Global Brain has invested in BALLAS, Inc. (BALLAS), a provider of procurement software for construction components, through its GB-VIII Growth Fund Investment Limited Partnership (GB-VIII) as the lead investor. BALLAS provides a software service that enables simple procurement of construction components via the Web. While the construction industry accounts for approximately 60 trillion yen, or 10% of Japan's GDP, its productivity has been called out as an industry issue for decades. In the procurement area, which constitutes a large part of construction industry, BALLAS is working on a system that enables sustainable and optimal procurement of parts and materials using IT. Global Brain has decided to invest in BALLAS because of its growth potential to revolutionize the huge construction market through procurement. Through this investment, Global Brain will provide multifaceted management support and reinforcement for the further business development of BALLAS.

About BALLAS

Location: Chuo-ku, Tokyo, Japan
Representative: Shono Kimura
Founded: February 2022
URL: https://www.ballas.biz/
(Available only in Japanese)

About GB-VIII

Name: GB-VIII Growth Fund Investment Limited Partnership
General Partner: Global Brain Corporation

About Global Brain

Location: Tokyo, Japan
Representative: Yasuhiko Yurimoto
Founded: January 1998
URL: https://globalbrains.com/

Global Brain has invested in BALLAS, Inc., a provider of procurement software for construction components, as the lead investor