Japan Cloud Capital has received $960,000 in a round featuring railway company Tokyu that represents its maiden corporate venture capital transaction.
Rail operator Tokyu Corporation closed its first corporate venturing deal yesterday, participating in a ¥100m ($960,000) round for Japan-based crowdfunding service provider Japan Cloud Capital (JCC).
Unnamed angel investors filled out the round, which lifted JCC’s overall funding to roughly $16.8m. It most recently raised $8m in September this year, from investors including corporates IR Robotics, NLinks and Sanoh Industrial.
Founded in 2015, JCC runs an equity crowdfunding platform dubbed Fundinno. Users can invest amounts from ¥100,000 in unlisted…
