PECOFREE Inc. announced that it has received ¥170 million in an equity round of funding led by returning investor Mitsui Sumitomo Insurance Venture Capital Co., Ltd. on March 8, 2024. The transaction included participation from new investors Mitsubishi UFJ Capital Co., Ltd., NES Inc., Chugin Capital Partners, Howa Sogyo Jigyo Shokei Shien Fund, a fund managed by Future Venture Capital Co., Ltd, Oita VC Success Fund L.P. 6, a fund managed by Oita Venture Capital Co. Ltd., returning investors Ijigen Group Co., Ltd., NCB Venture Capital Co., Ltd., RKB Mainichi Holdings Corporation, teno.

Holdings Company Limited, Sun* Inc. and Saison Ventures Co., Ltd. The company has received funding through third-party allocation. The company has received ¥290 million funding till date.