Tonchidot Raises $12 Million Round B, Expands Augmented Reality/Social Gaming Platform SoLAR Globally

Tokyo-based augmented reality startup Tonchidot has raised $12 million in Series B funding from various Japanese companies, including the country's second biggest telco KDDI, major media conglomerate Recruit, ad agency SPiRE and venture capital firms DCM, Itochu Technology Ventures (ITV), and JAFCO. Tonchidot closed a $4 million series A funding round led by DCM and with ITV participating back in December 2008. The $16 million raised in two rounds is an impressive chunk of money in Japan's startup scene.

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