New Analysis Unveils Funding Dynamics of Unlisted Firms, Highlighting 9 Billion Yen Market Structure

Overview of the Funding Report

Compalyze Inc., the operator of the corporate information database "Compalyze," has released a comprehensive report on the fundraising trends of unlisted companies for the period between August 15 and August 21, 2026. During this window, 17 funding deals were confirmed, with the total disclosed amount reaching approximately 9.04 billion JPY.

Detailed Analysis of Funding Structures

The report goes beyond simple aggregate figures, meticulously breaking down the components of the funding into capital increases, debt financing, and secondary transactions. For the largest deal of the period—Craif’s 5.3 billion JPY round—the analysis dissected the total into a 3.9 billion JPY third-party allotment, 500 million JPY in loans, and approximately 900 million JPY in secondary transactions by existing shareholders. Additionally, the report details the strategic backgrounds of various firms, such as the 3.1 billion JPY raise by the newly established Hinoki.

Proprietary Methodology and Unique Features

Compalyze is a database that conducts financial analysis of private companies by structuring primary public data, including financial statements, commercial registries, intellectual property, and employment records. In this latest study, by cross-referencing commercial registry filings, the firm identified five out of the 17 companies where the capital increase was officially recorded before the public announcement. This approach successfully visualizes the typical time lag between media announcements and actual regulatory registration.

Investor Profiles and Future Outlook

Among the deals analyzed, nine involved venture capital (VC) or private equity funds, while eight involved strategic corporate investors or corporate venture capital (CVC), showing a nearly equal split. Notably, no deals were concluded solely by VCs; instead, the data reveals a complex landscape of capital-business alliances and public financing. Moving forward, Compalyze Journal intends to continue these weekly fixed-point observations based on public data, aiming to enhance financial transparency within the unlisted market.