A firm from Japan called AnyMind Group has raised US $29.4 million in its series D financing to provide end-to-end brand-building services. Existing investor Mitsubishi UFJ Capital and new investment JIC Venture Growth Investments both participated in the fundraising. The company also secured a credit line from Mizuho Bank for US $7.2 million.
The additional funds will be utilized to support the business’s entry into the commerce enablement sector and to support potential future mergers and acquisitions.
The company provides technologies for marketing, production, shipping, and publishing. Its nine services, which cover crucial business operations through a simplified platform, are designed to “make business global.”
The business, which made its market debut in 2016 with its marketing technology, just released an e-commerce platform named AnyX. Over $174 million in revenue was produced by the firm in 2021.
With 17 offices spread across Southeast Asia, India, East Asia, and West Asia, AnyMind works in 13 markets and employs over 1,000 people. The firm was founded in Singapore by Kosuke Sogo and Otohiko Kozutsumi, and to date, it has raised US $91.7 million.
To list on the Mothers Market of the Tokyo Stock Exchange, AnyMind gained clearance in February. However, a month later, the business chose to cancel the IPO because of bad macroeconomic circumstances.
By 2031, the sales enablement market is anticipated to expand to US $11.55 billion, with a compound annual growth rate of 19.4%.
