<article>Japan&#8217;s Crevo has secured a round led by Itochu Technology Ventures while Nanolosse plans to raise funds via a public listing on the ASX.</article>

Japan&#8217;s Crevo has secured a round led by Itochu Technology Ventures while Nanolosse plans to raise funds via a public listing on the ASX.
<h3>Crevo secures investment from Itochu</h3>
Tokyo-based <a href="https://crevo.jp/" target="_blank" rel="noopener">Crevo</a>, which offers crowdsourced animation production platform, has secured a JPY 310 million ($2.77 million) investment led by <a href="http://dealstreetasia.com/tag/Itochu-Technology-Ventures" target="_blank" rel="noopener">Itochu Technology Ventures</a>. Financial terms are undisclosed.
The Bridge <a href="http://thebridge.jp/en/2017/09/crevo-2-8m-funding" target="_blank" rel="noopener">reported</a> that other investors that participated in the round include <a href="http://dealstreetasia.com/tag/Mitsui-Sumitomo-Insurance-Capital" target="_blank" rel="noopener">Mitsui Sumitomo Insurance Capital</a>, AG Capital, and <a href="http://dealstreetasia.com/tag/D4V" target="_blank" rel="noopener">D4V</a>.
According to Crevo CEO Kensuke Shibata, the funds raised will be invested in the future development of the platform.
Specialised crowdsourcing platforms have emerged targeting creators in Japan, such as Kaizen (growth hacking/online experience optimization), Viibar (video production) and Mugenup (game character illustration), which are aiming to develop their own methods of systematising workflows by linking creators together.
<h3>Nanolosse to raise A$5m in pre-IPO round</h3>
Perth-based biotechnology startup <a href="http://nanollose.com/" target="_blank" rel="noopener">Nanollose</a> plans to raise A$5 million ($4 million) through its public listing on the <a href="http://dealstreetasia.com/tag/asx" target="_blank" rel="noopener">Australian Securities Exchange (ASX)</a>.
The firm intends to compete with the traditional textile industry by creating alcohol-derived fabrics from beer and wine. According to Nanollose founder Gary Cass, after a batch of wine turned to vinegar following exposure naturally occurring bacteria, a by-product that emerged was a leathery material made of cellulose fibres.
This led to the founding of Nanollose in 2014, which develops sustainable textiles made out of cellulose derived from this microbial strain. It also uses non-alcoholic sources like sugar and food to produce cellulose.
According to the firm, the IPO was oversubscribed and saw high-profile investors purchase a total of 25 million shares at 20 cents a share.
Its prospectus says that of the A$5 million raised, A$2.2 million will be allocated to R&amp;D purposes, with A$400,000 to patent applications and marketing operations. The venture is currently pre-revenue and pre-customers, with plans to commercialise Nanollose in future through licensing its technology to customers and industry players.
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Japan's Crevo has secured a round led by Itochu Technology Ventures while Nanolosse plans to raise funds via a public listing on the ASX. 

APAC Digest: Japan's Crevo raises $2.77m; Nanolosse to list on ASX

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APAC Digest: Japan's Crevo raises $2.77m; Nanolosse to list on ASX

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