Real Estate Tech "TRUSTART" Raises JPY 1.3bn in Series C
TRUSTART, which supports DX transformation of users' real estate-related operations through proprietary real estate big data collection, has raised 1 billion yen through third-party allotment to HIRAC FUND (MoneyForward Venture Partners), Daiwa Corporate Investment, Mitsubishi UFJ Capital, Japan Venture Capital, Asia Air Survey, Iwagin Future Investment, GMO VenturePartners, mint, SMBC Venture Capital, Sagin Capital & Consulting, and Terrasky Ventures. Additionally, through 300 million yen in debt financing from Resona Bank and Sumitomo Mitsui Banking Corporation, the total funding raised amounts to 1.3 billion yen.
TRUSTART has previously raised approximately 800 million yen in funding, bringing the cumulative funding total to approximately 2.1 billion yen with this round.
Additionally, TRUSTART announced their real estate big data platform concept that aims to resolve information fragmentation as a "data hub for all industries handling real estate information."
Market Growth and Track Record
According to Yano Research Institute, the real estate tech market size in fiscal 2022 was estimated at 940.2 billion yen, up 21.1% from the previous year, and is predicted to expand to 2.378 trillion yen by fiscal 2030. Growth in business-to-business (BtoB) services is particularly remarkable, expected to expand approximately 2.3 times to 518 billion yen.
Meanwhile, despite being one of Japan's core industries, the real estate industry faces serious challenges with information fragmentation. Various data is scattered across multiple analog locations such as government offices, legal affairs bureaus, and on-site surveys, as well as digitally. The absence of a comprehensive data platform to integrate this information has delayed DX progress, prevented resolution of person-dependent processes, and hindered productivity improvements across the industry.
Since its founding in 2020, TRUSTART has pursued the purpose of "Making everything possible with people and data," working to resolve information fragmentation across all industries handling real estate information through the collection and provision of real estate big data.
The real estate big data collection and provision service "R.E.DATA" holds over 900 million items of real estate information and can identify real estate properties that users seek and provide corresponding real estate owner data. R.E.DATA's strength lies in its industry-leading comprehensiveness and accuracy of information, with database construction speed dramatically improved through the utilization of generative AI.
Cumulative transaction companies have reached approximately 700, and 2025 revenue is expected to be over 4 times the annual revenue from 2023 when Series B funding was conducted (as of August 1, 2025).
Value Provision to Wide Range of Industries Utilizing Real Estate Information
TRUSTART provides services to business partners across various industries that utilize real estate information.
Major Service Destinations and Use Cases:
- Real Estate Companies: Purchase, brokerage, management transitions
- Financial Institutions: Wealthy client development, refinancing, inheritance planning
- Professional Services: Inheritance tax, wills, sales registration
- Reuse Companies: Pre-death organization, estate clearing, moving
- Infrastructure Companies: Gas/electricity contract reviews, security camera installation
- Data Business Operators: Marketing, data utilization, collaboration
Use of Funding
Talent Acquisition/Organizational Strengthening: Focus on securing talent particularly in sales, engineering, and new business management roles
System Development: Development of real estate big data platform functions as a comprehensive database tool through AI-powered expansion of real estate data types, and enhancement of predictive analysis capabilities
Marketing: Customer base expansion through advertising optimization, offline activities such as industry exhibitions, and strategic partnership building
Business Growth Acceleration
TRUSTART will continue expanding the over 900 million items of real estate information in "R.E.DATA" to create further value.
Data Type Expansion: Expanding into areas such as corporate/human flow data and financial data
Added Value Enhancement: Rolling out new functions such as AI-powered predictive analysis and consulting, machine learning-based sales trend analysis, and AI-assisted automatic evaluation and proposal creation
In the medium to long term, TRUSTART aims to function as a "data hub" for all industries handling real estate information, realizing information fragmentation resolution and productivity improvements across the industry.
As part of TRUSTART's growth strategy, the company will also consider business area expansion through M&A.
Real Estate Big Data Platform Concept
TRUSTART aims to realize a real estate big data platform that functions as a "data hub for all industries handling real estate information."
Currently, the real estate industry experiences "individual optimization of information collection and data conversion," "data silos," and "loss of growth opportunities" due to information fragmentation, leading to hindered labor productivity improvements and opportunity losses.
By becoming a data hub for all industries handling real estate information, TRUSTART aims to solve these challenges and contribute to productivity improvements.
Norbert Gehrke
