secondaries

SaaS

SmartHR Receives US$96m Strategic Investment From General Atlantic, Acquiring Stake From Coral Capital

SmartHR, a leading cloud-native human resources management platform, and General Atlantic, a leading global investor, have announced a US$96 million (JPY¥14.6 billion) strategic minority investment from General Atlantic into SmartHR. General Atlantic acquired its stake in SmartHR from Coral Capital, which will remain a committed minority shareholder.

startup

SMBC's support for startup exits

Last week, SMBC Group made two announcements concerning their support for startup exits. 1. Sumitomo Mitsui Banking Corporation and FOR STARTUPS have begun a collaboration aimed at diversifying exit strategies for startups 2. Sumitomo Mitsui Banking Corporation, SMBC Venture Capital Management, and Bee Alternatives Japan have established a secondary fund