# CrowdWorks funding: rounds and investors

> CrowdWorks has raised $28M across 5 rounds since 2011. Investors include CyberAgent Capital, Korea Tech Incubator Program For Startup and Korea Investment...

Source: https://millionrounds.com/company/crowdworks (Millionrounds; every figure on the page links to its filing or article)

Japan · [Series C startup](https://millionrounds.com/companies)

# Who invested in *CrowdWorks*

5 rounds we have observed, with the 13 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

AI

Funding summary Updated 26 Oct 2026

**$28M** raised across 5 rounds since 2011, from 5 sources

**$120K** Seed **$3.8M** Series A **$11M** Series B **$13M** Series C

- **Latest round:** Series C, $13M Nov 2021
- **Step-up i:** 1.3×
- **Investors:** 13

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2013 2015 2017 2019 2021

**$120K** Seed

**$3.8M** Series A

**$11M** Series B

**?** Series C

**$13M** Series C

- **First round:** Seed, $120K
- **Biggest round:** $13M
- **Usual gap between rounds:** 13 months

## The rounds

- **Nov 2021** Series C **$13M** *4 new* [Korea Tech Incubator Program For Startup](https://millionrounds.com/fund/tips-program) [Korea Investment Partners](https://millionrounds.com/fund/korea-investment-partners) [IMM Investment](https://millionrounds.com/fund/imm-investment-corp) [HB Investment](https://millionrounds.com/fund/hb-investment) Source recorded
- **Aug 2014** Series C **Amount undisclosed** No investor was named in the report. From a historical funding record
- **Dec 2013** Series B **$11M** *2 new* *1 returning* [CyberAgent Capital](https://millionrounds.com/fund/cyberagent-ventures) [DG Incubation](https://millionrounds.com/fund/dg-incubation) [Dentsu Digital Fund 1](https://millionrounds.com/fund/dentsu-digital-fund-1) Reported by thebridge.jp
- **Oct 2012** Series A **$3.8M** *2 new* [ITOCHU Technology Ventures](https://millionrounds.com/fund/itochu-technology-ventures) [Suneight Investment](https://millionrounds.com/fund/suneight-investment) From a historical funding record
- **Nov 2011** Seed **$120K** *5 new* [CyberAgent Capital](https://millionrounds.com/fund/cyberagent-ventures) [Teruhide Sato](https://millionrounds.com/fund/teruhide-sato) [Ryota Matsuzaki](https://millionrounds.com/fund/ryota-matsuzaki) Shintaro Yamada Takeo Ozawa Reported by venturenews-hnishikawa.blogspot.in

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Seed** 2011 **Series A** 2012 **Series B** 2013 **Series C** 2014 **Series C** 2021 [CyberAgent Capital](https://millionrounds.com/fund/cyberagent-ventures) [Korea Tech Incubator Program For Startup](https://millionrounds.com/fund/tips-program) [Korea Investment Partners](https://millionrounds.com/fund/korea-investment-partners) [IMM Investment](https://millionrounds.com/fund/imm-investment-corp) [ITOCHU Technology Ventures](https://millionrounds.com/fund/itochu-technology-ventures) [HB Investment](https://millionrounds.com/fund/hb-investment) [DG Incubation](https://millionrounds.com/fund/dg-incubation) [Suneight Investment](https://millionrounds.com/fund/suneight-investment) [Teruhide Sato](https://millionrounds.com/fund/teruhide-sato) [Ryota Matsuzaki](https://millionrounds.com/fund/ryota-matsuzaki)

## Everyone who backed them

[CyberAgent Capital](https://millionrounds.com/fund/cyberagent-ventures) VC firm **2** rounds

[Korea Tech Incubator Program For Startup](https://millionrounds.com/fund/tips-program) Government **1** round

[Korea Investment Partners](https://millionrounds.com/fund/korea-investment-partners) VC firm **1** round

[IMM Investment](https://millionrounds.com/fund/imm-investment-corp) VC firm **1** round

[ITOCHU Technology Ventures](https://millionrounds.com/fund/itochu-technology-ventures) VC firm **1** round

[HB Investment](https://millionrounds.com/fund/hb-investment) VC firm **1** round

[DG Incubation](https://millionrounds.com/fund/dg-incubation) Accelerator **1** round

[Suneight Investment](https://millionrounds.com/fund/suneight-investment) VC firm **1** round

[Teruhide Sato](https://millionrounds.com/fund/teruhide-sato) Angel **1** round

[Ryota Matsuzaki](https://millionrounds.com/fund/ryota-matsuzaki) Angel **1** round

[Dentsu Digital Fund 1](https://millionrounds.com/fund/dentsu-digital-fund-1) Growth equity **1** round

Shintaro Yamada no record of our own yet **1** round

Takeo Ozawa no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=crowdworks).

## Also claim to have backed them

These 2 firms list CrowdWorks as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

[Bridge Alliance Partners](https://millionrounds.com/fund/bridge-alliance-partners) VC firm Per its own site

[Groom Investment](https://millionrounds.com/fund/groom-investment) Private equity Per its own site

## Quick answers about CrowdWorks

### Who invested in CrowdWorks?

CrowdWorks's investors include CyberAgent Capital, Korea Tech Incubator Program For Startup, Korea Investment Partners, IMM Investment and ITOCHU Technology Ventures, and 8 more on record.

### How much has CrowdWorks raised?

CrowdWorks has raised $28M across 5 rounds since 2011. One round did not disclose an amount, so the total is a floor.

### When did CrowdWorks last raise?

CrowdWorks's most recent round was a Series C of $13M in Nov 2021.

### What was CrowdWorks's biggest round?

Its most recent round, $13M in Nov 2021, is also its largest on record.

### Who backed CrowdWorks first?

CrowdWorks's first round on record, in Nov 2011, was backed by CyberAgent Capital, Teruhide Sato and Ryota Matsuzaki and 2 others.

### What stage is CrowdWorks at?

CrowdWorks's latest named round is a Series C, in Nov 2021.

### Where is CrowdWorks based?

CrowdWorks is based in Japan.

## Companies like CrowdWorks

In the same sector, and raised in the last eighteen months.

[**Kaminashi** $14M · Oct 2026](https://millionrounds.com/company/kaminashi)[**Mujin, Inc.** $224M · Oct 2026](https://millionrounds.com/company/mujin-inc)[**Flyle** $13M · Oct 2026](https://millionrounds.com/company/flyle)[**Farmnote** $12M · Oct 2026](https://millionrounds.com/company/farmnote)[**PeopleX** $39M · Sept 2026](https://millionrounds.com/company/peoplex)[**AIONA** $1.2M · Sept 2026](https://millionrounds.com/company/aiona)

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