Tokyo,Japan-[April 28 2025] Craif Inc., a molecular diagnostic company that has developed a miRNA based early cancer detection platform, announced the completion of the 2nd close of its Series C round, bringing total funding for the round to US$22 million. Including grants and debt financing, Craif has now raised a cumulative total of approximately US$57 million to date.
The round was led by existing investor X&KSK and joined by new participants including Colorado-based Unreasonable Syndicate — the investment arm of the Unreasonable Group, diagnostic kit leader TAUNS Laboratories, Inc., Daiwa House Industry Co., Ltd., Aozora Bank Group,and others.
Craif will use the new funding to expand its R&D and testing services in Japan. In the United States, the company will continue building out its organizational presence and bolstering R&D capabilities to pursue FDA approval and insurance reimbursement.
Note: USD conversions are based on the exchange rate published by MUFG Bank on [14 April 2025] (1 USD = 142.23 JPY).
Since its Series B funding in 2021, Craif has rapidly scaled operations in Japan. miSignal is now available at over 1,000 medical institutions and 500 pharmacies nationwide, as well as via corporate wellness programs and online platforms. Craif has accumulated over 42,000 biospecimens, with research results published in approximately 60 papers and conference presentations. A recent study validating early detection of pancreatic cancer was featured in eClinicalMedicine, a journal in The Lancet family.
In addition, the company has doubled the size of its certified clinical laboratory and increased testing throughput by over 15 times. In April 2024, Craif initiated clinical trials in Japan to obtain regulatory approval for its software-based diagnostic program targeting pancreatic cancer.
- US$14 million (Series C Funding:US$22 million/Cumulative total: US$57 million)
- Equity: US$12 million
- Debt: US$2 million
・New investors:
- Aozora Corporate Investment Co., Ltd.,
- Unreasonable Group
- Daiwa House Industry Co., Ltd.
- MR Co., Ltd.
- TAUNS Laboratories, Inc.
- individual investors
・New lenders:
- Aozora Corporate Investment Co., Ltd.,
・Existing investors (Series C 1st close):
- X&KSK
- Toyoda Gosei Co., Ltd.
- TOYOTA BOSHOKU CORPORATION
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