Singapore – Japan-based end-to-end commerce enablement company AnyMind has raised ¥4b in funding, around US$91.7m, to strengthen the company’s advancement in the e-commerce enablement space and fund future acquisitions.
The Series D funds were raised from new investors including JIC Venture Growth Investments, Japan Post Investment Corporation, Nomura SPARX Investment, and PROTO Ventures Inc., along with existing investor Mitsubishi UFJ Capital.
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 acqui-hire a company’s leadership, expand into new businesses or regions, acquire additional sales channels, or all three.
Kosuke Sogo, CEO and co-founder of AnyMind Group, said, “Despite COVID-19 and geopolitical situations impacting the world, we have still been able to achieve solid growth as a business. On the other hand, we are seeing economies across Asia, including our operating markets of ASEAN and India, rapidly regaining growth momentum.”
He added, “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.”
In March this year, the company launched AnyChat, a conversational commerce platform, and in April, the company launched e-commerce management platform AnyX, which optimises e-commerce operations through central management of multiple e-commerce channels. Funds from this round will be used to further enhance existing platforms and strengthen market share across the company’s operating regions.
On the company’s various business and product movements, Sogo said, “We will continue to make it exciting for everyone to do business by enhancing and expanding our innovations that form the infrastructure for the next generation of commerce. Over the years we have developed platforms across the end-to-end spectrum of commerce that can be used individually, and can now also be used as part of an integrated suite of tools to deliver more effective and efficient commerce for businesses.”
He added, “We are just at the start of our journey, as we power some of the most exciting enterprises and forward-thinking publishers and influencers in this part of the world.”
