Teijin has led the second close of an $11.4m round for the flash memory technology developer, investing with backers including Marubeni Ventures and NEC Capital Solutions.

Japan-based flash memory intellectual property (IP) producer Floadia completed a ¥1.2bn ($11.4m) series C round yesterday, closing a second tranche led by advanced materials and healthcare group Teijin. Marubeni Ventures and NEC Capital Solutions, corporate venturing units for conglomerate Marubeni and IT services firm NEC Corporation respectively, filled out the ¥510m second close, investing alongside…

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