DG Daiwa Ventures has led a $6.4m round for the construction equipment rental platform, featuring returning investor GMO VenturePartners and new backers including Saison Ventures.

Japan-based heavy equipment rental service Sorabito raised ¥700m ($6.4m) on Wednesday in a round led by DG Daiwa Ventures, a joint venture between internet company Digital Garage and brokerage Daiwa.

Infrastructure painting and maintenance provider Kashiwabara and used cars and automotive parts vendor Tau took part in the round, as did GMO VenturePartners and Saison Ventures, on behalf of internet company GMO and payment services firm Saison respectively.

The round included Kiyo Lease & Capital, a subsidiary of financial services…

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Edison Fu

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