Floadia Corporation announced that it has received ¥1,040 million in series C round of funding led by Teijin Limited (TSE:3401) on October 26, 2020. The transaction included participation from Miyako Capital Co., Ltd., NEC Capital Solutions Limited (TSE:8793) and IDATEN Ventures LLC. Teijin Limited (TSE:3401), Value Co-Creation Venture No.

2 Fund, a fund managed by Venture Labo Investment, new investor Marubeni Ventures Inc. and existing investor TEL Venture Capital, Inc., together invested ¥530 million in its first tranche and Miyako Capital Co., Ltd., Marubeni Ventures Inc., NEC Capital Solutions Limited (TSE:8793)., and IDATEN Ventures LLC together invested ¥510 million in its second tranche. The company has raised ¥3,600 million in funding till date.