Ten Allied Co.,Ltd. announced that it will receive JPY 1,499,994,400 in equity round of funding on March 5, 2021. The transaction will include participation from Eiko Co., Ltd for 1,381,200 common shares at a price of JPY 362 each for gross proceeds of JPY 499,994,400, and EKCC-1 Fund L.P. for 1,000 class A shares at a price of JPY 1,000,000 per share for gross proceeds of JPY 1,000,000,000. The company will raise funding through third-party allotment method. The transaction is expected to close on March 23, 2021. The company will pay issuance expenses of JPY 49,994,400 and receive net proceeds of JPY 1,450,000,000 in the transaction.