JOOR, Inc. announced that it has received $46.61346 million in funding from Macquarie Principal Finance Pty. Limited, ITOCHU Corporation, Battery Ventures, Canaan Management, Inc.
June 14, 2021
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On June 15, 2021, JOOR, Inc. closed the transaction. The company received $46,613,460 in the transaction led by new investor Macquarie Principal Finance Pty. Limited. The transaction included participation from returning investors ITOCHU Corporation (TSE:8001), Battery Ventures and Canaan Management, Inc. As part of the transaction, Anand Subramanian of Macquarie Principal Finance Pty. Limited will join company's board of directors. The company received funding from 5 investors pursuant to exemption provided under Regulation D.
Itochu Corporation is a diversified group organized around 8 areas of activity:
- distribution of food products (34.9% of net sales): frozen food, vegetable oil, sweeteners, sugars, etc.;
- distribution of hydrocarbons (23.3%): hydrocarbons (natural gas, oil products, bioethanol, etc.). The group also develops manufacturing of chemical products activity;
- manufacturing and sale of industrial and construction machines, vehicles and ships (9.7%);
- production of metals and coal (8.5%);
- sale of consumer products (8.4%). The group also develops forest products sale and real estate development activities;
- distribution of computing and telecommunication equipments (7%): data transmission, Internet access, media content broadcasting and mobile telephony equipments. The group also offers financial services;
- sale of textile products (3.6%);
- other (4.6%).
Net sales are distributed geographically as follows: Japan (79.5%), Singapore (5.4%), the United States (4.5%), Australia (3.1%), China (2.8%) and other (4.7%).
JOOR, Inc. announced that it has received $46.61346 million in funding from Macquarie Principal Finance Pty. Limited, ITOCHU Corporation, Battery Ventures, Canaan Management, Inc.
ITOCHU CORPORATION 
