Tech Company Financing Transactions
Daiz Funding Round
Daiz, based in Chuo-ku, Kumamoto, secured $47 million in funding from Kagoshima Bank, Mitsubishi UFJ Capital and Mitsui Sumitomo Insurance Venture Capital.
Transaction Overview
Company Name
Announced On
10/17/2023
Transaction Type
Debt
Venture Equity
Venture Equity
Amount
$47,000,000
Round
Series C
Investors
Proceeds Purpose
It plans to use the Series C funds to build its new production plant in Kumamoto, which it claims will be the largest plant-based meat factory in Japan. The facility is planned for a February 2025 launch, with the first phase of construction having a capacity of 8,000 tons per year. Eventually, it's expected to produce 20,000 tons of plant-based meat annually.
Company Information
Company Status
Private & Independent
Industry
AgTech
Mailing Address
TelWel Kumamoto Building 4 Floor 5-1-1 Minami-Kumamoto
Chuo-ku, Kumamoto, 860-0812
JP
Chuo-ku, Kumamoto, 860-0812
JP
Phone
Website
Email Address
Overview
DAIZ is a global developer and producer of plant-based protein known for its breakthrough sprouting technology that can create desired tastes and nutrient compounds in soybeans and other plant seeds. The Ochiai Germination Method (OGM), our patented and proprietary technology developed through more than 25 years of research in plant science, has enabled DAIZ to custom-design highly nutritional raw materials for meat alternatives that naturally have great flavors and textures without using any additives. We are also exploring the application of OGM to the field of drug discovery by combining it with the latest techniques in artificial intelligence.
Management Team
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