Iwaya Giken Co., Ltd. announced that it has received ¥400 million in a equity round of funding on December 8, 2023. The transaction included participation from returning investors Incubate Fund, Yokohama Capital Co. Ltd., Toyota Boshoku Corporation, Mitsui Sumitomo Insurance Venture Capital Co., Ltd., SMBC Venture Capital Co., Ltd., new investors include Asahi Group Japan, Ltd., Globe Advisors Co., Ltd., Shizuoka Capital Company Limited, Satudora Holdings Co.,Ltd., Resona Capital Co., Ltd., Mitsubishi UFJ Capital Co., Ltd., Shochiku Ventures Co., Ltd. for ¥49.996 million, Hokkaido Growth No.

1 Fund, a fund managed by Hokkaido Venture Capital, Inc. and an undisclosed individual investor. The company raised funding through third-party allotment of capital. The company has raised approximately ¥2,000 million yen in funding till date.