Bring out humanity’s
full potential through robotics.
Build trust between humanity and robots,
to create companions for more enriched and secure living.
NEW X, BESIDE YOU.
Message from the CEO
We Want to Invigorate Japan. The Future Envisaged by GROOVE X
GROOVE X would like to become a catalyst for restoring dynamism to Japan in two ways. First, we believe that a Japanese startup that proves able to join the ranks of global players could help reinvigorate Japanese industry as a whole. A startup that makes it big would also encourage adventurous would-be entrepreneurs to take risks, and thereby accelerate new developments in various fields of industry.
Secondly, it should boost financing—the lifeblood of startups—at the global level. Increasing the number of Japanese startups which can earn foreign exchange and achieve a global presence is an important task.
Promotion of reinvigoration of Japanese industry and the appearance of Japanese startups committed to making their mark in world markets could help restore vitality to Japan. GROOVE X has taken the initial step on that road to renaissance.
- Seed Period
In order to raise startup financing in Japan to the global standard, we immediately adopted the convertible equity approach (issuance of subscription rights to shares through third-party allotment) pioneered in Silicon Valley as the most appropriate method for capital procurement during the seed period. By doing so we initially were able to raise more than 1.1 billion yen.
See “Convertible Equity Changing Japan Startups”
- Series A
We procured up to 6.45 billion yen through a third-party private share placement, with the top investors being the Mirai Creation Fund and Innovation Network Corporation of Japan (INCJ). Up till now, GROOVE X has secured financing of roughly up to 8.0 billion yen in total.
See: “Robot Venture Business GROOVE X has Raised a Hefty 8.0 Billion Yen in Financing”
- COMPANY NAME
- GROOVE X, Inc.
- Sumitomo Fudosan Hamacho Bldg.
3-42-3 Nihonbashi-Hamacho, Chuo-ku, Tokyo 103-0007, JAPAN
- DATE OF ESTABLISHMENT
- NOVEMBER 2. 2015
- NUMBERS OF EMPLOYEES
- 81 （As of November 30. 2018）
- Kaname Hayashi
- Developing “LOVOT”, a new home robot that stirs your instinct to love.