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BACKSEAT raised 1.4 billion yen for the full acquisition of the Japanese encryption exchange coinbook.
[Bitu] The Japanese encryption exchange operator BACKSEAT announced that it has completed its seed round financing, led by Spiral Capital and Headline Asia, with participation from East Ventures. The company has raised approximately 1.4 billion yen (about 9.69 million USD) in total financing within a year of its establishment. It is reported that the funds from this financing will be used for product development, talent recruitment, and strengthening the organizational structure. BACKSEAT acquired all shares of the Japanese encryption exchange "coinbook" in February 2025 and established a wholly-owned subsidiary "BACKSEAT Exchange (BSE)".