TERASS Raises Series C Round of 3.1 Billion Yen
TERASS has completed a Series C round totaling 3.1 billion yen (2 billion yen in third-party allotment capital increase, 1.1 billion yen in existing shareholder stock transfer) with 10 companies as underwriters, including Norinchukin Capital, Mizuho Capital, Boost Capital, and Z Venture Capital.
The cumulative fundraising amount since the Series A round, including this third-party allotment capital increase, now reaches 4.26 billion yen.
Based on this fundraising, TERASS will further accelerate business growth and aims to become No.1 in three areas by 2027: "sales as an independent real estate brokerage company," "number of real estate brokerage sales personnel," and "comprehensiveness of real estate transaction and asset formation-related services," thereby establishing its position as a main player guiding customers to better living and asset formation through "good real estate transactions."
Purpose of Fundraising
The funds raised will primarily be used for:
- Strengthening AI and other technologies to achieve dramatic productivity improvements for real estate agents and evolve customer experience
- Expanding real estate transactions, housing loan financial services, and asset formation-related services
- Hiring excellent real estate agents and headquarters employees in anticipation of business expansion
- Executing M&As to achieve rapid growth
This fundraising strategically combines third-party allotment capital increase with existing shareholder stock transfers (secondary transactions) as a "cocktail deal" to strengthen synergies and co-creation with shareholder companies toward realizing medium-term growth strategies.
Business Progress
Since its founding in 2019, TERASS has been building a "next-generation real estate agent farm" platform under the mission "Good real estate transactions come from good agents," enabling excellent agents to provide customer-focused brokerage services with individual freedom in their working styles.
As of July 2025, the number of agents has grown to approximately 800, with cumulative transaction volume since founding reaching approximately 400 billion yen, generating numerous "good real estate transactions."
TERASS's proprietary technology utilizing AI has dramatically increased agent productivity. The percentage of agents working an average of 9 hours or more per day has significantly decreased from 63% in their previous jobs to 9% after joining TERASS (a 54% decrease), while customer satisfaction reached 98%, growing into a platform that realizes both better customer experience and agent self-actualization.
Future Outlook
Going forward, TERASS will expand the number of excellent agents to over 2,000, making it the largest scale in Japan for real estate brokerage sales personnel, providing a "new customer experience" in real estate transactions to more customers. Additionally, leveraging technology, the company will expand into financial services centered on housing loans and "alternative investment"-related businesses such as real estate investment, aiming to provide total support for customers' better living and asset formation.
To achieve this, the company will accelerate hiring of excellent engineers and other personnel, and execute M&As for business domain expansion.
"AI Real Estate Agent" Further Evolves Customer Experience
In strengthening technology for real estate transactions, TERASS will utilize AI to achieve further business efficiency and customer experience evolution.
For business efficiency, the company has already developed and implemented technology that automates contract creation and checking, which are crucial in real estate transactions. Going forward, it will expand the scope of automated business areas and service provision, creating a business environment where more real estate transactions can be executed quickly and accurately with a small back-office structure.
For customer experience evolution, TERASS is developing an "AI Real Estate Agent" that can provide 24/7 advice tailored to customers' needs for initial-stage concerns that customers hesitate to discuss with sales representatives, such as "Should I buy in the first place?" and "What should my budget ceiling be?" This will establish a new style of real estate brokerage that stays close to customers while allowing agents to focus on uniquely human brokerage support.
Norbert Gehrke
