Preferred Networks receives JPY900M FANUC investment at JPY15B post-money
Preferred Networks received a JPY900 million primary investment from FANUC for 6% of its post-allotment issued shares, implying a JPY15 billion post-money valuation.
Evidence notes
- FANUC subscribed for JPY900M of newly issued Preferred Networks shares through a primary third-party allotment.
- FANUC’s post-allotment holding equaled 6.0% of Preferred Networks’ issued shares.
- The allotment terms imply a JPY15B post-money valuation.