Estie

About Estie

Estie Inc. is a Japanese property technology company founded in December 2018 by Ei Hirai. Hirai, who serves as the CEO, previously worked at Mitsubishi Estate, where he was involved in overseas real estate investment and office leasing. This experience revealed a significant data gap in the Japanese commercial real estate market compared to international markets, inspiring him to establish Estie to address the industry's lack of data-driven decision-making.

The company operates a Data as a Service (DaaS) model, providing comprehensive digital solutions for the commercial real estate sector. Its core offering is a data and analytics platform that supports objective decision-making for real estate transactions, operations, and data analysis. Estie's client base includes major developers, financial institutions, and real estate investment funds. The firm has developed a suite of services built on a proprietary database. These services include "estie Market Research," a large-scale data platform for the office building market covering over 80,000 buildings nationwide; "estie Logistics Research," which provides data on logistics facilities; "estie Residence Research" for the rental housing market; and "estie J-REIT," a service specializing in J-REIT properties. By integrating AI with its data, the company aims to innovate leasing and transaction processes.

Estie has successfully raised a total of $46.6 million over three funding rounds. A significant Series B round in October 2024 brought in approximately $20 million, co-led by Vertex Growth and the Development Bank of Japan (DBJ), with participation from existing investors like Globis Capital Partners and the University of Tokyo Edge Capital Partners (UTEC). This funding is intended to accelerate a multi-product strategy, facilitate strategic mergers and acquisitions, and fuel expansion into Southeast Asia, with Singapore as the initial target market.

The management team includes Tatsuya Iwanari as CTO, who joined in 2020 after working as a software engineer at Indeed Japan, and Yugo Tsukahara, a Director who also came from Mitsubishi Estate.