Largest Online Asian Marketplace, Yami, Announces $50M Series B To Accelerate Expansion

Mar 30, 2022•over 3 years ago

Amount Raised

$50 Million

Round Type

series b

Description

Yami, a leading direct-to-consumer marketplace for Asian food essentials, products, and household goods in North America – today, announced a $50 million Series B co-led by Altos Ventures and Balsam Bay Partners with participation from J.P. Morgan and Series A lead investor GGV Capital. Yami is utilizing this funding to speed up delivery times, broaden product offerings, enhance vendor support on the platform, and invest in technology to strengthen the supply chain to meet growing demand.

Company Information

Company

Marketplace

About

The platform enables their users to transact at shorter distances between job sites, leading to quicker processing times and reducing carbon output. Soil Connect funding will enhance the product and service offering and fuel the expansion of its user base, helping the company further deliver on its value proposition to provide cost-effective and sustainable solutions for construction professionals to transport and acquire soil and aggregates. The platform has helped over 250 founders seamlessly raise capital for innovative startups through their communities and networks online. The Company has filed a Form C with the Securities and Exchange Commission in connection with its offering, a copy of which may be obtained at: www.seedinvest.com/soil.connect Founded by a lifelong builder and developer, Cliff Fetner, and Alpaca VC General Partner, Daniel Fetner, Soil Connect is a SaaS-enabled marketplace for construction professionals that combines technology and social networking capabilities to serve as an end-to-end, full-stack solution for all things dirt and aggregate-related. Soil Connect is the first and only institutionally backed digital marketplace focused on the multi-billion-dollar soil and aggregates industry.

Funding Insights

Based on industry data

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech