Robot Consulting, which provides a cloud-based human resource management system, filed on Wednesday with the SEC to raise up to $13 million in an initial public offering.
The Tokyo, Japan-based company plans to raise $13 million by offering 2.5 million ADSs at a price range of $4 to $6. At the midpoint of the proposed range, Robot Consulting would command a market value of $224 million.
The company's current major product is "Labor Robot," a cloud-based human resource management system launched in September 2022. Labor Robot helps users track employee attendance and sales orders and journalize accounting items. Customers can purchase Labor Robot from the company as well as from Japanese conglomerate Nac Co. As of March 31, 2024, there were 483 Labor Robot users.
Robot Consulting was founded in 2020 and booked $6 million in revenue for the 12 months ended September 30, 2024. It plans to list on the Nasdaq under the symbol LAWR. The company filed confidentially on April 5, 2024. D. Boral Capital and Craft Capital Management are the joint bookrunners on the deal.
