OPENLOGI Raises JPY 3.55bn (USD 24mn) in Series D Finance ~Accelerating to build a logistics platform leveraging technology and data~

OPENLOGI has raised a total of approximately JPY 3.55 billion (appx. USD 24 million) in Series D funding through equity provided by 31 Ventures (Corporate Venture Capital managed by Mitsui Fudosan and Global Brain), Eight Roads Ventures Japan, Logistics Innovation Fund, SMBC Venture Capital, Cygames Capital, Tokio Marine Holdings, HAKUHODO DY FUTURE DESIGN FUND, Persol Venture Partners, Shizuoka Capital, Aozora Corporate Investment, and venture debt financing from the Japan Finance Corporation and Aozora Corporate Investment and senior debt financing from Mizuho Bank, Ltd.
With this round of financing, OPENLOGI’s cumulative total amount raised is approximately JPY 6.3 billion (appx. USD 43 million).

■OPENLOGI’s goals

Following the previous fundraising in October 2020, OPENLOGI will acquire a wide range of stakeholders and business alliance partners through this series D round. OPENLOGI will accelerate strategic alliances with Japan’s blue chip companies in logistics real estate, delivery, insurance, human resources, advertising, and financial institutions/regional banks to build a comprehensive logistics tech platform under a concept of “whole product” that covers logistics and its peripheral areas, and increase the value provided to customers through the establishment of an ecosystem.

Japan’s logistics industry is undergoing a series of major changes after the COVID pandemic. The industry is facing a number of challenges: changes in purchasing process both through online and offline where human activities become back to normal ; price hikes in shipping fees triggered by soaring raw material costs and depreciation of Japanese Yen; logistics wave effects due to diversification of product needs and sales marketing activities; human resource shortages in the industry triggered by the 2024 problem and the aging population with fewer workforce ; and delays in the automation and digital transformation in the industry as a whole. The logistics industry, which supports people’s daily lives and commerce activities, is facing a growing momentum of major changes in its infrastructure.

OPENLOGI has been tackling to build a very unique tech logistics platform that aggregates a large number of warehouses by introducing and networking the system to warehouses nationwide. With this Series D financing, OPENLOGI will accelerate its investment in hiring talents, developing software products, and expanding its warehouse network. By doing so, OPENLOGI will further accelerate our business development toward the realization of the “Physical Internet*4” that OPENOGI has been promoting since its establishment, and aims to tackle and solve major issues in the logistics industry, including the 2024 problem.

■Purpose of fundraising and investment plans

By leveraging the fund raised, OPENLOGI plans to further expand its business by investing in hiring top talents, mainly in the areas of engineers and business, and to strengthen its organizational foundation by recruiting a wide range of talents from within and outside the logistics industry. In addition, OPENLOGI will pursue new business opportunities by effectively utilizing the strong assets of the business alliance partners. While contributing to the resolution of the current social issue of the 2024 problem, in the mid- to long-term, we will develop our business to promote the “Physical Internet,” which links logistics assets and data beyond the boundaries of logistics companies.

■Equity Investors
（New investors）
– 31 Ventures (Corporate Venture Capital managed by Mitsui Fudosan and Global Brain)
– Cygames Capital
– Tokio Marine Holdings, Inc.
– HAKUHODO DY FUTURE DESIGN FUND (Corporate Venture Capital managed by Hakuhodo DY Ventures)
– Shizuoka Capital (Venture Capital of Shizuoka Bank Group)
– Aozora Corporate Investment

（Current investors’ follow-ons）
– Eight Roads Ventures Japan
– Logistics Innovation Fund (Corporate Venture Capital managed by Spiral Innovation Partners with Seino Holdings as the anchor investor)
– SMBC Venture Capital (Venture Capital of Sumitomo Mitsui Banking Corporation Group)

■Debt Investors
– Japan Finance Corporation
– Aozora Corporate Investment
– Mizuho Bank, Ltd.

OPENLOGI Company Profile

OPENLOGI provides a logistics tech fulfillment platform, “OPENLOGI”, with the vision of “using technology to network siloed logistics and revolutionize the flow of goods leveraging logistics data”. The company provides logistics tech fulfillment services without fixed costs and pay-as-you-go basis pricing. The number of installed accounts is approximately 13,000 (as of Jan 2024).
OPENLOGI has integrated with e-commerce platforms through API including Shopify, a global e-commerce platform, NextEngine, STORES, and BASE, etc. to enable automated fulfillment and shipping. Also, OPENLOGI has integrated with Global-e since Feb 2023, enabling merchants to optimize customs, settlement, and delivery, which are essential elements for cross-border e-commerce businesses.

Name 　　　      ：OPENLOGI Inc.
Establishment　：December 25, 2013
Address 　  　　：1-34-5 Higashi Ikebukuro, Toshima-ku, Tokyo
Representative    : Hidetsugu Ito, Representative Director, President and CEO
Business　　　 ：Provides logistics tech fulfillment platform
URL　　　　　：https://corp.openlogi.com/

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Tel　: 03-6369-9331
Mail : pr@openlogi.com