Itochu Technology Ventures, corporate venturing unit of the Japan-based general trading company, and SMBC Venture Capital, a venture capital unit of Sumitomo Mitsui Banking Corporation, have helped the parent company of Japan-based online manga shopping website Mangazenkan.com raise funds on November 5.
Itochu Technology Ventures and SMBC Venture Capital were joined backing the parent company Torico by Mizuho Capital, part of the Japanese bank, and venture firm Sansei Capital. The round brought the total raised by Torico to Y270m ($3.3m).
Terms were undisclosed, but Torico raised Y200m from Mizuho, suggesting this round is Y70m.