Miyako Capital has participated in the second close of an $11.4m round Floadia, whose investors already include Innovations and Future Creation.
Floadia, a Japan-based flash memory intellectual property (IP) producer indirectly backed by Tokyo Institute of Technology, completed a ¥1.2bn ($11.4m) series C round on Monday, closing a second tranche featuring Miyako Capital, an investment vehicle for Kyoto University.
Advanced materials and healthcare group Teijin led the ¥510m second close, investing alongside venture capital fund Idaten Ventures, Marubeni Ventures and NEC Capital Solutions, corporate venturing units for conglomerate Marubeni and IT services firm NEC Corporation respectively.
The company had…
