{"id":7044,"date":"2019-10-26T21:01:12","date_gmt":"2019-10-27T04:01:12","guid":{"rendered":"https:\/\/2020dev.rakuten-med.com\/?post_type=news&#038;p=7044"},"modified":"2020-09-12T13:18:01","modified_gmt":"2020-09-12T20:18:01","slug":"ecommerce-company-rakuten-invests-100-million-in-rakuten-medical-increasing-equity-share-to-22-5","status":"publish","type":"stories","link":"https:\/\/rakuten-med.com\/us\/news\/stories\/2019\/10\/26\/7044\/","title":{"rendered":"Ecommerce Company Rakuten Invests $100 Million in Rakuten Medical, Increasing Equity Share to 22.5%"},"content":{"rendered":"<p>BioSpace | August 2, 2019: <strong><a href=\"https:\/\/www.biospace.com\/employer\/400886\/rakuten-medical\/\">Rakuten Medical<\/a>\u00a0<a href=\"https:\/\/www.prnewswire.com\/news-releases\/rakuten-medical-secures-additional-investment-from-rakuten-to-further-develop-its-photoimmunotherapy-platform-capabilities-300895515.html\">announced<\/a>\u00a0<\/strong>it had raised $100 million in a Series C-1 Preferred Stock financing. The financing came from Rakuten, an internet services company based in Tokyo. This raise increased Rakuten\u2019s equity share of Rakuten Medical to 22.5%.<\/p>\n<p>Rakuten Medical was<strong>\u00a0<a href=\"https:\/\/www.fiercebiotech.com\/biotech\/rakuten-medical-reels-another-megaround-to-fund-cancer-r-d\">formerly called<\/a><\/strong>\u00a0Aspyrian Therapeutics. Since launching in 2015, it has raised almost $500 million. The name change took place earlier this year and was related to the extensive investment by Mickey Mikitani, the Japanese billionaire who founded and ran online retailer Rakuten. Mikitani plans to expand the strategic connections between Rakuten Medical and Rakuten. Mikitani is chairman and chief executive officer of Rakuten Medical.<\/p>\n<p><a href=\"https:\/\/www.biospace.com\/article\/rakuten-medical-raised-100-million-in-series-c-for-photoimmunotherapy-platform\/\" target=\"_blank\" rel=\"noopener noreferrer\">Read the Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>BioSpace | August 2, 2019: Rakuten Medical\u00a0announced\u00a0it had raised $100 million in a Series C-1 Preferred Stock financing. The financing [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"template":"","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"class_list":{"0":"post-7044","1":"stories","2":"type-stories","3":"status-publish","5":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ecommerce Company Rakuten Invests $100 Million in Rakuten Medical, Increasing Equity Share to 22.5% - Rakuten Medical - To conquer cancer.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rakuten-med.com\/us\/news\/stories\/2019\/10\/26\/7044\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ecommerce Company Rakuten Invests $100 Million in Rakuten Medical, Increasing Equity Share to 22.5% - Rakuten Medical - To conquer cancer.\" \/>\n<meta property=\"og:description\" content=\"BioSpace | August 2, 2019: Rakuten Medical\u00a0announced\u00a0it had raised $100 million in a Series C-1 Preferred Stock financing. 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