Zeroboard Inc. announced that it expects to receive ¥2.5 billion in funding from a group of investors
February 14, 2023
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Zeroboard Inc. announced that it will raise ¥2,500 million in a round of funding on February 15, 2023. The company will issue common shares in the transaction through third-party allocation method.
On the same date, the company issued ¥1980 million in first close and ¥460 million in second close. The first close is led by new investor, Keyrock Capital Management Limited with participation from new investors, JAFCO Group Co., Ltd., DBJ Capital Co., Ltd., Coral Capital, returning investors, DNX Ventures, LLC, Inclusion Japan,Inc. The second close participation includes Nagase & Co., Ltd., The Kansai Electric Power Company, Incorporated, MUFG Bank, Ltd., Iwatani Corporation, Sumitomo Corporation, Toyota Tsusho Corporation, FFG Venture Business Partners Co., Ltd., ORIX Corporation, Mizuho Capital Co., Ltd., SMBC Venture Capital Co., Ltd., Delight Ventures, Inc. and U3Innovations LLC. The company raised ¥2,440 million in the transaction. The company has raised total 2750 million funding till date.
Toyota Tsusho Corporation is a diversified group organized around 7 areas of activity:
- production of metal (24.1% of net sales): steel bars, flat steel, wires, pipes, aluminum, etc.;
- manufacturing of chemical products and electronic components (23.2%);
- production of automobile components and accessories (12.4%). Toyota Tsusho Corporation also offers logistics services and tire assembly services;
- manufacturing of industrial machines equipment and gas (10.9%);
- sale of vehicles (7.9%): private cars, vans, heavy vehicles and motorbikes/scooters. The group also sells spare parts and offers after-sales services;
- manufacturing of food products (7.7%);
- other (13.8%): sale of insurance products (life, health, accident and house), accommodation services, sale of medical equipment and services, sale of textile products and office supplies.
Net sales are distributed geographically as follows: Japan (30.8%), China (14.4%), Africa (13.7%), the United States (9.8%) and other (31.3%).
TOYOTA TSUSHO CORPORATION 
