SUVACO Co.,Ltd. announced that it has received ¥180 million in funding from Chubu-Nippon Broadcasting Co., Ltd., Mobile Internet Capital Inc.
SUVACO Co.,Ltd announced a private placement of shares of gross proceeds of ¥180,000,000 by way of third party allotment on August 29, 2017. The transaction included participation from Chubu-Nippon Broadcasting Co., Ltd. (NSE:9402), returning investor MIC Innovation III Limited Liability Fund, a fund managed by Mobile Internet Capital Inc and MIC Innovation IV Limited Liability Fund.