Kyoto Fusioneering Ltd. announced that it has raised ¥10,500 million in a round of funding led by, existing investor, JIC Venture Growth Investments Co., Ltd. on May 17, 2023. The transaction also included participation from new investors, Electric Power Development Co., Ltd., Mitsubishi Corporation, Mitsui & Co., Ltd., Inpex Corporation, SMBC Venture Capital Co., Ltd., Sumitomo Mitsui Trust Investment Co., Ltd., Kansai Electric Power Group, MOL PLUS Co, Ltd., MUFG Bank, Ltd., returning investors, Coral Capital, DBJ Capital Co., Ltd., JAFCO Group Co., Ltd., JGC MIRAI Innovation Fund L.P., a fund managed by, Global Brain Co., Ltd. The transaction was oversubscribed. The company has issued common stock in the transaction.

The company has raised a total of ¥12,200 million in funding till date.