Itochu and KDDI Open Innovation Fund have backed a $48.5m round which took the employee recruitment platform developer’s total equity and debt financing to over $82m.

Japan-based part-time job listings platform Timee secured ¥5.3bn ($48.5m) in equity and debt financing on Wednesday in a series D round featuring diversified trading group Itochu Corporation and telecommunications firm KDDI.

The $36.6m equity portion of the round was filled out by Keyrock Capital Management, Kadensa Capital, Seiga Asset Management and Signifiant’s The Fund.

KDDI was represented by KDDI Open Innovation Fund, and its investment was first disclosed in August this year. Banks including Mizuho Bank supplied $11.9m in…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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