SUSMED Co., Ltd. announced a private placement for gross proceeds of ¥720,000,000 on June 4, 2018. The transaction included participation from new investors Tokyo Century Corporation (TSE:8439), M3, Inc. (TSE:2413), SBI Investment Co., Ltd., Sony Innovation Fund, The Dai-Ichi Life Insurance Company, Limited, and existing investor Beyond Next Ventures Inc. The company issued shares through a third party allocation method.