The Kyoto University spinout backed by the institution’s i-Cap fund has secured $25.5m in funding from returning investors.
LegalForce, a Japan-based contract review technology spinout of Kyoto University, completed a ¥2.7bn ($25.5m) series C round today featuring financial services firms Mitsubishi UFJ, Mizuho Bank and Sumitomo Mitsui Banking Corporation.
The banks have invested through respective venture capital vehicles Mitsubishi UFJ Capital, Mizuho Capital and SMBC Venture Capital, and were joined by startup incubator operator Dream Incubator’s Dimension fund and VC firm Jafco.
Japan Finance Corporation and Mitsubishi UFJ Bank provided an additional $2.8m in debt financing,…
