Zeals, a Japan-based chat-based commerce company, has raised Y1.8bn ($16.3m) from advertising agency Dentsu Group and Hakuhodo DY Group’s corporate venturing unit, Future Design Fund.

Set up by Z Venture Capital, Zeals said it had begun preparations for listing on the stock exchange.

It said the money would be used for investment in recruitment and marketing.

James Mawson

James Mawson is founder and chief executive of Global Venturing.