H2L raises funds totaling at 200 million yen
~Business and development expansion for VR/AR game controller UnlimitedHand begins~
Third-party allocation of shares underwritten by Energy & Environment Investment and Sony Innovation Fund.
H2L inc. (Headquarters: Chiyoda-ku, Tokyo. CEO: Ken Iwasaki) has raised a total of 200 million yen by allocating shares to the third parties Energy & Environment Investment, Inc. and Sony Corporation’s corporate venture capital Sony Innovation Fund.
To this day, H2L has produced PossessedHand, a FES kit targeted at researchers who wish to control human finger motions, and UnlimitedHand, a haptic game controller targeted at VR/AR applications. Since their introduction in 2016, they have been garnering much attention within the VR/AR field. H2L will make full use of the received funding to push development and business expansion in the VR/AR field, with the aim of setting world standards for gesture input/output interfaces.
■ Outline of the Underwriters
・EEI Smart Energy Investment Limited Partnership
Headquarters: Shinagawa-ku, Tokyo
Partner Energy & Environment Investment, Inc. CEO Shuichiro Kawamura
As a Venture Capital dedicated to the field of environmental energy, they provide not only risk money but also supports Venture Start ups in their growth. Main areas of investment include Smart Housing / Green Construction / Solar and Solar Thermal / Batteries and Fuel Cells / Next- generation lighting and air-conditioning, Next-generation Automobile Infrastructure / Green Logistics, Home Networks and Green IT etc.
・Sony Innovation Fund
Established in July 2016 by Sony Corporation. Sony will cooperate with outstanding researchers and startups more globally than we ever in the fields of AI, robotics and more. Furthermore, Sony aims to create an open ecosystem through investing in businesses that will be able to utilize resources within the group.
■ About H2L inc.
Established July 2012. The company researches and develop products that allows remote transfer of one’s sense of touch. Up till now, PosessedHand, one of 2011’s Best 50 inventions selected by TIME magazine, and UnlimitedHand, which was unveiled in TechCrunch Disrupt SF 2015 has been their flagship products. H2L has accumulated much experience in research related to gesture recognition and haptic feedback technologies. H2L is the first start up from Japan to be selected to participate in the globally renowned pitch contest TechCrunch Disrupt Startup Battlefield. In 2016,
Sony hosted it’s innovation program「Seed Acceleration Program. Competing with other startups, H2L has won 1st place in the 「Sony – Startup Switch」business plan competition.
■ Corporate Outline
Name: H2L inc.
CEO: Ken Iwasaki
Address: The SOHO 1304, 2-7-4, Aomi, Koto-ku, Tokyo, 135-0064, Japan Capital: ¥105,350,000 JPY
Our Business: VR, AR entertainment related to games and tourism