Power Trading Firm Enechain Raises $32 Million for Expansion

Enechain, a startup in Japan’s growing power market, raised 5.05 billion yen ($31.9 million) to expand its business and improve the company’s online trading platform.

Funding was led by Coreline Ventures and included other investors such as US-based Soros Capital Management, according to a statement from Enechain on Monday, confirming a Bloomberg News report on the capital raising.