Fundbook

What Fundbook does

Fundbook is a Japanese M&A intermediary specializing in business succession and mid-market transactions, operating as a wholly-owned subsidiary of TSE Prime-listed Change Holdings Inc. The company serves two primary client cohorts: SME owners seeking succession or sale (sell-side), and growth-oriented companies, PE funds, and strategic acquirers seeking acquisition targets (buy-side). Its service architecture combines traditional advisor-led consulting with proprietary technology assets, most notably KEPL — an AI matching system built on a ~100,000-company database — and fundbook cloud, a public-facing online platform that publishes curated M&A listings for prospective buyers. Fundbook employs over 100 M&A advisors organized into industry-specialized teams covering manufacturing, construction, healthcare, eldercare, IT, food, energy, LP gas, and other verticals, supported by licensed professionals (CPAs, tax accountants, judicial scriveners) and a dedicated matching team. Operations are headquartered in Tokyo with a regional headquarters in Osaka covering western Japan.

Fundbook monetizes exclusively through transaction success fees (レセプター) charged upon M&A closing, with advisory contracts and initial business valuations provided free of charge to reduce client acquisition friction. Fee structures vary by deal size and complexity, and intermediate payments may apply in certain contract structures. The go-to-market motion is sales-led, centered on free initial consultations (in-person or remote) followed by financial diagnostics and full-process advisory through matching, top meetings, due diligence, and contract execution. Marketing is driven by content (M&A columns, industry-specific whitepapers, video gallery) and topical webinars targeting succession-driven sectors such as hospitals, clinics, and animal hospitals. Distribution is augmented by fundbook cloud's self-serve marketplace and a 2026 matching-donation partnership with UNHCR Association Japan that adds an ESG/social-return dimension to the sell-side value proposition. No standalone revenue, ARR, or transaction volume figures are publicly disclosed.

Name

Fundbook

Legal name

株式会社fundbook

Website

https://company.fundbook.co.jp

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

101–250 employees

Short description

Fundbook is a Japanese M&A intermediary that advises SMB owners on business succession and sale, and acquirers on mid-market buy-side deals, using AI-driven matching, an online marketplace, and industry-specialized advisory teams under parent Change Holdings.

Ownership category

akta.pro rank

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Technology or R&D, Operations

Revenue model

1. M&A Success Fee: Fundbook earns success-based fees (レセプター) upon successful M&A closing. The fee structure is described on their sellside and buyside fee pages, with fees varying based on deal size and structure. Additional costs such as organizational restructuring procedures may apply upon mutual agreement, and some contract structures may include intermediate payments (middle money).

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Fundbook is a Japanese M&A brokerage and intermediary that provides end-to-end advisory services for corporate mergers, acquisitions, and business succession (事業承継). Its offering covers sell-side advisory for business owners seeking to transfer or sell their companies, buy-side advisory for acquirers seeking targets, plus proprietary technology including the KEPL AI matching system (built on a ~100,000-company database) and the fundbook cloud online matching platform.

Product overview

Fundbook operates as an M&A intermediary platform offering a unified service structure combining proprietary technology platforms with advisory services. The core offering consists of M&A brokerage services supported by two main technology products: fundbook cloud (a public M&A case marketplace and matching platform) and KEPL (an AI-powered company matching system). The service architecture includes sell-side advisory for business owners seeking to sell, and buy-side advisory for companies seeking acquisitions, with the technology platforms enabling broader candidate discovery beyond traditional advisor networks.

Differentiator

Problem solved

Functional benefit

Brands

• KEPL: AI matching system developed by Fundbook for M&A candidate matching
• fundbook cloud

Products and services

• Sell-side M&A Advisory Service (譲渡サービス) Advisory service for Japanese SME business owners seeking to transfer or sell their companies, covering company valuation, candidate (buyer) identification, due diligence support, top meetings, and contract negotiation through to closing.
• Buy-side M&A Advisory Service (譲受サービス) Advisory service for Japanese companies, PE funds, and other acquirers seeking to purchase businesses, covering target search, screening and qualification, due diligence support, and end-to-end transaction execution.
• KEPL AI Matching System AI-powered company matching system that leverages a database of approximately 100,000 companies to identify optimal M&A partnership candidates, complementing human advisor expertise and Fundbook's dedicated matching team.
• fundbook cloud M&A Matching Platform Online platform that publishes curated M&A deal opportunities and enables prospective buyers to search and browse available acquisition targets as part of Fundbook's matching model.
• SEARCH BOOK Search tool within the buy-side service that lets prospective acquirers search and browse curated M&A case information and acquisition targets surfaced via Fundbook's matching platform.
• M&A Brokerage Service (M&A仲介サービス) Comprehensive M&A intermediary service that combines sell-side advisory for business owners seeking buyers and buy-side advisory for acquirers seeking targets, with full transaction support from initial consultation through deal closure, augmented by proprietary technology (KEPL and fundbook cloud).

Quantifiable outcome

• 10万社規模のデータベース (100,000-company database) enabling broader matching than traditional networks

Named customers7 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

Partnerships

One partnership is on record.

• United Nations High Commissioner for Refugees (UNHCR) Association Japan (国連UNHCR協会)minorStrategic or Co-development Partner · 26 February 2026Fundbook launched a matching donation partnership with UNHCR Association Japan. Upon M&A closing, a portion of the success fee is donated to refugee support as a form of social return, providing sellers with a new option to contribute their wealth to society beyond the transaction.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• M&A Research Institute: Tech-forward Japanese M&A intermediary leveraging AI and data-driven matching to win share against incumbents. Directly comparable to Fundbook's KEPL/fundbook cloud technology positioning in the Japanese mid-market.
• Traimmu / Japanese succession-focused intermediaries (e.g., 事業承継ラボ, M&Anexo): Emerging Japanese M&A intermediaries focusing on SMB succession with tech-enabled matching — directly comparable audience and product overlap with Fundbook's sell-side service.

Direct peers

• M&A Capital Partners: Listed Japanese M&A intermediary serving mid-market sell-side and buy-side transactions. Directly comparable business model with success-fee pricing, advisor-led delivery, and Japanese SMB customer focus.
• Strike Co., Ltd. Listed Japanese M&A intermediary with a strong advisor network and SME succession mandate. Competes with Fundbook for the same pool of Japanese SMB sellers and growth-stage buyers.
• Solar Consulting Co., Ltd. Listed Japanese M&A intermediary operating a network-based model targeting SMB succession and growth M&A, the same vertical Fundbook serves with its KEPL-powered advisor model.
• Nihon M&A Center: Japan's largest SMB-focused M&A intermediary with thousands of advisors and dominant market share. Several Fundbook senior advisors previously worked there, making it the most direct comparator in business model, customer base, and fee structure.
• M&A Total Consulting (Yamada Consulting Group affiliate): Japanese M&A intermediary operating within a larger consulting group. Offers comparable sell-side advisory, succession planning, and industry-specific M&A services to mid-market Japanese companies.

Others

• Change Holdings Inc. (parent / cross-sell partner): Parent company of Fundbook and operator of adjacent professional-services and IT businesses. Provides cross-sell and capital partnership rather than direct competition.

Broad incumbents

• KPMG FAS / PwC Advisory (Japan): Professional-services incumbents offering M&A advisory from a broader portfolio. Comparable at the upper end of Japan's deal-size spectrum, though they do not specialize in succession-focused SMB intermediation.
• Deloitte Tohmatsu M&A Advisory (Japan): Big-Four advisory practice in Japan serving mid- and large-cap M&A. Competes with Fundbook on larger and cross-border deals within Japan but lacks vertical-specific SMB succession focus.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/pr_fundbook
• Facebookfacebook.com/pr.fundbook
• LinkedInlinkedin.com/company/fundbook

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds2 records

Investors

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 Fundbook