We have made an additional investment in NOT A HOTEL Inc., a company that offers vacation homes fusing architecture, technology, and hospitality under the mission to “Elevate the value of Japan.” This round of financing totals approximately 10.1 billion yen, raised through a third-party allotment of shares to Minerva Growth Partners, Sumitomo Mitsui Trust Bank, and others, as well as debt financing from financial institutions.
The company is fundamentally updating the traditional “real estate developer” business model through the power of technology. Their exceptional D2C model—selling high-end vacation homes ranging from tens of millions to a billion yen online before construction even begins—has eliminated the inventory and cash flow risks that were long considered the norm in the real estate industry, achieving remarkably high capital efficiency and scalability.
Backed by these strengths, despite being an unlisted startup, NOT A HOTEL has demonstrated a phenomenal growth trajectory and a rare capacity for profit generation, reaching approximately 65 billion yen in cumulative contract sales and over 1,100 owners. We have continuously backed the company with additional investments from the seed stage through to the later stages. We will continue to strongly support them, anticipating their further leap forward as a next-generation real estate platform. (Investment Lead: Uno)