Accel Lab

About Accel Lab

Accel Lab Ltd. operates as a key player in Japan's real estate technology sector, focusing on Internet of Things (IoT) and connected home services. The company was established in July 2017 as a subsidiary of the real estate developer Invalance Ltd., founded by Manabu Kogure. Kogure himself launched Invalance in 2004, growing it into a significant developer of investment properties in Tokyo before founding Accel Lab to merge technology with physical spaces. Initially starting as a specialized department within Invalance in December 2016 to equip properties with IoT, the venture quickly evolved.

The firm's core business revolves around a "Smart home as a Service" model, providing a platform rather than selling individual IoT devices or homes. This strategy is embodied in its primary product, "SpaceCore," a smart life platform launched in August 2019 that integrates various domestic and international IoT devices and services into a unified residential experience. By December 2022, SpaceCore had been adopted in over 21,000 properties across 250 companies. To broaden its market reach beyond the residential sector, Accel Lab launched "alie+," an IoT engine, in October 2022. This product extends the company's core IoT control technology to other industries like hospitality and caregiving.

A significant milestone occurred in October 2020 when Accel Lab dissolved its capital relationship with Invalance and entered into a capital and business alliance with Daito Trust Construction Co., Ltd. This strategic shift was followed by substantial fundraising, including a Series A round that secured 1.5 billion JPY in March 2021 and an additional 700 million JPY in January 2022. The company's business model is B2B, serving real estate companies, developers, and property managers by providing the software and support needed to launch their own branded smart home services. This enables clients to enhance property value and operational efficiency. The company is headquartered in Tokyo and is a member of the Connectivity Standards Alliance, underscoring its commitment to open standards in the IoT space.