ASUENE SECURES US$20 MLN IN SERIES B FUNDRAISING ROUND

KUALA LUMPUR, Oct 27 (Bernama) -- Asuene Inc, the leading climate tech company in Japan, has raised US$20 million in total from its Series B fundraising round, bringing its cumulative investments and loans to US$23 million since the company's inception in October 2019.

In a statement today, it said the funds will be used to strengthen the recruitment of talented personnel, expand system functions, and enhance system specifications for global expansion.

“We will invest all the funds and resources to become the number one climate tech company, providing a one-stop solution for decarbonisation management,” said Asuene co-founder and chief executive officer, Kohei Nishiwada.

The fundraising round involved 14 venture capitals and financial institutions, including Pavilion Capital, an investment company under the Singapore government, and Axiom Asia Private Capital, a leading private equity fund in Asia.

The company said it will continue to promote decarbonisation in all industries, both domestic and international, and create social impact through business growth as a leading climate tech company.

-- BERNAMA