Tunnel, Inc. announced that it expects to receive ¥800 million in funding from OptVentures Co, Ltd., Spiral Ventures Japan LLP, Adways Inc., Excite Japan Co., Ltd., Femto Growth Capital LLP, i Mercury Capital
July 02, 2017
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Tunnel, Inc. announced a private placement for gross proceeds of JPY 800,000,000 on July 3, 2017. The transaction include participation from new investors, Opt Ventures No. 1 Investment Limited Partnership, OptVentures Co, Ltd., Spiral Ventures Japan Fund No. 1, Spiral Ventures Japan LLP, Adways Inc. (TSE:2489), and Excite Japan Co., Ltd. (JASDAQ:3754). The transaction also includes existing investors, Femto Growth Capital LLP, and i Mercury Capital. The transaction will include participation from third party allotment.
Adways Inc. is primarily engaged in providing Internet advertising service. The Advertising segment is engaged in connecting advertisers of Website operators, content providers and smart-phone app developers, to advertising media of Websites, game apps and other media, through the Companyâs advertising system. The Apps and Media segment is engaged in developing and operating smart-phone apps and other media. The Overseas segment is engaged in providing support service of Internet marketing for local and foreign companies overseas mainly in China, and also in providing smart-phone app advertising service.
Tunnel, Inc. announced that it expects to receive ¥800 million in funding from OptVentures Co, Ltd., Spiral Ventures Japan LLP, Adways Inc., Excite Japan Co., Ltd., Femto Growth Capital LLP, i Mercury Capital
ADWAYS INC. 
