Japanese Cryptocurrency Exchange Operator BACKSEAT Completes Seed Round, Raising Approximately $9.69 Million to Date

Japanese crypto exchange operator BACKSEAT has announced the completion of its seed round of funding, co-led by Spiral Capital and Headline Asia, with participation from East Ventures. The company, established for one year, has accumulated approximately 1.400 billion yen (approximately $9.690 million USD) in funding. It is reported that the funds from this round will be used for product development, talent recruitment, and strengthening the organizational structure. In February 2025, BACKSEAT acquired all shares of the Japanese crypto exchange "coinbook" and established a wholly-owned subsidiary "BACKSEAT Exchange (BSE)." (CoinDesk) [Odaily Planet Daily]