Unlisted companies raise 9.04 billion yen in August third week

During the third week of August 2026, 17 unlisted companies announced fundraising activities totaling approximately 9.04 billion yen. The total amount was heavily driven by two major deals accounting for nearly 90 percent of the sum.

Craif, a company focused on early cancer detection, secured approximately 5.3 billion yen through a combination of capital increases, loans, and secondary transactions. Hinoki, a firm specializing in business succession for small and medium-sized enterprises, raised approximately 3.1 billion yen via third-party allotment, with participation from the MIT Investment Management Company.

Analysis of the funding sources shows a balance between venture capital (VC) and corporate investors. Of the 16 relevant cases, nine involved VC attributes, while eight involved business companies or corporate venture capital (CVC).