Sanritsu Logistics America Inc. announced that it will receive $5,000,000 in a round of funding from existing investor Sanritsu Corporation (TSE:9366) on October 31, 2018. The company will issue common shares in the transaction. The investor will retain its 100% stake in the company. The capital of company will increase from $800,000 to $5,800,000 upon closing. The company will receive funding in two tranches of $3,000,000 in November 2018 and $2,000,000 in January 2019. The transaction has been approved by the board of directors of the investor.