Piala Inc. announced a private placement of common shares for gross proceeds of ¥460,000,000 on May 31, 2017. The transaction involved participation from a fund managed by B Dash Ventures Inc., a fund managed by Mitsubishi UFJ Capital Co. Ltd., Evolable Asia Corp.

(TSE:6191), Aucfan Co., Ltd. (TSE:3674), and other individual investors. The company has received funding through third party capital increase.