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Orange

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AI-powered platform for large-scale manga localization

Tokyo, JapanFounded 2021Consumer Services
Valuation $50–100M Last recorded · 2024
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Orange and the history behind them.

About Orange

Orange Inc. is a Japanese startup founded in 2021 by CEO Shoko Ugaki with the mission of making manga globally accessible. Ugaki, a lifelong manga enthusiast with a personal collection of over 10,000 volumes, previously served as the youngest division head at mobile game developer COLOPL before founding Orange. He was joined in 2023 by COO and Board Director Hiroshi Hasegawa, who brought experience from Sumitomo Corporation and Boston Consulting Group.

The company addresses a significant bottleneck in the manga industry, where only an estimated 2% of titles published in Japan are officially translated into English. This gap has fueled a large market for pirated content. To tackle this, Orange has developed a proprietary AI-assisted localization system. This technology leverages deep learning, computer vision, and natural language processing to automate significant parts of the translation, typesetting, and lettering process, which aims to dramatically increase the volume and speed of manga localization. While AI provides the initial drafts and handles technical aspects, the company emphasizes a human-led workflow, where every page is reviewed and refined by in-house professional translators, editors, and letterers to ensure cultural nuance and artistic integrity.

Orange's business model operates on two main fronts. First, its in-house localization team, "Studio," produces translated manga. Second, the company retails digital manga through its own platform, "emaqi," which launched in North America in the summer of 2024. The emaqi store distributes both manga localized by Orange and finished English editions supplied directly by other major rights-holders and publishers, such as VIZ Media, Kodansha USA, and Yen Press. This digital storefront, whose name derives from traditional Japanese picture scrolls, aims to combat piracy by providing legal access to a wider variety of titles, including many previously unavailable in English.

The company's goal is to increase the output of officially localized manga from around 100 volumes per month to over 500, with a long-term vision of translating 50,000 titles in five years. Orange secured approximately $19.5 million in a pre-Series A financing round in 2024, with investments from major players like publisher Shogakukan and Globis Capital Partners, to fund its expansion and the launch of emaqi.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
Tokyo, Japan
Employees
26
Open positions
1
Dealroom signal
81.6/100
Industry
Media
Sub-industry
Publishing
Sector
Consumer Services, Core AI, Computer Vision, AI Translation, AI Applications
Technology
Artificial Intelligence, Machine Learning, Deep Learning, Natural Language Processing, Computer Vision
Business model
SaaS
Client focus
b2c

Funding history

3 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBT✓Debt Jul 2025 $192M — Mitsubishi UFJ Financial Group · Shoko Chukin Bank · Mizuho · Sumitomo Mitsui Banking ↗
SEED✓Equity / VC May 2024 $22M $90M Globis Capital Partners · ANRI · SBI Investment · Miyako Capital ↗
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Growth signals

Orange website traffic

Latest recorded traffic for Orange is 8.2K monthly website visits, up 70.8% over the last three months. Orange's team grew 4% over the past year.

Latest monthly visits8.2K 3-month web change+70.8% 1-year team growth+4%
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

14 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed10 investors entered at this stage

  • Globis Capital Partners
  • Chiba Dojo
  • ANRI
  • SBI Investment
  • Miyako Capital
  • JIC Venture Growth Investments
  • Mizuho Capital
  • GFR Fund
  • Mitsubishi UFJ Capital
  • Shogakukan

Series B and later4 investors entered at this stage

  • Mitsubishi UFJ Financial Group
  • Shoko Chukin Bank
  • Mizuho
  • Sumitomo Mitsui Banking
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇯🇵 Japan81.3%
🇺🇸 United States12.5%
🇩🇪 Germany6.3%
3 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Orange on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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