KKR and Teachers’ Venture Growth, or TVG, the late-stage venture and growth investment arm of Ontario Teachers’ Pension Plan, announced the signing of definitive agreements under which KKR and TVG will jointly lead a $140M Series E fundraise of SmartHR, a cloud-native human resources management platform in Japan, with participation from existing shareholders. KKR makes its investment as part of its Asia Next Generation Technology strategy. This marks KKR’s latest technology investment in Japan, which has included: Yayoi, a financial and accounting software provider for SMEs; NetStars, the operator of Japan’s largest QR code payment gateway; and dataX, a marketing SaaS platform.
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