enechain Corp. raised capital from angel investors to expand energy OTC transactions and build an energy trading platform

enechain Corp. (HQ: Shibuya Tokyo, CEO: Ryo Nozawa) raised capital by allocating new shares to several individual investors in an angel round of funding.

Based off of the capital raised on this round, enechain will further increase energy OTC (Over-the-counter) transactions* and build an energy trading platform with high liquidity to expand the Japanese energy market.
*OTC transaction means a trade done directly between two parties off exchange. It is contrasted with exchange trading, which occurs via exchanges.

About enechain

enechain is a startup company in Japan aiming to build an energy trading platform with high liquidity with a mission to “create a society in which anybody can freely buy and sell energy.”

enechain will create a society in which anybody can freely buy and sell energy by providing wholesale opportunities, not only to generators and retailers, but also to end users, such as factories, commercial buildings, and prosumers, and players without actual demand such as financial institutions.

Corporate profile

Name: enechain Corporation
CEO: Ryo Nozawa
Business Start Date: 2019/10
Capital (incl. Capital reserve): 70Million Yen
Headquarters: Shibuya, Tokyo
HP: https://enechain.co.jp/
Investors:
Naoki Aoyagi (President and CEO, Merpay)
Yoshinori Fukushima (CEO, LayerX Inc.)
Takayuki Fukatsu (CEO, THE GUILD)
Yo Nagami (CFO, RAKSUL Inc.)
and more.

Leadership team

President and CEO: Ryo Nozawa
Ryo Nozawa was responsible for LNG and power trading at Kansai Electric Power, the second largest energy utility, and for power trading in the US markets at a boutique commodity trading house. As a consultant at Boston Consulting Group, Ryo Nozawa also provided strategic consulting services mainly for Japanese energy clients. Bachelor of Economy, The University of Tokyo and MBA, Wharton School, The University of Pennsylvania

Vice president and COO: Hideaki Kato
As a member of the energy arm of Japanese trading house, Kanematsu Corporation, Hideaki Kato involved in physical trading of crude oil and petroleum products. After Kanematsu, he drove Amerex Energy’s petroleum product and power businesses as leading commodity broker with twenty years of experience. Bachelor of Engineering, Waseda University