MIKAWAYA21 Co., Ltd. announced that it expects to receive ¥300 million in funding from Sharingtechnology, Inc.
November 19, 2018
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MIKAWAYA21 Co., Ltd. announced that it has received ¥300 million in an equity round of funding from new investor Sharingtechnology, Inc. (TSE:3989) on November 19, 2018. The third-party allocation will be conducted to realize the efforts through the business alliance. Pursuant to the transaction, the investor will hold 16.7% stake in the company. While the basic agreement concluded on the same day, the final contract and investment transfer will conclude in December 2018. The transaction was approved at the Board of Directors’ resolution of the investor.
SHARINGTECHNOLOGY.INC is a Japan-based company mainly engaged in the Web business and investment business. It operates through two business segments. WEB business is engaged in the provision of solution to life problems through the operation of the portal site Life No.110 and the specialized vertical media site in the life service area. Member stores can provide services suited to the needs of users in the websites. Main services are unlocking and replacing keys, rain and water leakage, remodeling, glass repair, pet funeral, termite extermination, bee extermination, garden maintenance related, and other accidents that occur suddenly in daily life. It is also engaged in the operation of overseas studying service Sumadome, introducing foreign students and providing study abroad procedures. The new system Mover collects the geographical location of each member store staff and realizes matching. The Investment business includes manufacturing, real estate, and private hotel business.
SHARINGTECHNOLOGY, INC. 
