(Head office: Sumida-ku, Tokyo; Representative Director: Yoshinobu Osaka) has invested in Ghoonuts K.K. (Head office: Kyoto-shi, Kyoto; Representative Director: Nobuhiro Tsuji; hereinafter "Ghoonuts").

The company aims to enrich people's lives through the promotion of brain functions as a research and development startup utilizing transcranial electrical stimulation technology, which stimulates the brain from the outside with weak electricity. The company has recently raised funds from Kyoto City Startup Support No. 2 Investment Limited Partnership, Glocalink Corporation, HOXIN Corporation, and Setouchi Startups No. 1 Investment Limited Partnership to develop a device equipped with transcranial electrical stimulation and to conduct research and development aimed at recovering aphasia(*) after a stroke. The company will work on the development of a device equipped with transcranial electrical stimulation for the recovery of aphasia* after stroke.
(*)Aphasia is one of the residual symptoms after a stroke and is a type of higher brain dysfunction. Aphasia is a type of higher brain dysfunction in which the area in the cerebrum that controls language is damaged due to a stroke, resulting in a decline in the ability to speak, hear, read, and write, but the symptoms and severity vary from person to person.

Through research and development of aphasia treatment, we also aim to deliver medical devices with high therapeutic efficacy that can be used by more aphasia patients.

■Company Profile
Name: Ghoonuts Corporation
Representative Director: Norihiro Tsuji
Head Office: 8F, ASTEM Building, Kyoto Research Park, 134 Chudoji Minami-cho, Shimogyo-ku, Kyoto, 600-8813, Japan
Establishment: August 6, 2020
Business activities: Research and business development using transcranial electrical stimulation
HP:https://ghoonuts.com/

■Funders of this round
Kyoto City Startup Support No.2 Investment Limited Partnership
GLOCALINK Inc.
HOXIN Corporation
Setouchi Startups No.1 Investment Limited Partnership

■About the Underwriters
Name: Kyoto City Startup Support No. 2 Investment Limited Partnership
Management Company: Future Venture Capital Co.
Representative: W. Kim, Representative Director
HP:https://www.fvc.co.jp/

Name and operating company: Glocalink Co.
Representative: Yoshinobu Osaka, Representative Director
HP:https://glocalink.com/

Name and operating company: HOXIN Corporation
Representative: Yasumasa Manabe, Representative Director
HP:https://hoxin.vc/

Name: Setouchi Startups No. 1 Investment Limited Partnership
Operators: Keiichiro Fujita, Kuniaki Yamada
Representative: FUJITA Keiichiro
HP:https://setouchi.vc/