Hubble Inc. has successfully completed a Series B funding round, raising JPY 800 million to enhance its cloud-based contract management platform, with participation from Vertex Ventures Southeast Asia & India and DNX Ventures.

Information on the Target

Hubble Inc., headquartered in Shibuya, Tokyo, is a leading provider of a cloud-based contract management platform. The company is spearheaded by CEO Shimpei Hayakawa, CTO Katsuya Fujii, and CLO Tomoya Sakai. Hubble has recently completed its Series B funding round, raising an additional JPY 800 million through a third-party allotment of shares to Vertex Ventures Southeast Asia & India and DNX Ventures. This funding has increased the total amount raised in the Series B round to JPY 2.3 billion. The investment will allow Hubble to enhance its development capabilities and accelerate product innovation, specifically with the integration of generative AI.

Since the official launch of its Contract Flow Agent (CFA) in July, Hubble has consistently introduced new features for 20 weeks. The company aims to maintain this rapid pace of development and deliver a fully featured platform by the end of fiscal year 2025. Hubble serves a broad clientele, providing solutions that aid in contract review, drafting, negotiation, and overall workflow management, all supported by advanced AI technologies.

Industry Overview in Japan

Japan's SaaS industry is experiencing robust growth, largely driven by the rapid digital transformation across various sectors, including enterprises and small and medium-sized businesses (SMBs). The heightened demand for digital solutions is further intensified by the adopt