Xuancheng Kodike Technology Co., Ltd. announced that it will receive $9,500,000 in an equity round of funding on January 19, 2021. The transaction will involve participation from returning investor Kanto Denka Kogyo Co., Ltd. (TSE:4047). Post completion of the transaction, the investor's stake will increase from 95% to 96.8% stake in the company and the registered capital will increase from $17,400,000 to $26,900,000. The transaction is expected to close early February 2021.