Photosynth Inc. announced that it has received ¥3,500,000,000 in a round of funding on August 4, 2020. The company issued common shares and non convertible debt in the transaction. The transaction includes participation from The Norinchukin Bank, NTT Docomo Ventures, Inc., Mitsui Fudosan Co., Ltd., Venture Co-creation Department, Toppan Printing Co., Ltd. (TSE:7911), BBSP SAS, Scrum Ventures, Globis Capital Partners, Japan Finance Corporation, Shinsei Bank Ltd., Investment Arm, Mebuki Financial Group, Inc. (TSE:7167), Mizuho Bank, Ltd., The Joyo Industrial Research Institute, Ltd., Investment Arm, and LINE Ventures Corporation.

The securities will be issued through third party allotment method. The company has raised ¥5,000,000,000 in funding till date.