Okage K.K.

Okage K. K. , based in Tokyo, Japan, specializes in developing digital solutions for the food service industry, enhancing operational efficiency through self-ordering and mobile POS systems. Founded in 2009 in Tokyo, Japan, Okage K.

K. focuses on digital transformation solutions for restaurants. The company has executed 3 deals, with its latest funding round being a Series C that raised JPY 400. 000 mn on March 2, 2021.

Investors included Global Brain, K4 Ventures, Mizuho Capital, Norinchukin Bank, and TBS Innovation Partners. The current company valuation stands at JPY 2,647. 059 mn. The Okage DX Platform specializes in self-ordering, mobile ordering, and mobile POS systems, aimed at improving efficiency and boosting sales in the restaurant sector.

Launched in 2018, this platform has supported a diverse range of clients, including major chains and independent establishments, and is tailored to meet the unique challenges of the Japanese market by offering flexible and efficient operational solutions. The platform integrates multiple applications to facilitate comprehensive digital transformation for restaurants, enhancing business management. The revenue model of Okage DX Platform is primarily subscription-based, with prices starting at ¥11,000 per month for smaller establishments, making it accessible to various businesses from small cafes to large chains. Clients subscribe to utilize self-ordering and mobile POS features, receiving thorough installation support and continued customer assistance.

The company also promotes its services through downloadable brochures and case studies, alongside hosting online seminars to engage potential clients. Following a recent funding deal in March 2021, where Okage K. K. raised JPY 150 million in venture debt financing as part of a larger JPY 550 million equity and debt financing, the company plans to utilize these funds to enhance its system and develop new features for its products.

As part of its growth strategy, Okage K. K. aims to expand its presence in new markets and regions, although specific targets have not been disclosed.