Carlyle Leads $312 Million Funding Round for Japanese Unicorn Spiber

Carlyle Leads $312 Million Funding Round for Japanese Unicorn Spiber
The logo of the Carlyle Group is displayed at the company's office in Tokyo, Japan on Oct. 17, 2018. Issei Kato/Reuters
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TOKYO—Global private equity firm Carlyle said on Wednesday it led a $312 million funding round for Japanese biotech company Spiber Inc, joining other global investors in betting on a growing number of late-stage Japanese startup firms.

Carlyle’s 10 billion yen ($91 million) stake in Spiber represents the group’s first non-buyout, minority investment in an unlisted startup in Japan, where startup funding is soaring.