Excite Japan fits Locondo nicely in $6.2m series B round

Jun 21, 2013 • Katherine Steiner-Dicks

Japan fashion e-tailer, Locondo, has raised $6.2m in a series B round from corporate investor Excite Japan.

Excite Japan, an online information site and a subsidiary of Japan trading conglomerate Itochu, has led a series B round worth $6.2m for Japan fashion e-retailer, Locondo. Existing backers Lead Capital Management (LCM) and Itochu Technology Ventures, Itochu’s corporate venturing unit, also participated, according to a report by news site, TechinAsia.

The target company was founded by German incubator Rocket Internet and has raised over $13m to date. Not all funding has been made public.

Launched in February 2011,…

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