BALLAS announced that it raised a total of ¥3.4 billion in a Series B extension for its construction materials procurement platform. The combined equity and debt financing will accelerate the development of an AI-powered end-to-end supply chain.
BALLAS, which operates a construction materials procurement platform, secured a total of ¥3.4 billion on the 10th as additional Series B financing. The funding comprised ¥2.5 billion in equity and ¥900 million in debt, bringing cumulative funding since inception to approximately ¥5.3 billion.
The extension included a third-party allotment underwritten by JIC Venture Growth Investments (JIC VGI), which is backed by a public-private fund, as well as borrowings from the Japan Finance Corporation and MUFG Bank. At the initial close, the company raised a total of ¥2.4 billion, comprising ¥2.1 billion in equity and ¥300 million in debt, with SMBC Edge and Z Venture Capital serving as lead investors.
BALLAS began operations in February 2022. It provides a data-structured procurement platform used by construction companies and fabrication plants, transitioning design, procurement, manufacturing and construction data to an AI-managed workflow. It now aims to build an AI-Native End-to-End Supply Chain Platform that uses AI agents to automate processes from discussions on counterparty projects through delivery.
Its supply markets have expanded to four areas: data centers and logistics facilities, industrial plants, manufacturing plants, and commercial and office buildings. GMV has grown at an average annual rate of 130% since Series A. The company plans to link design information with BALLAS LINKS and BALLAS SCM through partnerships with more than 150 factories nationwide, advancing front-loading and modularization at the design stage.