Corporates spice up Cinnamon’s $15m series B

Jan 29, 2019 • Jack Hammond

The document-reading software developer plans to expand in the US after a round featuring TIS, Sony, Itochu, SBI, Sumitomo Mitsui Financial Group, Bank of Fukuoka and Nomura Group.

Japan-headquartered document-reading tool developer Cinnamon has received $15m in series B funding from investors including systems integrator TIS, electronics producer Sony and trading firm Itochu.

Financial services firms Sumitomo Mitsui Financial Group, SBI, Bank of Fukuoka and Nomura Group also participated, the latter three through SBI Investment, FFG Venture Business Partners and Nomura Incubation Investment respectively.

The round was filled out by asset manager Sparx Group and private investors Sachio Semmoto and Fujiyo Ishiguro, while Sony and Itochu invested through…

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