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Nstock
Fintech · Tokyo, Japan · Founded 2022
Stock compensation SaaS managing equity incentive plans MoreLess
Nstock is a Tokyo-based fintech company founded in 2022 that provides a Software-as-a-Service (SaaS) platform for managing stock compensation plans. The company was established by Shoji Miyata, the founder of the unicorn company SmartHR, and Masaomi Takahashi, who also comes from SmartHR. Miyata started Nstock to address challenges within Japan's startup ecosystem that he experienced firsthand, particularly concerning stock options for employees.
Nstock's primary offering is a SaaS platform designed to streamline the administration of stock options (SOs) and other equity-based compensation for startups. The platform allows companies to manage contracts and visualize the economic value of stock options for rights holders, aiming to increase employee motivation. Key features include management of stock option contracts, visualization of their value for rights holders, and an application and approval function for exercising options. The company also plans to support restricted stock units (RSUs).
The firm's business model is centered on three pillars: the Stock Compensation SaaS Business, a Secondary Business, and a Startup Reinvestment Business. The Secondary Business, planned for a 2025 launch, involves creating a marketplace for unlisted stocks, conceived as an "in-house exchange" where the startup that issued the stock can control trading conditions and participants. This initiative aims to provide liquidity for stock options and shares even before a company goes public. Additionally, Nstock is exploring a reinvestment business to create a cycle where capital and experience from successful startups are reinvested into new ventures.
In September 2024, Nstock raised JPY 3 billion from investors including WiL, Coral Capital, Chiba Dojo Fund, ALL STAR SAAS FUND, and East Ventures. These funds are allocated towards product development, obtaining necessary business registrations under the Financial Instruments and Exchange Act, and preparing for the launch of its new business ventures.
Keywords: stock compensation, SaaS, equity management, stock options, fintech, unlisted stock exchange, startup ecosystem, employee incentives, pre-IPO liquidity, restricted stock units, equity administration, secondary market, venture capital, financial services, Japan
Company overview
Nstock company information
The essential company record, classifications and operating signals in one place.
- Status
- Operational
- Founded
- 2022
- Headquarters
- Tokyo, Japan
- Employees
- 36
- Open positions
- None listed
- Dealroom signal
- 90.8
Valuation & funding
Nstock funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES AOther financing | May 2025 | $33M | $133M | Undisclosed | — |
| EARLY VCOther financing | Sep 2024 | $23M | $92M | World Innovation Lab · Coral Capital | ↗ |
Financials
Workforce over time
Available workforce history. Financial fields without reported data are omitted.
| Year | Employees |
|---|---|
| 2026 | 36 |
| 2025 | 30 |
| 2024 | 21 |
Growth signals
Nstock website traffic
Latest recorded traffic for Nstock is 4.4K monthly website visits, down 45% over the last three months. Nstock's team grew 20% over the past year.
Comparisons
Nstock compared with similar companies
Dealroom’s weighted taxonomy model identifies the closest operating peers. Company identity and context stay open; selected comparison metrics preview what is available in the platform.
| Company | Headquarters | Status | Employees | Total funding | Valuation |
|---|---|---|---|---|---|
 Cake EquityPlatform designed to simplify and streamline the management of equity for startups and growing companies |
Gold Coast, Australia | Operational | 256 | $3.2M | $8.8M |
 KwantorSoftware-first equity management for founders and employees |
Gouda, Netherlands | Operational | |||
 SproutStakeholder management and equity administration software. |
Chicago, United States | Operational | |||
 Equity Plan SolutionsConsulting and administration for corporate equity plans. |
— | Operational | |||
 SharefloAI-powered cap table and equity administration. |
London, United Kingdom | Operational | |||
 Ask NelsonEquity intelligence and liquidity platform for tech employees |
— | Operational | |||
 National Association of Stock Plan ProfessionalsProfessional association for equity compensation education and resources. |
— | Operational | |||
 CapQuestSaaS for equity, ESOP, and debt management |
Dubai, United Arab Emirates | Operational |
Talent graph
Nstock's talent
Source: Dealroom Talent Intelligence.
Investors
2 investors on Nstock's cap table
Sourced from Dealroom's funding and investor records.
Global footprint
Where Nstock has talent and traffic
team presence
In the news
Latest news about Nstock
Recent press, funding announcements, and product moves mentioning Nstock — open to read from the original sources.
Market sentiment
What the market is saying about Nstock
An AI-synthesized read of the highest-engagement posts about Nstock on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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