SmartHR, Inc. announced that it has received JPY 1,500,000,000 in its series B round of funding on January 23, 2018. The transaction involved participation from existing investor, 500 Startups, Tokio Marine & Nichido Fire Insurance Co., Ltd., Nissen Inc. (JASDAQ:6543), 3 institutional investors including new investor CVC Capital Partners Limited and individual investors. James Riney of 500 Startups was appointed as external director. The funding has been raised through special purpose vehicle.