Gurunavi, Inc. announced that a private placement of 3,400,000 Class A preferred stock at a price of ¥500 each for ¥1,700,000,000 on October 4, 2021. The company is raising funding through a third-party allotment method. The transaction will include participation from SMBCCP No. 1 Fund L.P., a fund managed by SMBC Capital Partners. The company paid expenses of ¥98,000,000. The transaction has been approved by the board of directors of the company.