Josys Funding, Investors & Competitors

Josys has raised $124M across 2 funding rounds, most recently a $93M Series B in September 2023.

See full Josys profile

Last Josys funding round

$93M

Series B · Sep 2023

Cumulative funding Josys raised

$124M

across 2 funding rounds

Key investors in Josys

  • Global Brain Corporation
  • ANRI
  • Globis Capital Partners
  • World Innovation Lab
  • Yamauchi-No.10 Family Office
  • Digital Holdings

Josys Overview

About Josys

Josys is a Tokyo-based SaaS company, spun off from Raksul in 2021, that provides a platform for automating corporate IT software management, including SaaS usage visualization, shadow IT discovery, and device lifecycle services such as purchasing, configuration, shipping, repair, and storage of laptops and mobile devices. Aimed primarily at small and mid-sized enterprises, the platform helps IT teams manage devices and SaaS accounts as remote work and SaaS adoption have expanded. Josys has scaled internationally to the US and several Asian markets, including Singapore, India, the Philippines, Indonesia, Malaysia, Vietnam, Thailand, and South Korea.


Founded

2022

HQ

JapanJapan

Website

josys.com

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Josys Funding History

Josys has raised a total of $124M across 2 funding rounds.

Josys' first fundraising round was a $31M Series A in September 2022. The most recent completed round was a $93M Series B in September 2023.

Josys funding rounds

Josys funding rounds
DateStageInvestorsRaisedDeal Summary
Sep 2023Series BGlobal Brain Corporation (lead); Globis Capital Partners (lead)$93MJosys, a Tokyo-based SaaS startup spun off from Raksul in 2021, provides a platform to automate corporate IT software application management, SaaS usage visualization, Shadow IT discovery, and IT device lifecycle services including purchasing, configuration, shipping, repairing, and storage of laptops and mobile devices. The company raised $93 million in its Series B funding round on September 5, 2023, led by Global Brain and Globis Capital Partners, with participation from investors like Jafco, Raksul, SMBC-GB Growth Fund, and others, bringing total funding to $125 million. Funds will support doubling product and engineering teams from 120 to about 240 employees, expanding distribution channels, building managed service provider networks, and scaling operations to over 100 countries by 2025. As of the round, Josys served over 300 small- to medium-sized enterprise customers, up more than threefold from 90 in August 2022, with net revenue retention exceeding 140% and customer acquisition cost payback under one year, achieving profitability. The company has expanded globally to the U.S. and Asian markets including Singapore, India, the Philippines, Indonesia, Malaysia, Vietnam, Thailand, and South Korea, offering localized IT outsourcing to reduce onboarding times. Since its $32 million Series A in September 2022, Josys reported a tenfold revenue increase. The round equates to approximately 13.5 billion yen, aligning with investor expectations for growth in IT management for multinational firms rather than synergies.
Sep 2022Series AGlobal Brain Corporation (lead); ANRI; Digital Holdings; World Innovation Lab; Yamauchi-No.10 Family Office$31MJosys is a Tokyo-based startup spun off from Raksul in 2021, offering a SaaS platform and outsourced IT services to manage corporate IT devices and SaaS accounts throughout their lifecycle, including purchasing, configuration, shipping, repairing, and storage. The platform targets small- to medium-sized enterprises facing challenges with IT device and SaaS management amid remote work and SaaS adoption post-COVID. Josys launched its service in 2022 after introducing the concept in September 2021 and has expanded globally to the U.S., Singapore, India, the Philippines, Indonesia, Malaysia, Vietnam, Thailand, and South Korea, with organizations in Japan and India. The specified Series A funding round occurred in September 2022, led by Global Brain, with participation from investors including ANRI, Digital Holdings, Global Brain Corporation, World Innovation Lab (WiL), and Yamauchi-No.10 Family Office, raising approximately $30-32 million (exact amount confirmed as part of total funding trajectory). This followed Josys' initial funding and preceded the larger Series B round in September 2023, led by Global Brain and Globis Capital Partners, raising $91-93 million and bringing total funding to about $120-125 million. Some Series A investors like Global Brain, WiL, and Yamauchi-No.10 followed on in Series B alongside new participants such as Jafco, Raksul, SMBC-GB Growth Fund, and others. Funds from early rounds supported product development, including features like Shadow IT discovery, SaaS usage visualization, and real-time asset tracking. By August 2022, around the Series A period, Josys had 90 customers, growing to over 300 by mid-2023. The company aimed to expand to over 100 countries by 2025, doubling product and engineering teams from 120 employees in 2023.

Who has invested in Josys?

6 investors have backed Josys across its funding rounds, including Global Brain Corporation, ANRI, Globis Capital Partners, World Innovation Lab, Yamauchi-No.10 Family Office and Digital Holdings.

Lead investors include Global Brain Corporation and Globis Capital Partners.


Josys Investors

Investors in Josys by funding rounds participated
InvestorHQRoundsRoleFirst check
Global Brain CorporationJapanTokyo2LeadSep 2022
ANRIJapanTokyo1ParticipantSep 2022
Digital HoldingsJapanTokyo1ParticipantSep 2022
World Innovation LabUnited StatesSan Francisco, CA1ParticipantSep 2022

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Josys Competitors

Josys competitors include listed companies like ServiceNow, Datadog, VeriSign and Dynatrace, and private ones like Lumos and BlackFog.

Public and private companies comparable to Josys
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
LumosUnited StatesSan Francisco, CAPrivate--$175M-
BlackFogUnited StatesSan Francisco, CAPrivate--$60M-
ServiceNowUnited StatesUnited StatesPublicly listed$13B$2.6B$143B9.6x
DatadogUnited StatesUnited StatesPublicly listed$3.4B($588K)$85B19.4x
VeriSignUnited StatesUnited StatesPublicly listed$1.7B$1.2B$27B16.6x
DynatraceUnited StatesUnited StatesPublicly listed$2B$276M$16B7.0x

Josys Public Comps

Josys is still privately-owned, but its public comps include ServiceNow, Datadog, VeriSign, Dynatrace, Elastic, CommVault Systems, Open Text, Freshworks, Beijing Ultrapower and ESDS Software.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
ServiceNow$13B$2.6B11.1x9.6x57.2x25.0x
Datadog$3.4B($588K)23.6x19.4x(137813.0x)77.6x
VeriSign$1.7B$1.2B17.3x16.6x24.9x22.6x
Dynatrace$2B$276M7.5x7.0x55.0x23.0x
Elastic$1.7B$35M4.9x4.6x244.4x25.5x
CommVault Systems$1.2B$84M5.2x5.0x72.9x23.2x
Open Text$5.2B$1.8B2.1x2.1x6.1x5.8x
Freshworks$839M$41M3.2x2.9x65.7x11.3x

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Common questions about Josys

When was Josys founded?Josys was founded in 2022.
Where is Josys headquartered?Josys is headquartered in Japan.
Is Josys publicly listed?No, Josys is a private, VC-backed company.
How much funding has Josys raised?Josys has raised $124M across 2 funding rounds.
What was Josys' last funding round?Josys' last funding round was a $93M Series B in September 2023, led by Global Brain Corporation and Globis Capital Partners.
Who are Josys' investors?Josys' investors include Global Brain Corporation, ANRI, Digital Holdings, World Innovation Lab, Yamauchi-No.10 Family Office and Globis Capital Partners.
Which companies are comparable to Josys?Companies comparable to Josys include Lumos, BlackFog, ServiceNow, Datadog, VeriSign and Dynatrace.

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