Nulab Inc.

Nulab Inc. develops innovative collaboration tools that enhance team efficiency and project management. Their offerings include versatile platforms for task management, diagramming, and secure access management, catering primarily to businesses. Founded in 2004 by Masanori Hashimoto and Shinsuke Tabata, Nulab Inc.

is headquartered in Fukuoka-shi, Japan. The company focuses on providing collaboration solutions through its products. Nulab has successfully completed 3 funding rounds, with its latest being an IPO in June 2022, raising JPY 1. 94 billion, bringing the total amount raised to JPY 1.

94 billion, with the company valued at JPY 6. 45 billion. Nulab offers a suite of collaboration tools designed to streamline team and project management, focusing on three core products: Backlog, Cacoo, and Nulab Pass. Backlog serves as an all-in-one project management platform with features for task management, version control, and bug tracking.

Cacoo is a real-time collaborative diagramming tool that helps users visualize project ideas and workflows. Nulab Pass provides enterprise-grade security for sensitive information and access management, primarily serving small to medium-sized businesses in technology, marketing, and design sectors across North America, Europe, and parts of Asia. Nulab's revenue model is based on subscription services for its core products. Clients can select from various pricing plans tailored to team sizes.

Each product features distinct pricing tiers aligned with their functionalities. For example, Backlog subscriptions scale based on active projects and users, while Cacoo offers tiered plans for diagramming features suited for collaborative environments. Nulab facilitates direct business-to-business transactions via its online platform for subscriptions. In June 2022, Nulab Inc.

raised JPY 1. 94 billion in an IPO, selling 1. 94 million shares at JPY 1000 per share at the Tokyo Stock Exchange, Growth Market. The company plans to utilize the funds raised to support the development of new products and to expand into new markets.

Specific markets targeted for expansion include North America and Europe, aligning with their strategic goal to enhance their global presence.