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Kouzoh, Inc. was founded by Shintaro Yamada, a Japanese serial entrepreneur in February 2013, and the Mercari app was launched for iOS and Android devices in July of that same year. Within a year of its release, Mercari had accumulated over one million individual listings on its platform.The USD 75 million raised in Mercari's Series D round was set aside by the company for the purpose of further expansion in the US and UK, according to Chief Financial Officer Kei Nagasawa in a March 2016 interview.In 2014, the company opened an office in San Francisco in preparation for the launch of its app in the United States, which took place in September of that same year. In the six years since its initial launch in the US, the Mercari app has been downloaded over 40 million times and has risen as high as number 3 on the US App Store rankings. There are currently around 100 employees located between Mercari's Palo Alto and Portland offices.It was announced In June 2017 that John Lagerling had joined Mercari from Facebook's management team and would be assuming the title of Chief Business Officer. He has also since been named the US CEO of Mercari, Inc.In January 2016, Mercari opened their first European office in London. In December 2018, Mercari announced it will dissolve the European branch as a "temporary retreat".
