Parallel Inc. announced that it has received ¥1.2 billion in funding from a group of investors
March 19, 2024
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Parallel Inc. announced that it has received ¥1,200 million in round of funding on March 20, 2024. The transaction included the participation from new investors ADWAYS Ventures, Inc.,
Shizuoka Capital Company Limited, Yamaguchi Capital Co., Ltd., Resona Capital Co., Ltd. and returning investors NTT Docomo Ventures, Inc., JAFCO Group Co., Ltd., KDDI Open Innovation Fund, a fund managed by Global Brain Co., Ltd. and Mitsubishi UFJ Capital Co., Ltd. The company has raised ¥2,900 million as funding till the date.
JAFCO Group Co Ltd, formerly JAFCO Co Ltd, is a Japan-based company engaged in venture investment and buyout investment business through fund management. The Company operates Fund Management business segment. The Funds are recruited from institutional investors and operating companies about once every three years. The Company also invests its own funds in all funds and commits itself to improving fund performance. The main sources of revenue are capital gains through fund investments, fund management fees, and performance fees. The Company operates business in Japan, the United States, Asia and other countries.