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Investment, Venture Capital

World Innovation Lab Leads $26M Series B Round In Japanese E-Commerce Start-Up Inagora

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World Innovation Lab, a U.S.-Japan venture firm, has led a US$26 million series B funding round in Inagora Inc., an e-commerce mobile platform focused on providing high quality Japanese products to global consumers, in particular those in China.

Japan's ITOCHU Corporation, Ventech China and other investors also participated in the round.

The investment follows a US$20 million series A and A+ round earlier this year in February and May from Ventech China, Zhen Fund and IDG Capital Partners.

At the same time, Inagora, which operates via Wandougongzhu.cn in China, has reached a partnership with Alibaba Group Holding's Taobao Global e-commerce platform.

Inagora says it will use the proceeds on technology upgrade, research and development, improve operations and expand its supply chains.

Founded in 2014 by a Japanese entrepreneur who started Kingsoft Corporation's Japanese operations, Inagora connects Japanese suppliers with end consumers directly.

There is no information on the company's current operations and its previous funding rounds.





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