Startup

Kakehashi logoK

Kakehashi

株式会社カケハシ

Healthcare

#11 in the Japan Top 100 Startups

Founded / HQ2016 · Tokyo
Equity raised to date¥28.9B
“約149億円(2023年3月累計)+約140億円(シリーズD)”
Summed by The Raising Sun from disclosed rounds · as of 10 Jun 2025 · Kakehashi (summed by us)
STARTUP DB lists ¥30.02B.
Last round10 Jun 2025 · Series D · ¥14B
約140億円
Latest public valuationNot publicly disclosed (we do not estimate)
UnicornNo
Websitewww.kakehashi.life

From Japanese sources

Findings from Japanese-language filings, government records, trade press, interviews and job posts, with our English analysis. Items tagged Japanese-only had no English coverage when we checked quickly. Most insightful first.

2025-08-29Exec interviewJapanese-onlyInside Kakehashi's Series D: how a secondary sale grew into a ¥15B round
カケハシがセカンダリー起点で実現したシリーズDラウンドの裏側

CEO Takashi Nakagawa explains that the round began as a small secondary-plus-primary deal. It was rebuilt above ¥10B because many foreign funds have a '$100M minimum' and few Japanese rounds clear that bar. Both co-founders sold a small part of their stakes for the first time after years of low pay. The interview shows how secondaries and round size now act as levers for attracting overseas capital to Japan.

Source: Nstock Journal
2026-01-26Regulatory filingJapanese-onlyKakehashi's FY2/2025 statutory notice: net loss ¥2.44B
株式会社カケハシ 第9期決算公告

The notice shows a ¥2.44B loss, an accumulated deficit of ¥5.97B and total assets of ¥6.65B before the Series D cash arrived. That is a modest burn for a ¥10B+ pharmacy-SaaS player, consistent with the CEO's view that an IPO is not a near-term goal.

Source: Kanpō financial notice (via 官報決算データベース)

Overview

Kakehashi makes software for Japanese pharmacies, led by Musubi, an electronic medication-record and patient-guidance system, now with an AI assistant that drafts records from voice; that feature is in more than 5,500 pharmacies. It also runs projects linking hospitals, pharmacies and patients, such as an AMED-funded study for outpatient cancer patients. It sells subscriptions to pharmacies. Its June 2025 Series D of about ¥14B was led by Goldman Sachs, following a ¥9.4B Series C in 2023; it also uses venture debt, which we exclude.

Built from: Series D release · Newsroom

Company timeline

Founded

Date2016-03-30· Kakehashi
FoundersYutaka Nakao, Takashi Nakagawa

Funding

DateRoundAmountLead / key investorsSource
2018-05-14Series A (close)¥900M
総額約9億円
PR TIMES
2019-10-31Series B¥2.6B
約26億円
PR TIMES
2020-10-12Funding¥1.8B
18億円
PR TIMES
2022-02-17DebtUndisclosed
新株予約権付融資を活用した資金調達を実施
PR TIMES
2023-01-11Series C (first close)¥7.6B
76億円
PR TIMES
2023-03-29Series C¥9.4B (cumulative ≈¥14.9B)
シリーズC総額94億円
Kakehashi
2025-06-10Series D≈¥14B
約140億円のシリーズDラウンド
Goldman SachsKakehashi
2025-06-10Series D≈¥14B
約140億円のシリーズD
Company release (PR TIMES)
2025-07-02Venture debt (excluded)Undisclosed
ベンチャーデットを活用した資金調達
Kakehashi

Key hires & board

2025-07-01HireKakehashi CTO Keita Yunomae becomes executive of Japan CTO Association· PR TIMES
2026-06-08C-levelNew CFO and Chief Legal Officer appointed· Kakehashi

Milestones

2025-08-29RecognitionKakehashi named in Findy Team+ Award 2025 for third year· PR TIMES
2025-12-16PartnershipKakehashi begins business partnership with Geltec· PR TIMES
2026-05-11ProductAI voice-based medication record generation rolled out to all Musubi users· Kakehashi
2026-07-06GrantAMED-backed large trial connecting hospitals, pharmacies and cancer outpatients· Kakehashi
2026-07-06RecognitionKakehashi starts AMED-backed trial linking hospitals, pharmacies and cancer outpatients· PR TIMES
2026-09-15TractionAI voice record feature passes 5,500 pharmacies· Kakehashi
2026-09-15TractionKakehashi AI voice medication-record feature passes 5,500 pharmacies· PR TIMES

News

2026-09-29Exhibiting at the Japan Pharmacy Society congress
【出展・セミナー情報】「第20回 日本薬局学会 学術総会」展示ブース出展およびランチョンセミナー共催の· Kakehashi
2026-09-29Exhibiting at the Japan Pharmaceutical Association congress
【出展・セミナー情報】「第59回 日本薬剤師会学術大会」展示ブース出展およびランチョンセミナー共催の· Kakehashi
2026-09-15AI voice medication-record feature passes 5,500 pharmacies
カケハシ「AIアシスタント 音声薬歴生成機能」、導入5,500店舗を突破!国内の薬局向けAI音声薬歴生成機能として業界トップクラス *¹ の導入数· Kakehashi
2026-09-15Kakehashi AI voice medication-record feature passes 5,500 pharmacies
カケハシ「AIアシスタント 音声薬歴生成機能」、導入5,500店舗を突破!国内の薬局向けAI音声薬歴生成機能として業界トップクラス *¹ の導入数· PR TIMES
2026-09-02Survey: 11.7% use pharmacies for minor health consultations
【カケハシ・生活者の薬局活用実態調査】薬局を「日常のちょっとした不調の相談」に利用する人は11.7%、OTC購入やセルフチェックなど、処方薬の受け取り以外にも多様な活用· Kakehashi
2026-09-02Kakehashi survey: 11.7% use pharmacies for minor health advice
【カケハシ・生活者の薬局活用実態調査】薬局を「日常のちょっとした不調の相談」に利用する人は11.7%、OTC購入やセルフチェックなど、処方薬の受け取り以外にも多様な活用· PR TIMES
2026-07-16Login outage resolved
【復旧の】弊社サービスへのログイン障害について· Kakehashi
2026-07-06AMED project to close care gaps for cancer outpatients
カケハシ、AMED採択事業で外来がん患者の「医療接点の空白」解消へ 病院・薬局・患者をつなぐ大規模実証を開始· Kakehashi
2026-07-06Kakehashi starts AMED-backed trial linking hospitals, pharmacies and cancer outpatients
カケハシ、AMED採択事業で外来がん患者の「医療接点の空白」解消へ 病院・薬局・患者をつなぐ大規模実証を開始· PR TIMES
2026-06-2310th anniversary Pharmacy Leaders Day with ex-BOJ governor Kuroda
創業10周年のカケハシ、前日銀総裁の黒田東彦氏らを迎え「Pharmacy Leaders Day 2026」を7月8日に開催· Kakehashi
2026-06-23Kakehashi marks 10th anniversary with Pharmacy Leaders Day 2026
創業10周年のカケハシ、前日銀総裁の黒田東彦氏らを迎え「Pharmacy Leaders Day 2026」を7月8日に開催· PR TIMES
2026-06-08New CFO and CLO appointed
新執行役員CFOおよびCLO(Chief Legal Officer)就任の· Kakehashi
2026-05-19Featured in Nikkei STARTUP X
日本経済新聞「STARTUP X」にて、当社記事が掲載されました。· Kakehashi
2026-05-11AI voice medication-record feature becomes standard in Musubi
カケハシ、「AIアシスタントー音声薬歴生成機能ー」の提供を本格開始。先行検証を経て、「Musubi」の標準機能として全ユーザーへ展開· Kakehashi
2026-02-05Joint study on patient follow-up and side-effect detection published
副作用検出率向上につながる患者フォローアップの役割を示した共同研究が「レギュラトリーサイエンス学会誌」に掲載· PR TIMES
2025-12-23Kakehashi brings Zoo Inc. into its group
カケハシ、株式会社ズーのグループ参画を通じサービス提供体制の充実と医療体験向上を加速· PR TIMES
2025-12-16Kakehashi begins business partnership with Geltec
カケハシ、ゲルテック株式会社と業務提携を開始· PR TIMES
2025-08-29Kakehashi named in Findy Team+ Award 2025 for third year
カケハシ、エンジニア組織の開発生産性が優れた企業 「Findy Team+ Award 2025」に3年連続で選出· PR TIMES
2025-07-01Kakehashi CTO Keita Yunomae becomes executive of Japan CTO Association
カケハシ 執行役員CTO 湯前 慶大が 日本CTO協会 新幹事に就任· PR TIMES
2025-06-10Kakehashi raises ≈¥14B Series D
カケハシ、約140億円のシリーズDラウンドを実施· Kakehashi

See all news on the company site →

Founder profiles: Yutaka Nakao

Funding rounds in 2026

No 2026 rounds in our database yet. Earlier funding is summarised above from the cited source.