BACKSEAT, the cryptocurrency exchange operator in Japan, has just announced the completion of its seed funding round, raising approximately 1.4 billion Japanese yen (equivalent to 9.69 million USD). This result, achieved just one year after its establishment, affirms BACKSEAT's position and strong growth potential in the cryptocurrency industry. The raised capital will focus on product development, expanding the workforce, and strengthening the organizational structure, creating a solid foundation for future steps. With the ambition to upgrade services and expand digital asset trading solutions, BACKSEAT plans to launch a new exchange this year, contributing to the promotion of the cryptocurrency ecosystem in Japan.
BACKSEAT completes a seed funding round worth 1.4 billion yen
BACKSEAT's seed funding round was successful with a total value of approximately 1.4 billion Japanese yen (9.69 million USD), marking an important step in the company's development process. This investment round was simultaneously led by Spiral Capital and Headline Asia, with the participation of East Ventures, demonstrating strong confidence from the investment community in BACKSEAT's potential.
The raised funds are committed to prioritizing research and product development activities, helping BACKSEAT increase its competitiveness through advanced technological solutions. At the same time, the investment capital will also strongly support the recruitment of high-quality personnel and improve the internal governance system, bringing optimal operational efficiency to the business.
The expansion process and service upgrade strategy of BACKSEAT
In February 2025, BACKSEAT officially acquired all shares of the Japanese cryptocurrency exchange 'coinbook' and established a wholly-owned subsidiary named BACKSEAT Exchange (BSE). This is a strategic move to expand business scope and enhance the capability to provide cryptocurrency trading services.
BACKSEAT Exchange is expected to be an advanced trading platform, upgrading current services while developing new products to meet the increasingly diverse needs of cryptocurrency users in Japan. The launch of the new exchange this year is part of the expansion plan to dominate the market and enhance user experience.
The impact of fundraising on the development of the cryptocurrency ecosystem in Japan
BACKSEAT's successful large investment fundraising not only helps strengthen the company's internal capacity but also contributes to a broader development for the cryptocurrency market in Japan. The new capital flow will facilitate the development of quality, safe, and transparent trading services, thereby enhancing the trust of domestic and international investors.
At the same time, this move also reflects the positive development trend of the digital financial ecosystem in Japan, accelerating the growth of the Blockchain technology sector, and enhancing the infrastructure for trading and digital asset management activities.
Source: https://tintucbitcoin.com/san-tien-dien-tu-backseat-goi-von-969-trieu-usd/
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