Monroe-Sheridan Foreign Law Office Represents Forest Inc. in ¥900 million Seed Financing

Monroe-Sheridan Foreign Law Office represented forest Inc. as U.S. counsel in forest’s JPY 900 million (approx. $8 million) seed financing round, announced on November 24. The University of Tokyo Edge Capital Partners (UTEC) and Nordstar Partners led the financing. The financing was covered in TechCrunch and the Nikkei newspaper.

From the TechCrunch article:

Forest will apply digital marketing strategies at scale, optimize sales and enhance inventory planning through data analytics, as well as support cross-border e-commerce expansion.

Forest is currently in the process of finalizing its first acquisition. It will continue to look for brands that generate sales between $1 million and $5 million and target to acquire companies with more than $10 million of sales next year, said CEO of Forest Shingo Yuhara told TechCrunch.

Note: Disclosure of previous engagements is made with the consent of the client.

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