WACUL INC. announced that it has received ¥560 million in a round of funding led by new investor Ricoh Company, Ltd. (TSE:7752) on December 12, 2018. The round also included participation from Mizuho Capital Co. Ltd., Mynavi Corporation, TIS Inc. (TSE:3626), and individual investors.

The company issued equity securities by third-party allotment and borrowed loans from financial institutions.