# Chugin backs SoVa with convertible bonds

> Chugin Capital Partners uses convertible bonds for fourth SoVa funding round.
- Title: Chugin backs SoVa with convertible bonds · Dealroom | Shortify
- Summary: Chugin Capital Partners uses convertible bonds for fourth SoVa funding round. Chugin Capital Partners has backed Tokyo accounting firm SoVa a fourth time…
- Keywords: chugin capital partners, sova, convertible bonds, funding round, accounting firm, tokyo, startups, business, Chugin, backs, convertible, bonds
- Source: Dealroom — https://dealroom.co/news/163728-chugin-backs-sova-a-fourth-time-its-first-use-of-convertible-bonds
- Published: 2026-10-19T01:47:02+00:00
- Read time: 1 min
- Topics: chugin capital partners, sova, convertible bonds, funding round, accounting firm, tokyo, startups, business
## 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.
## Key takeaway

Chugin Capital Partners has backed Tokyo accounting firm SoVa a fourth time using convertible bonds for its first use of this financing tool.