SHARE:
Tokyo-based Hacobu, a business-to-business logistics optimization startup, has announced that it has secured 940 million yen (about $8.7 million US) in its latest round of funding. Participating investors are JIC Venture Growth Investments (JIC VGI), NN Corporate Capital (Investment arm of Nomura Real Estate Holdings), Toyota Tsusho (TSE:8015), Logistics Innovation Fund (Spiral (TSE:8015), Logistics Innovation Fund (a sector-focused fund managed by Spiral Capital and ledby Seino Holdings as an anchor limited partner), SMBC Venture Capital, Daiwa House Group’s Daiwa Logitech, and Mitsui Fudosan (TSE:8801). For the startup, this round follows 160 million yen funding in November of 2016, 140 million yen funding in November of 2017, and 400 million yen funding in April of 2019. Among the investors participating in the latest round round, Daiwa Logitech and Mitsui Fudosan followed their previous investments made in September of 2017 and September of 2019 respectively. The latest rounding brought the company’s funding sum to date up to at least 1.64 billion yen ($15.2 million). Hacobu was founded in May 2016 by CEO Taro Sasaki who had been previously working as a consultant on a project for Morinaga Milk where he faced with the challenge of how to improve the logistics efficiency of…