Terass

What Terass does

TERASS is a Tokyo-headquartered real estate technology company that operates an asset-light platform for independent real estate agents in Japan. Founded in April 2019 by Eguchi Ryosuke (formerly Recruit and McKinsey) and Inoue Toshitaka (formerly Fudousan Holdings), the company recruits licensed agents with at least three years of brokerage experience and supports them with proprietary tools including Loan Checker (a mortgage recommendation engine covering 70+ lenders), TERASS Cloud (contract automation), TERASS Portal (seller reporting with anti-channeling safeguards), and Estate Board (off-market commercial listing matching), under a commission model paying agents 75-90% of brokerage fees with no platform or joining fees. As of 2025 the platform hosted approximately 800 agents across offices in Tokyo, Osaka, Nagoya, Fukuoka, and Sapporo, and was ranked No. 1 by transaction value among Japanese agent-system brokerages by Tokyo Shoko Research.

Beyond the agent platform, TERASS has expanded into adjacent revenue lines through sub-brands and wholly-owned subsidiaries. Terass Prime offers paid consulting (¥50,000) for high-net-worth buyers of ¥80M+ central Tokyo properties; Terass Offer (formerly Agently) is a consumer-facing agent matching site; EN. by TERASS provides Build-to-Rent custom investment property development using AI-assisted planning, supported by subsidiary TERASS Architects (carved out of Fuji Real Tee in September 2025); TERASS Financial Technologies (June 2025) holds fintech and Loan Checker operations; TERASS PARTNERS handles rental property management; and TERASS Career plus Fudousan Campus address industry recruitment and training. As of September 2025 the group reported ¥24.6 billion in capital including reserves, with disclosed funding totaling approximately $23.7M across rounds led by Incubate Fund (2019), Globis Capital Partners (2021), and a 2025 Series 3 syndicate including Mizuho Capital, SBI Investment, MetaProp, Sumitomo Life Insurance, and others.

Name

Terass

Legal name

株式会社TERASS

Website

https://terass.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

Terass operates a Tokyo-headquartered platform that supports roughly 800 independent Japanese real estate agents with proprietary technology, marketing, and a 75-90% commission model, and sells adjacent services including premium buyer consulting, Build-to-Rent development, and mortgage tooling.

Ownership category

akta.pro rank

Product category

Real Estate Brokerage Services

NAICS

Offices of Real Estate Agents and Brokers (5312), Offices of Real Estate Agents and Brokers (531210), Residential Property Managers (531311), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531), Real Estate Investment Trusts (6798), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Affordable Housing & First-Time Buyer Brokerage (BPAJAAAD)

akta.pro secondary industries

Residential Investment Property Brokerage (SFR/Small Multifamily) (BPAJAAAE), Real Estate Investment Management (Acquisitions & Dispositions) (BPAJAMAK), Real Estate Buyer Representation (FSAEAJAG)

Keywords

• Real estate brokerage
• Agent platform
• Residential property transactions
• Mortgage recommendation
• Real estate investment

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure, Supply Chain

Revenue model

1. Real Estate Brokerage Commission (Agent Model): TERASS operates as an agent platform, earning revenue through transaction fees on completed property purchases and sales. Agents handle transactions independently; TERASS takes a share of brokerage commissions. Commission split is 75% to self-sourced agents, 40% to TERASS-referred leads, and 90% for high-volume agents. Standard brokerage fee is 3% of property price plus \u00a560,000 plus consumption tax.
2. Terass Prime Consulting Fee: Terass Prime charges a consulting fee of \u00a550,000 (excluding tax) for initial engagement for central Tokyo properties above \u00a580 million. In return, buyers receive asset-focused area and property selection, price diagnostic, scenario-based financial simulations, and a 10% discount on brokerage fees upon closing.
3. TERASS Career (Job Placement Fee): Real estate industry-focused recruitment placement service. Fees are charged to client companies upon successful candidate placement. No charge to job seekers. Revenue comes from placement commissions from employers.
4. EN. by TERASS (Build-to-Rent Development): Custom investment property development under a Build-to-Rent model. TERASS earns development and project management fees through AI-assisted architectural planning, land acquisition, and property management services. High LTV financing reduces initial capital requirements for investors.
5. Loan Checker / Loan Finder (B2B Tool): TERASS offers its mortgage proposal tool Loan Checker to other real estate companies (B2B SaaS model), generating licensing or subscription revenue from property industry partners.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels9 records

Core offering

Terass operates a next-generation real estate agent platform that recruits experienced independent real estate agents under a 75-90% commission structure and equips them with proprietary technology (TERASS Cloud, Loan Checker, Terass Offer, TERASS Portal, Estate Board), brand, agent advisor support, and lead generation. On the consumer side, it connects homebuyers, sellers, and high-net-worth investors with its affiliated agents through Terass Agent, Terass Offer, and Terass Prime (central Tokyo ¥80M+ consulting), and offers EN. by TERASS custom Build-to-Rent investment property development using AI-assisted architectural planning.

Product overview

TERASS operates a next-generation real estate agent platform consisting of core brokerage services (Terass Agent, Terass Offer) and proprietary technology tools (Loan Checker, TERASS Cloud, TERASS Portal, Estate Board). The portfolio also includes premium services (Terass Prime for high-value purchases), investment property development (EN. by TERASS), and career support (TERASS Career with Fudosan Campus). The ecosystem connects approximately 800 agents with customers through technology-driven matching and support, while providing agents with marketing tools, training programs, and administrative automation.

Differentiator

Problem solved

Functional benefit

Brands

• Terass Offer (旧Agently): エージェント提案型家探しサイト。顧客が信頼できるエージェントと出会えるプラットフォーム。
• Terass Prime
• Loan Checker
• EN. by TERASS
• TERASS Career
• TERASS Cloud
• TERASS Portal
• Estate Board
• Terass Agent
• 不動産キャンパス

Products and services

• Terass Agent
• Terass Offer
• Terass Prime
• Loan Checker
• EN. by TERASS
• TERASS Career

Quantifiable outcome

• TERASS ranked No. 1 among real estate agent-system brokerage companies by transaction volume (Tokyo Shoko Research, May 2025)
• +3 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration19 records

AI capability2 records

Feature6 records

Partnerships

22 partnerships are on record, tiered core and minor.

• Suumo (\u30b9\u30fc\u30e0\u30fc)coreChannel Partner/ Reseller/ DistributorMajor real estate portal operated by Recruit. TERASS agents actively list properties on SUUMO, one of Japan's largest real estate classified sites. Suumo is a key lead generation channel for TERASS agents.
• HOME'S / Suumo (\u30db\u30fc\u30e0\u30ba\uff0f\u30b9\u30fc\u30e0\u30fc)coreChannel Partner/ Reseller/ DistributorMajor real estate portal. TERASS agents use HOME'S one-quote purchase service (\u4e00\u62bc\u8a08\u8cfc\u5165) for lead generation. HOME'S is cited as one of the most cost-effective lead sources.
• Manabond (\u30de\u30f3\u30b7\u30e7\u30f3\u30ca\u30d3)minorChannel Partner/ Reseller/ DistributorPortal site for lead generation. Listed among integration/partnership tools.
• SRE Homes (\u30b9\u30ea\u30fc\u30db\u30fc\u30e0\u30ba)minorChannel Partner/ Reseller/ DistributorReal estate portal for lead generation listed among TERASS integrated tools.
• Ouchi Claire (\u304a\u3046\u3061\u30af\u30e9\u30a8\u30fc\u30eb)minorChannel Partner/ Reseller/ DistributorReal estate portal listed as TERASS integrated lead generation tool.
• Housii (\u30db\u30a6\u30b7\u30fc)minorChannel Partner/ Reseller/ DistributorReal estate quote comparison site for lead generation.
• HOME4U (\u30db\u30fc\u30e0\uff66\u30a9\u30fc)minorChannel Partner/ Reseller/ DistributorNTT Real Estate's property quote and sale estimation service for lead generation.
• HowMa (\u30db\u30a6\u30de)minorChannel Partner/ Reseller/ DistributorReal estate matching platform for lead generation.
• IESHIL (\u30a4\u30a8\u30b7\u30eb)minorChannel Partner/ Reseller/ DistributorReal estate asset-value analysis platform for lead generation.
• Taku-lin (\u30bf\u30af\u30ea\u30f3)minorChannel Partner/ Reseller/ DistributorReal estate portal for lead generation.
• Town Life (\u30bf\u30a6\u30f3\u30e9\u30a4\u30d5)minorChannel Partner/ Reseller/ DistributorReal estate information portal for lead generation.
• at-home (\u30a2\u30c3\u30c8\u30db\u30fc\u30e0)coreChannel Partner/ Reseller/ DistributorMajor real estate portal. Listed among TERASS agent advertising tools. Key channel for property listing distribution.
• Rakumachi (\u697d\u5f85)minorChannel Partner/ Reseller/ DistributorReal estate investment portal for income/commercial property lead generation.
• Kakuchou Shiratori (\u89b3\u6dfb\u65b0\u66f8)minorChannel Partner/ Reseller/ DistributorReal estate portal for lead generation.
• Lifull Home's (\u30ea\u30d5\u30eb\u30db\u30fc\u30e0\u30ba)coreChannel Partner/ Reseller/ DistributorMajor real estate portal operated by LIFULL. TERASS agents use HOME'S one-quote service for lead generation, priced at \u00a515,000 per quote with monthly spend of approximately \u00a5150,000.
• au Jibun Bank (\u30aa\u30fc\u30a8\u30fc\u30fb\u3058\u3076\u3093\u9280\u884c) and ~20 Financial InstitutionscoreChannel Partner/ Reseller/ DistributorTERASS has partnerships with approximately 70 financial institutions for mortgage products. au Jibun Bank is specifically mentioned as a bank agency (\u9280\u884c\u4ee3\u7406). The extensive lender network enables Loan Checker to offer customers optimal mortgage options.
• iYell (\u30a2\u30a4\u30a8\u30eb)minorChannel Partner/ Reseller/ DistributorMortgage-related fintech service integrated with TERASS for financial planning support.
• Home Net Co., Ltd. (\u682a\u5f0f\u4f1a\u793e\u30db\u30fc\u30e0\u30cd\u30c3\u30c8)minorStrategic or Co-development PartnerApartment purchase and resale (\u30de\u30f3\u30b7\u30e7\u30f3\u8cfc\u53d6\u518d\u63abl) company. TERASS partnership for apartment buyback and resale referrals.
• Residential Fudosan (\u682a\u5f0f\u4f1a\u793e\u30ec\u30b8\u30c7\u30f3\u30b7\u30e3\u30eb\u4e0d\u52d5\u7523)minorStrategic or Co-development PartnerApartment purchase and resale company. TERASS partnership for apartment buyback and resale referrals.
• Alpha Financial Planners (\u682a\u5f0f\u4f1a\u793e\u30a2\u30eb\u30d5\u30a1\u30fb\u30d5\u30a3\u30ca\u30f3\u30b7\u30e3\u30eb\u30d7\u30e9\u30f3\u30ca\u30fc\u30ba)minorStrategic or Co-development PartnerFinancial planning (FP) service partner providing financial planning consultations to TERASS customers as part of the loan and purchase process.
• Property Access (\u30d7\u30ed\u30d1\u30c6\u30a3\u30a2\u30af\u30bb\u30b9)minorStrategic or Co-development PartnerCross-border real estate transaction specialist. TERASS partnership enabling international property transactions for agents and clients.
• Tamera (\u30bf\u30e1\u30cb\u30fc\u682a\u5f0f\u4f1a\u793e)minorStrategic or Co-development PartnerMatchmaking and casual wedding business. Cross-promotional partnership enabling TERASS agents to connect with clients in the matchmaking/relationship stage who may be considering housing purchases.

Scale indicators9 records

Recent moves11 records

Expansion highlights8 records

Others

• SUUMO (Recruit): Largest Japanese real estate portal operated by Recruit. While not a direct competitor, TERASS agents depend on SUUMO for lead generation; comparable as the dominant marketplace connecting Japanese real estate supply and demand.

Emerging players

• iYell: Japanese mortgage-focused fintech integrating home loan comparison and brokerage tools with real estate workflows. Comparable to TERASS's Loan Checker product, with partial overlap in the mortgage-aggregation vertical serving Japanese brokerages.
• IESHIL: Japanese AI-driven real estate asset value analysis and matching platform. Comparable to TERASS in using data-driven valuation to serve real estate buyers and integrate with brokerage workflows through portal and lead generation partnerships.

Broad incumbents

• LIFULL: Major Japanese real estate portal operator (HOME'S) and broader real estate data/media company. Overlaps with TERASS through lead-generation partnerships and consumer-facing real estate content, though operates as a portal incumbent rather than an agent-platform.
• Open House: Major Japanese real estate company focused on single-family homes and condominiums in the Tokyo metropolitan area. Overlaps with TERASS in residential brokerage, but operates a traditional employee-based model rather than agent-platform.

Direct peers

• eXp World Holdings: Global cloud-based real estate brokerage operating an agent-centric model with high commission splits and minimal physical office footprint. Closely comparable to TERASS's office-less, contractor-driven model with technology-enabled agent support.
• ielove: Japanese real estate SaaS provider offering CRM, listing, and operational tools to real estate agencies across Japan. Comparable as a B2B proptech enabler serving the same Japanese real estate brokerage ecosystem that TERASS agents operate within.
• Redfin: US tech-enabled residential brokerage with proprietary technology, mortgage tools, and direct-to-consumer portal. Comparable to TERASS in combining technology, brokerage, and mortgage intermediation under one platform targeting residential buyers.
• Compass: US-based tech-enabled real estate brokerage platform with an agent-network model. Closest international analogue to TERASS: combines independent agent support, proprietary technology, premium buyer services, and high commission splits in a brokered marketplace.
• GA technologies: Japanese proptech platform offering RENOSY real estate services with technology-enabled transaction tools and brokerage support. Both operate tech-forward real estate platforms targeting Japanese consumers and professionals, with overlapping tech-enabled transaction and mortgage tools.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@terass_sumai_academy
• Xx.com/TERASS_jp
• Facebookfacebook.com/terass.japan

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries4 records

Funding overview

Funding rounds4 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Terass