Fundraising Fox

NEL株式会社

7 known investors

NEL provides end-to-end marketing support for brands and manufacturers, covering both online and offline promotion from awareness to purchase. It designs KPI-driven strategies, uses a network of over 100,000 creators, and offers proprietary campaign programs to increase brands' in-store sales.

Also known as NEL · NEL INC.

Founders & leadership

西陸
西田 陸代表者 (CEO/Representative)

Investors · 7

Also in the syndicate · 5

SMBCベンチャーキャピタルオリックス・キャピタル三井住友海上キャピタル三菱UFJキャピタル株式会社ベクトル

Company profile

researched Aug 2026

NEL株式会社 (NEL INC.) is a Tokyo-based retail-tech company operating two main lines of business: a "companion-style" marketing solution business and "osina", a platform connecting brands with consumers through the concept of "oshi" (favouring/championing a product). The marketing solution offering is positioned as end-to-end promotion support intended to move in-store sales rather than stop at social-media buzz, running full-funnel measures from awareness through store visits and cross-selling beyond hero items. Registered business activities are described as agency business and software business, and in 2024 materials as osina operation, SNS-specialised full-service advertising agency work, casting, and software.

osina lets users buy or feature products listed on the platform, post videos about them on social media, and earn rewards based on video view counts, giving brands large volumes of fan-generated content (FGC) from ordinary users rather than only professional influencers. Around this core, NEL has built adjacent products including "osina SNSジャック", a short-video UGC package for product recall around new launches and campaigns; "カスタマーAI", which uses AI to capture customer needs for improvement; "デジオリ", a digital version of insert advertising aimed at driving store visits via social media; and "Trade Lift Ads", a retail-media service launched with True Data and Thales that identifies and operates SNS creative linked to in-store sales.

The company frames its purpose as "産業革命の中心を、ここに" (placing the centre of an industrial revolution here) with the mission of continuously creating "oshi" opportunities through technology and a vision of a world where enthusiasm circulates, addressing what it describes as a roughly 150 trillion yen domestic retail market in which about 90% of retail purchases still occur in physical stores.

Founding story

NEL was founded in December 2017 by Riku Nishida and initially operated a content platform business, which was shut down within under ten months. The company then created and withdrew from several businesses, including a men's cosmetics D2C operation, during a period the founder describes as a "living dead" phase in which he worked alone from the coworking spaces of investors ANRI and W fund. A connection with creators active on TikTok led to a short-video advertising support business, out of which osina emerged as a client initiative before becoming a standalone platform.

Business model

NEL sells promotion and retail-media services to consumer brands, manufacturers and retailers, combining agency-style marketing solution engagements with the osina platform, on which participating brands' products are promoted by consumers who receive rewards tied to video view counts. The company also builds software products (customer AI, digital insert advertising, retail media ad packages) sold to the same brand and retail customer base.

Revenue comes from agency/marketing solution engagements and software and platform services for brands and retailers; the company reported full-year revenue growth of 205% year on year (Dec 2022–Nov 2023 vs Dec 2023–Nov 2024) and, in a Nov 2024 note post by the CEO, revenue on a scale exceeding 1 billion yen.

Traction

osina reportedly grew view counts more than 1,000% year on year in its first 14 months and reached 2 billion views within about a year of launch; overall company revenue grew 205% year on year in the period ending November 2024, with a stated three-year average growth of 400%. By mid-2026 the company reported osina surpassing 200,000 registered users and cumulative rewards paid to consumers exceeding 500 million yen. Brand case studies cite 6 million views and 131 posts for Shiseido's foundation serum, 5 million views and over 300 UGC pieces for Nescafé Espresso Base with a top e-commerce ranking, and over 2.3 million views for Nissin Ra-oh bagged noodles with in-store sales uplift at Don Quijote. Headcount was 9 including officers (7 employees) as of November 2024.

Latest developments

In August 2026 NEL announced a three-way collaboration with True Data and Thales in retail media, launching "Trade Lift Ads", a service to discover and operate SNS creative that drives in-store sales, with True Data purchase data integrated. In July 2026 it announced a business alliance with BIJIN&Co. covering casting selection and topic creation. In June 2026 osina passed 200,000 registered users and 500 million yen in cumulative rewards returned to consumers, and NEL formally launched "osina SNSジャック" for short-video UGC-driven product recall.

Full profile — market position, technology, go-to-market, geography, history

Market position

NEL describes itself as a retail-tech company targeting Japan's roughly 150 trillion yen domestic retail market, and claims top-class growth relative to peers for osina in its first year. Investor-database classification places it in IT services with tags spanning MarTech, influencer marketing, OMO, POS and AI.

The company emphasises fan-generated content from ordinary product users rather than professional influencer casting, reward mechanics tied to view counts, and linkage of social-media activity to measurable in-store/POS and e-commerce sales outcomes rather than reach alone.

Technology

The osina platform tracks social-video posts and view counts to calculate cash-back rewards for posters, and NEL positions itself as an OMO company merging online and offline data, supporting experiences from owned e-commerce and membership apps through in-store behaviour capture and digital signage. Additional technology includes an AI service for extracting customer needs (カスタマーAI), digital insert advertising (デジオリ), and integration of purchase data (True Data advertising purchase data) into the Trade Lift Ads retail-media service.

Go-to-market

Sales are made directly to manufacturers and retailers, supplemented by business alliances and joint offerings with retail and data partners (for example Kirindo through "osina Retail with キリン堂", BIJIN&Co., and True Data and Thales for Trade Lift Ads). Case-study press releases with major consumer brands (Shiseido, Nestlé's Nescafé Espresso Base, Nissin, Mizkan) and in-store tie-ups such as Don Quijote are used for marketing, alongside webinars, recruiting events and a corporate note blog.

Consumer-goods manufacturers and retailers, particularly in cosmetics, household/daily goods and food and beverage categories, plus drugstore and mass-retail chains; on the consumer side, general shoppers and short-video creators who post about products.

Geography

Headquartered in Japan at Shibuya Center Place 9F, 1-16-3 Dogenzaka, Shibuya-ku, Tokyo 150-0043 (previously Ebisu, Shibuya-ku), with a stated ambition to expand from Japan to global markets.

History

Established 14 December 2017 in Tokyo. After several business pivots, the company moved into short-video advertising and launched osina, which scaled rapidly from roughly 2023. A Series A round was announced in March 2023 (amount undisclosed), and in November 2024 the company closed a 650 million yen Series B third-party allotment bringing cumulative funding to about 750 million yen, alongside a refreshed purpose/mission/values set and the appointment of Naoto Terao (previously at CyberAgent) as COO in April 2024. In July 2025 NEL relocated its office to Shibuya, having previously been headquartered in Ebisu. Subsequent activity includes alliances with Kirindo (2024), BIJIN&Co. (2026) and the launch of Trade Lift Ads with True Data and Thales in August 2026.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Corporate number (法人番号)Jan 20263013301041551
Cumulative funding raisedNov 2024$750M
Employees (excluding officers)Nov 20247 people
Headcount (including officers)Nov 20249 people
Osina cumulative rewards paid to consumersJun 2026500,000,000 JPY
Osina cumulative video views in first yearNov 20242,000,000,000 views
Osina registered usersJun 2026200,000 users
Osina year-on-year view-count growth (14 months after launch)Nov 20241,000%
Post-money valuation (including potential shares, per investor database)Nov 2024$2.6B
Registered capitalJan 2026$58.1M
RevenueNov 2024over 1 billion yen
Series B round sizeNov 2024650,000,000 JPY
Three-year average annual growthNov 2024400%
Year-on-year revenue growthNov 2024$205

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 8

launches, deals, and filings
Aug 2026
Three-way retail-media collaboration with True Data and Thales; launch of "Trade Lift Ads"

New service to discover and operate SNS creative that lifts in-store sales, with True Data advertising purchase data integrated.

source ↗

Jul 2026
Business alliance with BIJIN&Co.

Alliance to select suitable casts based on interest communities and design campaigns through to topic creation.

source ↗

Jun 2026
Official launch of "osina SNSジャック"

Short-video UGC service to create product recall at new product launches and campaigns by generating posts on a shared theme.

source ↗

Jul 2025
Office relocation to Shibuya to expand organisation and business

source ↗

Nov 2024
NEL closes 650 million yen Series B, bringing cumulative funding to about 750 million yen

Third-party allotment with seven domestic investors including Mitsui Sumitomo Insurance Capital, Mitsubishi UFJ Capital, SMBC Venture Capital, ORIX Capital and Vector; proceeds directed at expanding sales and engineering organisations.

source ↗

Nov 2024
Purpose, mission and values renewed

Company refreshed its purpose ("産業革命の中心を、ここに"), mission and four values.

source ↗

Jul 2024
Business alliance with Kirindo and launch of "osina Retail with キリン堂" ad package

source ↗

Apr 2024
New management structure; Naoto Terao appointed COO

Naoto Terao, formerly of CyberAgent and previously involved with NEL as a side job, became executive officer and COO.

source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

Research sources · 8

primary sources listed

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does NEL株式会社 do?
Japanese retail-tech company running the "osina" fan-content purchase platform and full-funnel marketing support for brands.
Who are NEL株式会社's investors?
NEL株式会社's investors include Colopl Next, W Inc..