Japan-based mobile-e-commerce company Inagora has attracted $26m in series B capital from a consortium including conglomerate Itochu, China Money Network wrote today.
VC firm World Innovation Lab led the round, while Ventech China and other unnamed backers also took part.
Founded in 2014, Inagora operates an e-commerce platform to sell Japan-made products to consumers across the world. The company is particularly focusing on Chinese consumers and has also entered a partnership with e-commerce company Alibaba’s Taobao marketplace.
The cash will go towards upgrading Inagora’s technology, research and development, improved operations and an expansion of the company’s supply chains.
IDG Capital Partners, an investment affiliate of technology research company International Data Group, Ventech China and Zhen Fund previously provided $20m in series A and A+ rounds in February and May 2016.