In the world of technology, the demand for the Software as a Service (SaaS) model is increasing due to the acquisition of the latest services and applications. There is a great need for an enterprise platform where software companies can develop new SaaS products to meet the needs of their customers. TANAAKK provides a complete set of business, technical and legal resources to empower and support customers in porting, optimizing, or building the fastest growing SaaS products on Azure or AWS.
TANAAKK K.K (FROM BEGINNING TO THIS GIANT SETUP):
Tokyo-based Japanese cross-border company TANAAKK announced HITSERIES®︎FUND’s commitment to invest in the Fortune Global 500, the first SaaS carve-out fund in Japan, in February 2022. It has a large Fortune Global 500 customer base in automotive, energy, oil, retail, finance, construction, and transportation. Shoichiro Tanaka, the general partner of HITSERIES®︎FUND, has diverse cross-border investment experience with a significantly higher IRR record compared to the US Venture Capital Index® of Cambridge Associates LLC, which earned 50.1% in the fiscal year 2020. TANAAKK will establish a legitimate fund “HITSERIES LPS” in Japan with Shoichiro Tanaka as a qualified institutional investor. HITSERIES®︎FUND made its first investment into icuco K.K. in Japan. which is carve-out SaaS from Musashi Seimitsu Industry(TYO:7220).
HOW MUCH OF A GLOBAL IMPACT IT’S GOING TO CREATE?
The Global Software as a Service (SaaS) market size is expected to reach US$307.3B by 2026, increasing from US$158.2B by 2020 to a CAGR of 11.7% from 2020-to 2026. Worldwide IT spending is projected to total $4.2Tn in 2021, up 8.6% from 2020. The global IoT market is expected to grow from US$761.4 billion in 2020 to US$1.386.06 billion by 2026 at a CAGR of 10.53% during the forecast period (2021-2026). TANAAKK Law Firm facilitates the right capital structure, appropriate growth plan, appropriate milestones, and KPIs from early-stage to NASDAQ or Tokyo Stock Exchange IPO. The headquarters of TANAAKK is in Tokyo. But it has offices in every major country in the world, including New York, Singapore, Hong Kong, London, and Vietnam. This makes it a globally influential company in services and application software.
FUND STRATEGY THAT LED TO THIS TRIUMPH:
Japan have $1 trillion R&D expenditure in 5 years. However, due to the immature economic ecosystem in Japan, it is almost impossible to say that science and technology have moved to groundbreaking innovations and engineering in the world. HITSERIES®︎FUND focus on this unmigrated intangible assets in R&D.