[Dyny Co., Ltd.] Dyny raises 7.46 billion yen in Series B round funding
Dyne Co., Ltd. Press release: September 26, 2024 Dyney raises Series B round of 7.46 billion yen Lead investor Bessemer Venture Partners, Hillhouse Investment Management makes first investment in Japanese startup
Dyney Co., Ltd. (Headquarters: Minato-ku, Tokyo / Representative Director: Mao Yamada / hereinafter referred to as the Company) is a series of investors led by Bessemer Venture Partners and Hillhouse Investment Management, with a total of four companies, Flight Deck Capital and Eclectic Management. BWe raised a total of 7.46 billion yen. (*1) ◼︎Purpose of procurement The funds raised will be used primarily for new business expansion into various fields such as Finance and HR, and for product development and new business launch preparations necessary to become an infrastructure for the entire food and beverage industry, as well as recruitment with an eye to business expansion. The plan is to use the funds for activities to build the All in One Restaurant Cloud business that Dyny aims to achieve. Image
URL: With the mission of “Making eating and drinking more fun and interesting,” Dyny aims to become the eating and drinking
infrastructure for everyone.Since 2018, Dyny has launched the “Dyny POS register” and “Dyny We offer mobile ordering. We have also entered the finance field and launched “Dyney Cashless,” a service with the lowest fees. (*2) We aim to develop our HR business within 2024 and become the infrastructure for restaurants, changing the restaurant industry in the future with the power of Tech x Fintech. By leveraging CRM, which has been Dyney’s main business up until now, and utilizing the customer information gathered at stores for payments, restaurants can use data to visualize areas that they have not been able to visualize in the past, increasing sales. We will not only quantify trust, but also quantify trust. *1 Refer to Bank of Japan International Department September 2024 rate (
https://www.boj.or.jp/about/services/tame/tame_rate/kijun/kiju2409.htm
)
https://recruit2024.dinii.jp/ URL:
https://speakerdeck.com/diniiofficial/dinii-company-deck-ver-dot-1-0-2024 Dyney 2024 online information session will be held for 3 consecutive weeks.
https://prcdn.freetls.fastly.net/release_image/43056/70/43056-70-7a1facfac229e2c37c2557f37b46d8b8-2561×1341.png [Date] October 9, 2024 (Wednesday) 19:00 start [Speakers] Mao Yamada, Kazuki Otomo, Kaori Miyata
https://prcdn.freetls.fastly.net/release_image/43056/70/43056-70-1e3dfbb6e3ba7f5534574a8a16ee797b-2561×1341.png [Date] Wednesday, October 16, 2024 Starts at 19:00 [Speakers] Mao Yamada, Kazuki Otomo, Hiroaki Karasawa
https://prcdn.freetls.fastly.net/release_image/43056/70/43056-70-05a39624c0362696283e30108b2a39da-2561×1341.png [Date] October 23, 2024 (Wednesday) 19:00 start [Speakers] Mao Yamada, Keisuke Onishi, Yuki Furuya ◼︎Investor comments Bessemer Venture Partners ｜Bryan Wu
https://prcdn.freetls.fastly.net/release_image/43056/70/43056-70-e3dc3026ee5e74a3db3d2f6275e27ffd-1300×680.png BVP cannot be more excited about joining the journey of Dinii. Having been fortunate to be a key investor of Toast in the US, supporting it to become a USD 13 billion company, we find a similar element of success in Dinii: a strong team led by a young and visionary leader, a large underserved market and the best all-in-one cloud-based solution. We are confident that Dinii will emerge as one of the most prominent SaaS and FinTech leaders in Japan. I am very excited to be able to join Dynie on her journey that is about to begin. Because we have watched Toast grow into a multi-trillion yen company in the United States since its early days, we couldn’t help but feel that Dyney’s growth and KPIs had the same potential as Toast. We are attracted to Daini’s story of a young, visionary leader and a strong team taking on a large and immature market based on the strong weapon of All in One Restaurant Cloud. We are confident that Dyney will lead Japan as an outstanding SaaS & FinTech company. HILL HOUSE｜Shin Kim
https://prcdn.freetls.fastly.net/release_image/43056/70/43056-70-10032e72e61c283f62c18d90a2a7119a-1300×680.png Hillhouse is thrilled to invest in Dinii’s innovative cloud-based POS tailored for restaurants in Japan. The team’s deep commitment to addressing the unique challenges faced by Japan’s restaurants is evident in their rapidly expanding suite of functionalities. We truly believe Dinii will become an indispensable asset for restaurant operators, with their transformative tool that streamlines operations, improves customer experience, and captures business opportunities. We are very excited to invest in Dyney, which is bringing major innovation to Japan’s restaurant industry. Looking at the attitude of everyone at Dainy who firmly understand the unique situations and issues faced by Japanese restaurants and are trying to solve them with deep commitment, I feel that they will continue to create many products and continue to develop deep-rooted I strongly believe that they will solve the problem. We believe that Diny will become an indispensable company in the restaurant industry by improving store operations, making the customer’s experience more enjoyable, and creating many new businesses with our many products. I’m sure of that. Flight Deck Capital ｜Jay Kahn
https://prcdn.freetls.fastly.net/release_image/43056/70/43056-70-e0ee539973cb704919f166a023914d97-1300×680.png I’m very excited about the potential for Dinii to penetrate the Japanese restaurant market. Having invested in Toast in the United States, I’ve witnessed first-hand how a vertically focused software application built specifically for restaurants beats generic POS systems over time. While Japan has lagged in terms of adoption to cloud based POS solutions, I expect the country to normalize penetration over time vs. global peers. Dinii is well positioned to win this market given the thoughtful, innovative, and differentiated solutions the team has built to -date and has in the pipeline to-come. I’m very excited to see how Dyney is penetrating the Japanese restaurant industry. As an investor in Toast in the US, I saw firsthand how a service specifically for the restaurant industry became the standard, overthrowing many other universal services. Japan’s restaurant industry has been slower to migrate to cloud-based services than the United States, but I think it’s only a matter of time. Under such circumstances, Dyney has created products that are extremely easy to use, innovative, and completely different from the competition, and will continue to create them in the future. We are confident that Diny will dominate the restaurant market. Eclectic Management｜Kyle Yuan
https://prcdn.freetls.fastly.net/release_image/43056/70/43056-70-ff8172764df01671b735e3f98318c891-1300×680.png An all-in-one cloud point of sale is both an expectation and a requirement for every restaurant in Japan today. Dinii has the potential to become one of Japan’s largest technology companies by leading the digitization of the large restaurant sector that remains offline. New employees will have the unique opportunity to work in a dynamic, young, and bilingual (English and Japanese) environment, with significant and continued backing from leading global investors. They’ll tackle complex challenges and gain experience in software, hardware, finance, and operations as Dinii becomes a major software and financial technology company. It goes without saying that today’s restaurant industry requires an integrated service called All in One Restaurant Cloud. Daini has the potential to become Japan’s number one tech company by leading the huge restaurant industry, which is still offline. Those who will join Dyney from now on will have the unique experience of creating big businesses and products together with our extremely active, youthful, and bilingual English-Japanese team members, as well as a team of tier-one global investors. You will be able to taste it. As a FinTech company as well as a SaaS company, in the process of becoming a great company, we will face various challenges in all areas, including software and hardware, as well as finance and operations. ◼︎ Dyney Co., Ltd. Representative Director Mao Yamada
https://prcdn.freetls.fastly.net/release_image/43056/70/43056-70-d32147d9e9c0ccd43a8ac4a5cbb9c6f0-3900×2605.jpg Japan’s restaurant industry is an industry that attracts attention from around the world, and is one of the backbones of the country, accounting for 5% of Japan’s GDP. Dyney will take on the challenges of this huge industry head on. The solution is Dyney from All in One Restaurant Cloud. Approaching the issues faced by the restaurant industry and its stakeholders head-on. Solving complex issues one by one. We have a solid strategy and products. Furthermore, we are creating a path to aim for the world based on Japan. In this funding round, the scale of this vision and the logic that supports it were highly evaluated, and we received great expectations and
responsibility for our company. Unicorn and decacorn companies continue to emerge around the world. The presence of startups is accelerating not only in the United States but also in India and France. On the other hand, in Japan, it is said to be in a startup recession, and it is difficult to say whether many startups that are successful in the world are being born. We were born in Japan, raised in Japan, and are proud of Japan. That is why we seriously aim to become an excellent company that promotes Japanese industry and culture and competes with the world. Please look forward to Dyny’s future.
◼︎Daini Co., Ltd.
https://prcdn.freetls.fastly.net/release_image/43056/70/43056-70-edaf4934c8268a43735f21e4fd6fed57-1920×1080.jpg Daini Co., Ltd. has the mission of “Making eating and drinking more fun and interesting,” and aims to become the eating and drinking infrastructure for everyone, developing services centered on mobile ordering and ID-POS for restaurants.・Provided. By entering the restaurant industry and developing products based on a deep
understanding of stores, employees, and customers, we use the power of technology to support restaurant management and dramatically change the value of customers’ restaurant experiences. ◼︎Company profile Company name: Dyney Co., Ltd. Representative: Representative Director Mao Yamada Established: June 20, 2018 Address: Block D, 15th floor, Hamamatsucho Building, 1-1-1 Shibaura, Minato-ku, Tokyo URL: https://www.dinii.jp/