Iwaya Giken Co., Ltd. announced that it has raised ¥570 million in a round of funding on October 10, 2023. The transaction included participation from new investors Toyota Boshoku Corporation,Yokohama Capital Co. Ltd.,returning investor Incubate Fund No.

5 Limited Partnership,a fund managed by Incubate Fund and other operating companies. The company has received ¥1,600 million in funding till date. The company raised funding through third-party allotment of capital.