OPENLOGI Inc. announced that it expects to receive funding from Signifiant Inc., Shinsei Corporate Investment Limited, Sumitomo Corporation, Seino Holdings Co., Ltd., Sojitz Corporation, Chiba Dojo Co., Ltd.
October 22, 2020
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OPENLOGI Inc. announced that it will receive its series C round of funding on October 23, 2020.
On the same date, the company received its first tranche. The company received over ¥1.7 billion and non-convertible debt in the tranche. The tranche included participation from existing investor, Signifiant and Shinsei Corporate Investment Limited, Sumitomo Corporation (TSE:8053), Seino Holdings Co., Ltd. (TSE:9076), Sojitz Corporation (TSE:2768) and Chiba Dojo Co., Ltd. The company intends to complete the transaction by the end of 2020. The company has raised over ¥2.7 billion in funding till date.
Sojitz Corporation is a diversified group organized around 10 business segments:
- distribution of chemicals products (25.4% of sales): organic, basic and specialty chemicals, plastic products, resins, etc;
- mining operations (22.2%): coal mining, alumina refining, sale of steel products and ferrous and non-ferrous metals, etc;
- distribution of large consumer products (17.6%): clothing and accessories, textile products, home and decorative articles, etc;
- automobile assembly and sales (11.6%);
- production and sale of food products and ingredients (7.8%);
- sale of industrial machinery and equipment and development of health facilities (6.9%);
- development and operation of energy and telecommunications infrastructure (3.6%);
- industrial infrastructure operation, property management and urban development (2%);
- aircraft and ship sales (1.7%). The group also develops activities in the operation of airport and rail infrastructure;
- other (1.2%): provision of financial services, logistics services, consulting, etc.
OPENLOGI Inc. announced that it expects to receive funding from Signifiant Inc., Shinsei Corporate Investment Limited, Sumitomo Corporation, Seino Holdings Co., Ltd., Sojitz Corporation, Chiba Dojo Co., Ltd.
SOJITZ CORPORATION 
