Brief: Salesforce joins $38m investment in company that digitizes your business cards

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Photo credit: sjenner13 / 123RF Stock Photo.

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Tokyo-based Sansan digitizes all those business cards you pick up at meetings and conferences, turning them into a cloud-hosted contact database.

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Competitors: CamCard, Evernote

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How it compares to competitors: Sansan has a diversified product range, tailoring its business card management platform to the needs of both individual professionals, and organizations.

nTractionnnMore than 1.5 million registered individual usersnOver 6,000 premium corporate usersnClient organizations include Intel, Japan Post, Mizuho Bank, Ngee Ann Polytechnic, SAP, Seven & I Holdings, Sumitomo Mitsui Banking Corporation, Tokyo Gas, Toyota, and the Japanese government’s Ministry of Economy, Trade, and IndustrynOffices throughout Japan and overseas in SingaporennFunding detailsn

Amount raised: US$38 million
Funding stage: Series D
Investors: Future Creation Fund (backed by Sparx Group, Sumitomo Mitsui Banking Corporation, Toyota), DCM Ventures, Salesforce
Investment type: Equity
Purpose: To expand into new markets – most notably India – and to fund further development of its corporate-focused products
Total disclosed funding to date: US$79 million