Monstar Lab, Inc., a Meguro, Tokyo, Japan-based mobile & web application development company, raised 250m yen (USD$2.5m) in funding.
Backers included The Gogin Capital Co., Ltd. (HQ: Matsue, Japan / CEO: Yasuhiro Takesako), Resona Capital Co., Ltd. (HQ: Tokyo, Japan / CEO: Hirochika Sato) and its existing investors.
The company, which has raised a total of 905 million yen (about USD$9.1m) intends to use the funds for continued expansion in the international markets and for further mergers & acquisition growth.
Founded in February 2006 and Led by CEO Hiroki Inagawa, Monstar Lab provides services ranging from Mobile Application Development, Web Application Development, Enterprise Applications, Internet of Things (IoT), Augmented Reality (AR), Virtual Reality (VR), etc. The company has multiple offshore development centers and over 600+ software engineers in 7 countries and 12 cities (Tokyo, Osaka, Matsue, Chengdu, Qingdao, Shanghai, Hanoi, Da nang, Cebu, Singapore, San Francisco and Dhaka), and a network of 10,000+ software developers with partner companies across 18 countries.