IT outsourcing firm Josys Inc. raised $93 million to expand in areas including the US, South Korea and Southeast Asia, the latest Japanese startup to hunt for growth outside an aging home economy.
The Tokyo-based company, which seeks to provide one-stop IT support for clients with remote and overseas employees, will use the Series B fundraising to help double headcount to 240 by year-end, Chief Executive Officer Yasukane Matsumoto said in an interview. Josys wants to provide outsourcing services in more than 100 countries by the end of 2025, he said.
Matsumoto, who founded Josys in 2021 after struggling to digitalize work at parent and online printing firm Raksul Inc. during the pandemic, declined to give a valuation. But he said annual revenue at Josys grew tenfold over the past year and is on course to hit the $10 million threshold. Josys, whose customers include Nomura Real Estate Development Co. and Japanese movie distributor Shochiku Co., helps companies secure IT networks for employees working from home and also helps them configure and repair mobile devices.
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