PathosLogos, a Tokyo company that sells HR software to large Japanese enterprises, announced on 28 April 2026 that it had completed a Series B round of about ¥3.1bn (about $20m).
The round has two parts. About ¥1.6bn came from a third-party share allotment completed at the end of March 2026, with funds managed by SBI Investment and Rheos Capital Partners as the investors. The other roughly ¥1.5bn is from J-KISS convertible notes held by existing shareholders, which converted in May 2025 and are counted toward the Series B.
Cumulative funding including this round is about ¥6.8bn (about $44m), the company said. No valuation was disclosed. The Bridge reported the round on 30 April.
“This investment is not a gamble on a short-term growth story.”Hidetoshi Fujino, President and CEO, Rheos Capital Partners
What PathosLogos does
Large companies often run several specialised HR software tools for areas such as payroll, evaluation and recruitment. PathosLogos, founded in October 2020, sells what it calls an HR co-creation platform: an integrated HR database that standardises the data from those separate tools, connects them and manages them in one place.
The company also sells Combosite HR & Payroll, a software service for HR and payroll operations at large enterprises. According to The Bridge, one customer, Kyoritsu Holdings, moved from outsourced to in-house HR and payroll processing and cut its monthly processing workload by 50%, a case study published on the company's website.
The company said more than 100 groups and 300 companies have adopted its products. Masayuki Makino is representative director and chief executive. The Bridge described him as a leader in promoting enterprise ERP adoption in Japan.
What the money is for
The company plans to expand the AI side of its business, including more AI agents for HR work. In February 2026 it released PathosLogos Chatbot in beta, a product that generates personalised answers for each employee. The Bridge said the company is aiming for a full release in the autumn.
The funds will also go into further development of Combosite HR & Payroll and into the operations that large-enterprise systems require. The Bridge added that the money will strengthen the development team, customer support and work with co-creation partners.
The investors
The third-party allotment was taken up by a fund managed by SBI Investment and a fund managed by Rheos Capital Partners, which invested through its Hifumi Crossover Pro fund, according to The Bridge.
Hidetoshi Fujino, president and chief executive of Rheos Capital Partners, said in the announcement: "This investment is not a gamble on a short-term growth story." Kyota Suzuki of SBI Investment's investment department said in the same announcement that he expected the company to leap forward as an entity that rewrites Japan's HR infrastructure.
Makino said the importance of standardising and centralising HR data is growing ever higher, which is the premise of the PathosLogos platform. The company did not disclose its headcount or revenue.