From Dealroom · · 40s
Chugin backs SoVa with convertible bonds
Chugin Capital Partners uses convertible bonds for fourth SoVa funding round.
In brief
Chugin Capital Partners uses convertible bonds for fourth SoVa funding round. Chugin Capital Partners has backed Tokyo accounting firm SoVa a fourth time using convertible bonds for its first use of this financing tool. Originally reported by Dealroom.
Chugin's fourth SoVa investment
Chugin Capital Partners made a follow-on investment in Tokyo-based accounting firm SoVa combining third-party equity with convertible bonds.
SoVa's accounting service
SoVa runs a next-generation accounting firm pairing tax accountant knowledge with technology for monthly subscriptions and tax advice.
Convertible bonds used for first time
This is Chugin's first use of convertible bonds to supply capital while limiting shareholder dilution.
Here's the gist
Chugin Capital Partners has backed Tokyo accounting firm SoVa a fourth time using convertible bonds for its first use of this financing tool.
