third-party allotment of new shares in January 2024, and have since raised additional funds through debt financing in response to our steadily expanding business, financial performance, and future prospects.
SOURCE: PR TIMES
