Sony Innovation Fund and Genesia Ventures raises 3 billion yen for donation settlement service provider ConGrant; loans from Japan Finance Corporation (JFC) included

Sony Innovation Fund and Genesia Ventures raises 3 billion yen in a series A funding round for donation settlement service provider Con Grant Co., Ltd. (Congrant, Head office: Nishi-ku, Osaka; Representative Director: Masataka Sato). The sum includes loans from the Japan Finance Corporation (JFC) and will be used to accelerate the development of Japan's donation culture and systems to realize a world where donations can reach all segments of society including the underfunded.

Company profile

Con Grant Co., Ltd. provide a "donation DX system" centered on donation settlement for the social sector and companies. Congrant provide a one stop service for everything necessary for fundraising such as donation solicitation, settlement, CRM, etc., with more than 2,800 organizations using it, and 80 total donation distributions, it has already processed over a billion yen of donations to date. Con Grant is also developing businesses that promote corporate and employee donation DX, and contributing to corporate social development efforts of large companies.
 
Not enough tax incentives and systems supporting Japan's donation culture and donor user experience

Since its launch as a donation settlement service for the social sector, Congrant has been working on donation DX in Japan. Currently, more than 2,800 organizations use it, making Congrant the No.1. fund raising system in Japan.

In the future, Congrant will promote not only the social sector donation DX, but also the development of Japan's donation culture and the expansion of the donation market. Congrant recognize that the major challenge of Japan's donation culture is that "donations are entrusted to goodwill too much. "There is a large difference in tax benefits for donations and the number of organizations eligible for donation deduction compared to the United States. In other words, U.S. donations are good in that they have a wide range of tax benefits that make it easier for donors to support them. It is not that Japanese people don't have a donation culture, but that we need to change the donation system in Japan."

In response to the "challenges of Japan's donation system," Congrant aims to expand all functions and experience value of donations, and to promote collaboration with large companies. Congrant will actively co-create with large companies to enhance the donor experience and have worked with companies to date.


Genesia Ventures Co., Ltd. / General Partner Soichi Tajima comments

Startups aiming for rapid growth are currently attracting attention, but it is not aiming for rapid growth, but it is a challenge necessary for society and a company with great value.There are many initiatives in the world.Although the former has a variety of fund providers, such as venture capital and banks, the latter is extremely limited.Cong Grant is committed to helping all people achieve their goals by promoting a financial cycle between challengers, such as non-profit organizations, and those who want to achieve a better world through funding.It is a startup that aims to realize the society that should be.I would like to take part in the valuable challenge of realizing a donation ecosystem that is not only unique in Japan but also in Asia.Since then, we have continued to make additional investments in the previous round.As a member of the Team Congress led by Mr. Sato, we will carry on with our full efforts to realize our vision.

Kazuto Hatano, President and Representative Director, Sony Ventures Co., Ltd. comments

Under the slogan "For the Next Generation," the Sony Group conducts social contribution activities around the world and contributes to solving various global issuesWe are aiming to be a global leader in the field of computer science and technology.Congress' Donation DX Solution aims to be a platform to support such activities, and the fund is committed to providing the best possible service to the community through Congress' Donation DX Solution.We decided to invest in the company with great expectations for its impact on society and its ability to lead the industry.Furthermore, in recent years, an increasing number of large companies are interested in social investment and human capital management.We believe that there are opportunities for further growth.In the future, we will strongly support Cong Grant's new challenges, including business collaboration with the Sony Group.