Miyako Capital has participated in the second close of an $11.4m round Floadia, whose investors already include Innovations and Future Creation.

Floadia, a Japan-based flash memory intellectual property (IP) producer indirectly backed by Tokyo Institute of Technology, completed a ¥1.2bn ($11.4m) series C round on Monday, closing a second tranche featuring Miyako Capital, an investment vehicle for Kyoto University. Advanced materials and healthcare group Teijin led the ¥510m second close, investing alongside venture capital fund Idaten…

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