Japan’s Sorabito gets $4.7M to enhance global marketplace of used heavy machinery

Image credit: Allstocker.com

See the original story in Japanese.

Tokyo-based Sorabito, the company behind the global marketplace for used construction machinery from Japan, has fundraised about 500 million yen (about $4.7 million) from several investors. This follows their previous 100 million yen (about $940,000) funding from GMO Venture Partners, Fumiaki Koizumi and Hidetoshi Takano back in September last year. In addition to these existing investors, Gree Ventures, JA Mitsui Leasing, Opt Ventures and SMBC Venture Capital joined this round.

The Allstocker marketplace allows businesses to buy and sell used heavy construction and farm machinery of Japanese origin online. On top of the marketplace function, it offers a unique payment solution in partnership with SMBC, not to mention a global logistics system which enables delivery of the purchased heavy machinery from sellers to buyers around the world.

Translated by Masaru Ikeda
Edited by “Tex” Pomeroy