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UntroD Crossover Impact Fund 2 Buys Shares in Estie IPO

The fund plans to hold estie shares as a long-term investor after its Tokyo listing.

11/6/2026
•Ali Abounasr El Alaoui
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UntroD Crossover Impact Fund 2 acquired shares in estie at its Tokyo Stock Exchange Growth Market listing on November 6, 2026. The fund took part as a designated shareholder in the initial public offering. estie supplies commercial real estate data and industry-specific AI tools.


Fund role

UntroD Capital Japan operates the fund. The fund plans to stay invested in estie as a long-term shareholder. It will support the company as it moves into its next growth stage as a listed firm.

Company background

estie was founded in December 2018. It is headquartered in Tokyo and led by CEO Hirai Ei. Its platform is used by major developers, trust banks, and J-REITs.

IPO proceeds and platform

estie issued new shares in the listing. The company plans to use the proceeds for debt repayment and acquisition funding. Its database structures office, logistics, and rental housing information from multiple sources.


UntroD Capital Japan has reached ¥50 billion in cumulative assets under management. The fund was launched in collaboration with Mitsubishi UFJ Asset Management. The partnership combines startup investing experience with listed equity expertise.