Drip Capital Raises $113M

Drip Capital, Inc., a portfolio company of GMO VenturePartners, has raised $113M (approximately 16 billion yen) through investments and loans from Sumitomo Mitsui Banking Corporation, GMO Payment Gateway, IFC, and others. The seed investment by GMO VenturePartners via Y Combinator has led to a large-scale joint investment by Japanese institutional investors.

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