MEDIROM MOTHER Labs Co., Ltd., a subsidiary of Medirom Healthcare Technologies Inc., has completed a private placement of new shares as part of a ¥9 billion Series A round. The investment was made by internal investors, including the company's President and CEO, Yoshio Uekusa, and Director, Ryo Saito. The capital increase will be used to accelerate development of the MOTHER Bracelet wearable device and support the launch of new healthcare products.
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