Yamato joined Global Logistic Properties and Globis to back the white and brown goods leasing and rent-to-buy marketplace, as the sector gains momentum in Japan and the wider Asia region.

Rentio closed a ¥500m ($4.4m) extension today featuring shipping group Yamato to boost its series E round to $17.6m, the latest in a string of Japan-based consumer goods rental services to raise money.

Yamato took part in the round through the Kuroneko Innovation Fund co-run by venture capital firm Global Brain, and it included SMBC Venture Capital and Mizuho Capital, respective subsidiaries of financial services firms Sumitomo Mitsui Banking Corporation and Mizuho Bank.

Monoful and Globis Capital Partners…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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