NEWS

The OPT Group’s OPT Ventures, Inc. (President and CEO: Atsushi Nouchi) has increased its investment in SPACEMARKET, Inc. (CEO: Daisuke Shigematsu), which was already a target for investment in the OPT Ventures No. 1 Fund. In the new investment round, SPACEMARKET, Inc. entered a capital and business alliance with Tokyo Tatemono Co., Ltd.

[Outline of SPACEMARKET, Inc.]

■Company Name: SPACEMARKET, Inc.

■Address: 608 La Tour Shinjuku, 6-15-1, Nishi-Shinjuku, Shinjuku Ward, Tokyo

■Business Details: Operation of “SPACEMARKET” rental space reservation service

■Website: https://spacemarket.co.jp/

[Outline of Services]

・Operates the “SPACEMARKET” platform for hourly rental and overnight accommodation at a wide range of spaces (including event spaces, conference rooms, photography studios, cinemas and residences). This is Japan’s largest hourly rental platform service, with more than 10,000 listings.

[Background to Additional Investment]

・A large quantity of real estate such as individual homes, offices and stores remains unused and idle in terms of both space and time. Renting such real estate by the hour helps uncover new demand for space utilization, which in turn leads to new options in the real estate market and creates new sources of profits. This business is expected to grow as it helps accelerate innovation in the utilization of real estate.

・The new capital and business alliance with Tokyo Tatemono, which is investing directly in a startup for the first time, is expected to diversify the development, operation and utilization methods for real estate and result in a virtuous economic cycle.

・Future alliances are planned with homebuilders and renovation companies to support further growth.