Tokyo-Headquartered AnyMind Group raises $29.4 Million in Series D Funding to Drive Next-Generation Commerce

- 19 July 2022 12:57 WIB
 (Photo courtesy of AnyMind Group)
(Photo courtesy of AnyMind Group)

JAKARTADAILY.ID – AnyMind Group, a Tokyo-headquartered end-to-end commerce enablement company, today announced that it has raised ¥4 billion (about $29.4 million) in its Series D funding round.

The company said in a statement sent to JakartaDaily.id on Tuesday, July 19, 2022, that AnyMind Group's total funding to date has stood at about $91.7 million.

The Series D funds were raised from new investors including JIC Venture Growth Investments (JIC Venture Growth Fund I Investment Limited Partnership), Japan Post Investment Corporation (Japan Post Investment I, ILP), Nomura SPARX Investment (Japan Growth Capital Investment Corporation), and PROTO Ventures Inc. (PROTO Ventures 2 Investment Limited Partnership), along with existing investor Mitsubishi UFJ Capital (Mitsubishi UFJ Capital VII, Limited Partnership).

The funds will be used to strengthen the company’s advancement in the commerce enablement space and fund future acquisitions.

"Despite COVID-19 and geopolitical situations impacting the world, we have still been able to achieve solid growth as a business," Kosuke Sogo, CEO, and co-founder of AnyMind Group said in the statement, commenting on the company’s Series D funding round.

"On the other hand, we are seeing economies across Asia, including our operating markets of ASEAN and India, rapidly regaining growth momentum. We will continue to grow our business at a pace that matches our ambitions, look towards expanding our capabilities through M&A, and strengthen our investment and profit structure for growth, as we continue to become the next-generation infrastructure for commerce in Asia.”

Funds from this round will be used to further enhance existing platforms and strengthen market share across the company’s operating regions.

In addition, the funds raised will be used for future acquisitions both in Japan and internationally. To date, AnyMind Group has acquired seven companies from various parts of the region including Japan, Hong Kong, Thailand, and India.

The reasons to make these acquisitions were either to acquire a company’s leadership, expand into new businesses or regions, acquire additional sales channels, or all three.

In addition to the Series D funding, the Tokyo-headquartered startup has also secured a ¥1 billion credit facility from Mizuho Bank for future use.

To date, AnyMind Group has raised funding of $91.7 million, from investors including (but not limited to) JAFCO Asia, VGI, Japan Post Capital, and JIC VGI. AnyMind Group has over 1,000 staff across 17 offices in 13 markets, including Singapore, Thailand, Indonesia, Vietnam, Cambodia, Malaysia, the Philippines, Hong Kong, Taiwan, Mainland China, Japan, India, and the United Arab Emirates.

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Editor: Suksmajati Kumara

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