Algal Bio Co., Ltd. announced that it expect to receive funding on July 26, 2022.
As of same, the company received Ñ590 million in its first tranche. The tranche was led by new investor, DBJ Capital Fund, a fund managed by DBJ Capital Co., Ltd. and included participation from new investors, UTEC 4 L.P., a fund managed by The University of Tokyo Edge Capital Partners Co., Ltd., Scrum Ventures Fund IV, LP, a fund managed by Scrum Ventures, Mizuho Seicho Shien Fund 4, a fund managed by Mizuho Capital Co., Ltd., Resona Capital Investment Limited Partnership Fund No. 6, a fund managed by Resona Capital Co., Ltd. and Mitsubishi UFJ Capital VIII, Limited Partnership, a fund managed by Mitsubishi UFJ Capital Co., Ltd. and existing investors. The company has raised Ñ1,040 million till date