The e-commerce marketplace has become Japan's first pre-IPO unicorn, raising money in a round that included Mitsui and Sumitomo Mitsui Trust Bank.
Mercari, the Japan-based operator of a peer-to-peer marketplace, has raised $75m in a series D round that included conglomerate Mitsui, TechCrunch reported today.
Mitsui was joined by financial services firm Sumitomo Mitsui Trust Bank, the state-owned Development Bank of Japan, Globis Capital Partners, World Innovation Lab and Global Brain.
The round, closed at a valuation of more than $1bn, makes the company Japan’s first pre-IPO unicorn.
Founded in 2013, Mercari runs an e-commerce marketplace app it claims has been downloaded…
