We are pleased to announce that JAFCO Co., Ltd.(“JAFCO”) joined Gojo & Company Inc. (“Gojo” or “we”) through its funds as a shareholder this month. The event marks the close of our Series B Financing, totaling JPY1.9 billion (USD 17 million). The fund will be mainly used for making investments in microfinance institutions, including follow-on investments for the existing affiliates and subsidiaries and new business development.
Listed on the Tokyo Stock Exchange, JAFCO is a fund management company specializing in venture capital and buyout investments. JAFCO has as its mission a commitment to new business creation that helps in jointly shaping the future. It identifies new technologies and services that are in high demand and commercializes them into new businesses with entrepreneurs with the aim of realizing a better society. JAFCO also has a clear strategy to invest in companies that they see having a positive impact on society. This approach, allows them to have in their pool businesses offering energy usage visualization systems, satellites to remove space debris, services to allow sharing of things and information, medical support utilizing AI and big data, platforms to promote communications, and games and other forms of entertainment that add spice to peopleʼs lives.
We consider this funding another step forward for us to achieve our mission – to be the Private Sector World Bank. We expect to have our Series C Financing in the next year.
Despite many hurdles ahead of us, we keep calm and carry on with our mission of making quality financial services available to everyone in the world. We wish your continuous support for us.