FunPep Co., Ltd. announced that it has received JPY 460 million in a round of funding from business companies and venture capitals on October 5, 2018. The company raised funding through a third party capital increase. The transaction included participation from Bio-Sight Capital Co., Ltd., Bio-Sight Start Investment Limited Partnership, Mizuho Seicho Shien Fund, a fund managed by Mizuho Capital Co.

Ltd., Shionogi & Co., Ltd. (TSE:4507), Sumitomo Dainippon Pharma Co., Ltd. (TSE:4506), Morishita Jintan Co., Ltd. (TSE:4524), Fancl Corporation (TSE:4921) and MediPal Holdings Corporation (TSE:7459).