Matsuri technologies secures ¥1.5B debt from seven banks for expansion
What's the deal? Tokyo-based matsuri technologies has raised 1.5 billion yen (about $9.3 million) in debt financing from seven banks, alongside a 600 million yen credit facility. Lenders include Resona BankDealroom has a profile for this one. Try Dealroom →, Mizuho BankDealroom has a profile for this one. Try Dealroom →, Shoko Chukin BankDealroom has a profile for this one. Try Dealroom →, Hokkoku BankDealroom has a profile for this one. Try Dealroom →, Higashi-Nippon BankDealroom has a profile for this one. Try Dealroom →, Chiba BankDealroom has a profile for this one. Try Dealroom →, and Sumitomo Mitsui Banking CorporationDealroom has a profile for this one. Try Dealroom →.
What's the endgame? The company runs StayXDealroom has a profile for this one. Try Dealroom →, a software platform that lets a single space shift between uses — turning a two-year rental property into one that can operate as nightly lodging or short-term stays. Its software handles online marketing, real-time inventory, pricing, and AI-based cleaning staff management to enable unstaffed operations.
Why now? Inbound tourism to Japan hit a record in 2025, lifting demand for accommodation. Matsuri had relied mainly on equity financing until this round; adding bank debt gives it more flexibility to fund growth without further diluting shareholders.
What could go wrong? Debt carries repayment obligations and can weaken a company's capital ratios. Whether the deal pays off depends on Matsuri's future revenue growth and ability to service the borrowing.
The signal: Japanese startups are turning increasingly to debt financing as equity markets tighten, using bank loans and venture debt to secure growth capital while limiting dilution. Comparable deals include 10XDealroom has a profile for this one. Try Dealroom →'s 1.5 billion yen borrowing and IVRy's 4.5 billion yen from three megabanks. A seven-bank facility structured ahead of expansion points to rising lender confidence in treating startups as part of standard loan portfolios.
Image credit: Matsuri technologies
