Sassor executes allocation of new shares to Samurai Incubate Fund

Sassor raised capital from Samurai Incubate Fund I, which is expected to be several million yen. The money will be mainly used for development. Along with the investment, Sakakibara, President of Samurai Incubate, becomes a director to support management, marketing, sales and human resource.

Sassor was just incorporated at September 30 by two postgraduate students from Keio University after 3 months in Seed Accelerator Program by Open Network Lab organized by Digital Garage and others. It develops Energy Literacy Platform, a management tool of electric power consumption at home.

Energy Literacy Platform allows to monitor power consumption and manage the data on the Internet by connecting an ELP module between outlet and electric appliances. 

The company aims to launch a service within an year.  

Venture Now 10/4/2010