Private Equity in Japan: INCJ makes additional investment in Cloudian Holdings Inc., a developer of cloud object storage software for global market
Aug 31, 2018
byInvestment in Japan
Private Equity in Japan
Tokyo, August30, 2018-Innovation Network Corporation of Japan (INCJ) announced today its decision to make an additional investment of up to US$6.5 million in Cloudian Holdings Inc.(Cloudian), a developer and seller of cloud storage systems software, and the completion of US$6.2 million of this amount through a third-party allotment of shares. This additional investment decision was made in light of Cloudian's business progress. In addition to existing shareholders including Eight Roads Ventures Japan, Goldman Sachs, new investors in this round of financing include Japan Post Investment I, ILP, NTT DOCOMO Ventures, Inc., DG Incubation, Inc., WM Partners, Digital Alpha Capital, and WS Investment Company, LLC.