HAKKI AFRICA raises ¥1.97 billion in Series C first close

HAKKI AFRICA completed the first close of its Series C round, raising ¥1.97 billion with SMBC Venture Capital Co., Ltd. (President: Yuji Saeki) and Global Brain Corporation (President: Yasuhiko Yurimoto) as joint lead investors.

Equity investors in the third-party allotment (in no particular order):

• SMBC Venture Capital Co., Ltd.
• Global Brain Corporation
• Norinchukin Bank (fund managed by Global Brain Corporation)
• Globe Advisors Co., Ltd.
• Gogin Capital Co., Ltd.

Debt and related financing participants (in no particular order):

• Sumitomo Mitsui Banking Corporation
• Funds Startups
• Hokkoku Bank
• Fals Co., Ltd.

Cumulative funding since founding stands at ¥4.16 billion. This raise will serve as a foothold for further overseas expansion.