Forest Bags $8M Seed Round To Acquire Japanese E-Commerce Brands
11/24/21, 11:05 PM
Money raised
$8 million
Round Type
seed
Japan has been the birthplace of traditional arts and crafts since ancient times. Craftmanship, meticulous attention to detail, and balance of design and functionality have contributed to creating unique Japanese products like pottery, traditional fabrics, washi (paper), woodwork, glasses, bento-boxes, and more.
Company Info
Additional Info
The startup will use the new capital to acquire more than 300 Japanese e-commerce brands that have been carefully crafted and curated by entrepreneurs. Forest said it is the first pure aggregator dedicated to the Japanese market. I strongly believe that Forest can solve these problems and capitalize on the potential of these businesses through the power of technology,” said partner of UTEC Hiroyuki Sakamoto. Forest is currently in the process of finalizing its first acquisition.