TOWING Co., Ltd. announced that it has raised ¥840 million in a round of funding on May 17, 2023. The transaction included participation from new investors, Toho Gas Co., Ltd., Mitsubishi UFJ Capital Co., Ltd., Kyogin Lease & Capital Co., Ltd., Nagoya Small and Medium Business Investment & Consultation Co., Ltd., Shizuoka Capital Company Limited, Tokai Tokyo Investment Co., Ltd., SB Players Corp., Kemuri Ventures LLC, Aichi Capital Co., Ltd., U3Innovations LLC, returning investors, Beyond Next Ventures Co., Ltd., epiST Ventures Inc. and NOBUNAGA Capital Village Co., Ltd.