Japan’s SixtyPercent Secures Investment from Kuroneko Innovation Fund

The e-commerce platform promoting Asian trend manufacturers to Japanese shoppers has raised 460 million yen ($3.1 million) in a sequence A funding spherical led by the Tokyo-based company enterprise arm of Yamato Holdings. Verbal, a musician and co-founder of Japanese trend model Ambush, participated within the spherical as a minority investor and can tackle an advisory function within the agency.

Based by Manabe Taiga and Nanae Matsuoka in 2019, Sixty P.c Co. Ltd sells round 1500 manufacturers from 10 Asian nations on its cross-border platform Sixty-Percent.com, together with South Korea’s Acme de la Vie, Indonesia’s Compass and Thailand’s Carnival Bkk. Many labels are centered on the Gen Z youth demographic and streetwear type.

In two earlier rounds, the corporate raised 150 million yen ($1 million), via seed and pre-series A funding. The most recent funding, consisting of fairness funding and debt financing, will likely be used to develop the enterprise domestically and internationally. SixtyPercent plans to launch an English-language model of the positioning in March to supply merchandise via a world market mannequin, mentioned Matsuoka in an announcement.

Till now, Kuroneko Innovation Fund has primarily focused start-ups within the tech, logistics and provide chain administration sectors.

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