HRBrain, INC. announced that it has raised ¥1,300,000,000 in a round of funding led by new investor Eight Roads Ventures Japan on December 3, 2020. The company issued common shares for ¥1,000,000,000, and non-convertible debt for ¥300,000,000. The transaction also involved participation from new investors Dai-ichi Life Holdings, Inc. (TSE:8750), SMBC Venture Capital Co., Ltd., AG Capital Co., Ltd., SCSK Corporation (TSE:9719), returning investors, Genesia Ventures, Inc., SPARX Group Co., Ltd (TSE:8739), CyberAgent Capital Co., Ltd., Beenext Pte.

Ltd., JA Mitsui Leasing, Ltd., Mizuho Capital Co., Ltd., KSK Angel Fund LLC, Mitani Sangyo Co., Ltd. (TSE:8285), and Canal Venture Co., Ltd. The company has raised approximately ¥2,200,000,000 in equity funding till date.