Souco Co., LTD., a logistics startup, raises a ¥400 million Series A financing round.

Souco Co., LTD., a logistics startup that operates an on-demand B2B warehouse sharing service, ‘souco’ (Headquarters: Chiyoda-ku, Tokyo, CEO Kunehito Nakahara), completed the execution of a third-party allotment with five investors led by Monoful, Inc., a subsidiary of GLP Japan Inc specializing in logistics real estate and related technologies led by President Yosuke Fujioka. Souco successfully raised ¥400 million in Series A fundraising.

At the end of June 2019, the total number of warehouse business operators and cargo owners with accounts registered on the souco platform totaled more than 400 companies. With the conclusion of the successful fundraising round, souco will seek to develop its platform and achieve further customer successes through facilitating warehouse matching and increase warehouse supply.
List of investing companies: *Order of the Japanese syllabary
Asahi Media Lab Ventures, Inc. SBI Investment Co., LTD. FFG Venture Business Partners, Ltd. Mitsubishi UFJ Capital Co.,Ltd. Monoful, Inc.

About souco CO., LTD Souco CO., LTD is a startup company that operates a B2B on-demand warehouse matching service that facilitates transactions between companies with vacant space in logistics facilities and warehouses and companies which require warehousing space.

For 3PL enterprises that utilize logistics facilities and for logistics entrepreneurs, one major issue is the securing of sublessors for excess space during the off-season and securing storage space for short-term leases during busy periods. However, advanced logistics facilities with high efficiency operations are often leased and subleased in units of one thousand tsubo (3300 ㎡) annually. As such, a common issue for companies, including those in the manufacturing and 3PL sectors, is their inability to exchange real-time information relating to subleases for the excess space and short-term leases.

Souco CO.,LTD aims to resolve the issues that arise from this information gap between companies with excess space and those who require it by providing an online platform where anyone can register and search for vacant space in logistics facilities, making use of small lots less than one thousand tsubo (3300 ㎡) for periods as brief as one month.

■Corporate profile
Company name　　souco CO., LTD
Address　　1-4-4-2F Kojimachi, Chiyoda-ku, Tokyo
CEO　　Kunehito Nakahara
Established　　July 2016
URL　　https://souco.space