On April 7, 2020, Kringle Pharma, Inc. closed the transaction. The company has received ¥740 million in funding in its second tranche. The company has received ¥1,690 million in funding from the transaction.

The second tranche included participation from funds managed by Osaka University Venture Capital Co., Ltd., Chishima Real Estate Co., Ltd., Resona Capital Co., Ltd., and a fund jointly established by The Nanto Bank, Ltd. (TSE:8367) and Venture Labo Investment, MSF Capital Partners G.K., Yitu Capital, HT Capital, OKB Capital Co., Ltd., and individual investors.