Toreta, Inc. announced that it has received ¥2.03 billion in funding from Toppan Inc., Image Frame Investment (HK) Limited, Okasan Capital Partners Co., Ltd., Sumitomo Mitsui Trust Investment Co., Ltd and another investor
February 14, 2022
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Toreta, Inc. announced that it has received ¥2,030,000,000 in a round of funding on February 15, 2022. The transaction included participation from HR Tech Fund, Toppan Inc, Image Frame Investment (HK) Limited, OCP No. 1 Investment Limited Partnership; a fund managed by Okasan Capital Partners Co., Ltd. and Japan Co-Invest No.3 Fund L.P.; a fund managed by Sumitomo Mitsui Trust Investment Co., Ltd. The company issued the securities on third party allotment basis.
Toppan Inc. (formerly Toppan Printing Co., Ltd.) specializes in printing services. Net sales break down by activity as follows:
- information and communication media printing (57.6%): smart cards, identity authentication systems, commercial forms, labels, booklets, manuals, lottery tickets, brochures, calendars, books, dictionaries, magazines, catalogs, etc.;
- packaging and industrial materials printing (28.2%): food packaging, card boxes, papers, interior decoration materials, etc.;
- manufacturing of electronic materials (14.2%): semiconductors, filters and antireflection for screens films, etc.
Net sales are distributed geographically as follows: Japan (72.1%), Asia (15.9%) and other (12%).
Toreta, Inc. announced that it has received ¥2.03 billion in funding from Toppan Inc., Image Frame Investment (HK) Limited, Okasan Capital Partners Co., Ltd., Sumitomo Mitsui Trust Investment Co., Ltd and another investor