Hub Co., Ltd. (TSE:3030) announced that it has entered into an investment agreement for a private placement of 1,564,900 shares at an issue price of ¥639 per share for gross proceeds of ¥999,971,100 from new investor Tech Growth Capital Fund L.P. on March 22, 2021. The company will raise funding through third party allotment method. The transaction has been approved by the board of directors of the company. The payment date is April 14, 2021. The company will pay approximately ¥13,000,000 for issuance costs is financial advisory costs, registration-related costs, attorney's fees, securities registration statement preparation costs. The investor will hold 20.02% stake in the company, post the closing.