Japan-based B2B manufacturing startup CADDi bags US$ 73 million in Series B funding

CADDi, a Tokyo-based online ordering platform for the manufacturing industry, has raised US$ 73 million in a Series B funding round held on August 24 2021. The venture round was led by Globis Capital Partners and World Innovation Lab (WiL), with partook of fresh financial backers Arena Holdings, DST Global, Minerva Growth Partners, Tybourne Capital Management, JAFCO Group and SBI Investment. The company also received capital from its existing backers DCM and Global Brain. The latest fundraise brings CADDi’s total valuation to date to US$ 82.2 million.

What the CEO has to say

CEO and co-founder of CAADi, Yushiro Kato, said, “We enable integrated production of complete sets of equipment consisting of custom-made parts such as sheet metal, machined parts and structural frames. Using an automatic quotation system based on a proprietary cost calculation algorithm, we select the processing company that best matches the quality, delivery date and price of the order and build an optimal supply chain.” 

He continued, “Going forward, in addition to continuously expanding our ordering platform, we will also start to provide purchasers and supply partners with our technology directly to promote the digital transformation of their operations, for example, the production management system and drawing management system.”

Purpose of Investment

The company will use the latest capital to create a world where those on the front lines of manufacturing can spend more time on essential and creative work. CADDi’s ordering platform aims to modify the manufacturing industry from a varied subcontractor pyramid formation to a simple, connected design based on each manufacturer’s strengths, Kato said.

What the Investors have to say

Kenichiro Hara from DCM, said, “The pandemic made the manufacturing industry’s supply chain vulnerabilities quite clear early on. For example, if a country is on lockdown or a factory stalls the operations, their customers cannot procure necessary parts to produce their products. This impact amplifies, and the entire supply chain is affected. Therefore, the demand for finding new, available and accessible suppliers in a timely manner increased in importance, which is CADDi’s primary value-add.

Partner at World Innovation Lab, Masaya Kubota, remarked, “CADDi’s solution of aggregating and rebalancing supply and demand has once again proven to be indispensable to both purchasers and manufacturers, with the pandemic disrupting the entire supply chain in manufacturing. We first invested in CADDi in 2018 because we strongly believed in their mission of digitally transforming one of the most analogue industries, the $1 trillion procurement market.

About CADDi

Established in 2017 by Kobashi Akifumi and Yushiro Kato, CADDi is an online B2B ordering platform for the manufacturing industry. The startup currently has a workforce of 160 people and operates with banks like Sumitomo Mitsui Banking Corporation and Mizuho Bank. It has partnered with over 2000 companies, Panasonic Corporation, Kawasaki Heavy Industries, Ltd., YKK Corporation, Yasukawa Information Systems Co., Ltd., DELL EMC, Sumitomo Heavy Industries, Ltd., IKEA Japan Co., Ltd., Chubu Electric Power Co., Inc., RIKEN, National Institute of Advanced Industrial Science and Technology and The University of Tokyo, to name a few. To know more, visit https://corp.caddi.jp/.

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