Japan Crate, a Los Angeles, CA-based provider of subscription boxes and online store that share the culture of Japan with an expanding base of consumers worldwide, received a financing from Decathlon Capital Partners.
Details of the revenue-based funding transaction were not disclosed. No equity or ownership was exchanged for the growth capital from Decathlon, and Japan Crate was not required to give up any control of the company. They will repay the financing through its future revenues.
The company intends to use the funds to to expand its product offerings, enhance its distribution and expand its customer support.
Led by Hank Rao, Founder and Chief Executive Officer, Japan Crate is a Japanese culture subscription box that shares the experience of Japan through monthly crates of candy, snacks, kawii items, stationery, noodles, toys and beauty products. Products include Japan Crate, Doki Crate, Umai Crate, Gacha Crate, Kira Crate and Inku Crate. The company also shares Japanese culture through its Sugoi Mart online store. Founded in 2014, Japan Care has offices in Toyko and Los Angeles.
FinSMEs
26/10/2022