TOKYO -- A Japanese microlending company and potential unicorn has raised capital from three asset management firms, a possible sign that looser restrictions on their investment in unlisted shares could help startups access long-term funding.
Gojo & Co. raised 12.5 billion yen ($82.3 million) as part of its latest equity financing round, including through funds set up by Asset Management One, Rheos Capital Works and Sumitomo Mitsui Trust Asset Management. The funding round valued the company at about 134 billion yen, or roughly $880 million, putting it close to the $1 billion threshold for unicorn status.
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