AAA Inforich charges up with fresh funding

Inforich charges up with fresh funding

Inforich, the Japan-based owner of mobile charging service ChargeSpot, has raised ¥5.9bn ($51.7m) from investors including property development and recruitment group SBS Holdings and consulting firm P&E Directions.

NextBlue, Next Unicorn and MRA Investments filled out the participants in the round, which helped push the company’s overall funding to $94.6m.

Founded in 2015, Inforich runs a network of mobile charging service stations under the ChargeSpot brand which are installed at commercial hubs including train stations, restaurants and corner shops across Japan, Taiwan, Hong Kong and Thailand.

P&E Directions had already backed a $21.1m round for the company in April this year, investing alongside Hirogin Capital Partners and Nanto CVC – respective subsidiaries of financial services providers Hiroshima Bank and Nanto Bank – in addition to Japan International Economic Development Organisation and Venture Labo Investment.

Marketing group Dentsu and computer manufacturer MCJ injected $9.5m into Inforich in March 2020, following a $27.3m round three months before featuring postal service Japan Post (through Japan Post Capital), talent management firm Horipro, Goldman Sachs, GMCM Venture Capital Partners and Chartwell Capital.

Photo courtesy of Inforich Inc.

By Edison Fu

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