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Ovice, A 'Virtual Space' Provider For Remote Work And Events, Completes $18 Million (1.8 Billion Yen) In Series A Funding

Nov 02, 2021about 4 years ago

Amount Raised

$18 Million

Round Type

series a

Nanao

Description

oVice (Headquarters: Nanao City, Ishikawa, Japan, CEO: Jung Sae-Hyung, https://ovice.in) has completed its Series A funding of $18 million with Eight Roads Ventures Japan as the lead investor and joined by follow investors and existing Pre-Series A investors.

Company Information

Company

O Vice

Location

Nanao, Ishikawa, Japan

About

oVice has been used as an online virtual office as well as an event venue by companies from a variety of industries. oVice is used by more than 1,200 companies and has issued more than 10,000 spaces (office and event space). Since the release of the service, oVice has been providing its product mainly in the Japanese market. Even with the increase in demand in remote work due to the COVID-19 pandemic, the growth or the hyper-growth that oVice had in the past 12 months was simply astonishing. "oVice is a new communication service that responds to this human desire for communication, and I am convinced that it will become the de facto standard that supports the hybrid work style in the post-COVID19 environment.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech