ABABA Inc. has raised a total of 1.25 billion yen in Series B funding through a third-party allotment of new shares, led by new investor DBJ Capital Co., Ltd., with JP Investment Co., Ltd. and existing investors SMBC Venture Capital, Mitsubishi UFJ Capital, Delight Ventures, Chugin Capital Partners, and Hiroshima Venture Capital underwritten. In addition, the company received loans from the Japan Finance Corporation, Sumitomo Mitsui Banking Corporation, and Chugoku Bank, and also issued private bonds by Siiibo Securities.
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This is the largest amount raised (according to the company’s own research) amongst a company whose main business is in the area of new graduate recruitment, bringing the total amount raised to 1.82 billion yen.
SOURCE: PRTimes
