Sumitomo, Sojitz CVC, Seino Holdings’ Logistics Innovation Fund and Shinsei Corporate Investment all chipped into a $16.7m round expected to close at the end of this year.
Japan-based logistics platform operator OpenLogi has raised ¥1.75bn ($16.7m) as part of an ongoing series C round featuring subsidiaries of corporates Sumitomo, Sojitz, Seino Holdings and Shinsei Bank.
Sumitomo participated directly while fellow conglomerate Sojitz invested through its Sojitz CVC unit, which is co-run by Pegasus Tech Ventures. Logistics Innovation Fund Investment Limited Partnership and Shinsei Corporate Investment represented logistics firm Seino Holdings and financial services firm Shinsei Bank respectively.
Chiba Dojo Fund II and existing investor Signifiant also…
