Investments

Conclue raises 170 million yen in pre-series A funding

Concrew Inc., which provides the all-in-one business management cloud service "Concrew Cloud" for small construction companies, has raised a total of 170 million yen through a third-party allotment of new shares in its pre-series A round, with One Capital, XTech Ventures, and others as underwriters. With this latest round of funding, the total amount raised will be approximately 220 million yen. In the construction industry, the number of bankruptcies in 2024 is expected to reach a 10-year high of 1,890, of which 92.2% were small construction companies with fewer than 10 employees. Compared to other industries, the Japanese construction industry is facing a severe labor shortage and aging population, and the resulting rise in labor costs. Improving business efficiency and productivity through digital transformation has become an urgent management issue,…