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X Mile Inc. raises $22 million in a Series C funding round led by Vertex Growth to expand AI and pursue acquisitions.

PRIVATEAug 04, 20265 days ago

Amount Raised

¥22 Million

Round Type

Series C

TokyoSoftwareArtificial IntelligenceSaas

Investors

Jps Growth InvestmentJapan Post CapitalMinerva Growth PartnersSmbc Venture CapitalUniversity Of Tokyo Edge Capital PartnersSompo Growth PartnersSmbc Nikko SecuritiesAlphaVertex Growth

Description

X Mile Inc., a Japanese workforce and software platform, has secured $22 million in a Series C round to support investments in AI and M&A. The round, which was led by Vertex Growth, attracted various existing and new investors. With this funding, X Mile aims to enhance its AI product offerings and acquire complementary businesses. The company has seen significant growth, serving over 30,000 locations and 1.2 million job seekers.

Company Information

Company

X Mile

Location

Tokyo, Japan

About

X Mile Inc. is a Japanese workforce and software platform catering to the logistics, construction, and manufacturing sectors. Founded in 2019, the company initially started as a staffing platform but has since expanded into software, AI tools, M&A advisory, and vehicle sales. It serves over 30,000 business locations and has more than 1.2 million registered job seekers. X Mile aims to address labor shortages in Japan’s non-desk industries by leveraging AI and strategic acquisitions.

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
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