News

JIC Venture Growth Investments (VGI) has acquired the shares of Subsclife Inc. (Subsclife), through its JIC Venture Growth Fund 1 (VGF1).

Subsclife is the provider of “subsclife”, a furniture subscription service within original price,and “subsclife SHARE”, a furniture secondary market platform with manufacturers’ guaranteed.

Because of furniture’s lifecycle, furniture manufacturers are suffering from low inventory turnover so far, and they get little benefit from secondary market even if they make long life furniture which can be highly evaluated by secondary market. Through “subsclife” and “subsclife SHARE”, VGI thereby aims to enhance their business model transformation of furniture industry and support to build sustainable society.

Furniture is an essential product for daily life. The more important diversification of workstyle or lifestyle is, the more necessary it’s that ways to provide furniture correspond to that diversification. VGI’s investment will allow Subsclife to further expand its business and develop various ways of providing furniture.

^{The information contained in this notice is current at the time of publication and subject to change without notice.}