ugo, Inc. announced that it has received ¥ 850 million in an equity round of funding on January 31, 2024. The transaction included participation from new investors Mirai Creation Fund I, SPARX Group Co., Ltd., MLC Innovation No. 1 Fund, a fund managed by MLC Ventures Corporation, SAYCO Building Management Co., Ltd., Nakanishi Mfg.

Co., Ltd., Harima B.Stem Corporation, Mizuho Capital Co., Ltd., Mirai Souzou Capital Co., Ltd., Harima B.Stem Corporation, TMES Corporation and returning investor NTT Docomo Ventures, Inc. and Mitsubishi UFJ Capital Co., Ltd.