NanoFocusRay Co., Ltd. announced that it will receive KRW 3,130,000,000 in an equity round of funding on February 16, 2022. The transaction will include participation from returning investor, L&C Bio Co., Ltd. The investor will hold 71.62% stake in the company post closing of the transaction. The transaction has been approved by the board of directors of the company.

The transaction is expected to close on February 17, 2022.