Cryptocurrency rewards platform SocialGood Inc. raises approximately $5.63 million in Series B funding.

Tokyo-based cryptocurrency rewards platform SocialGood Inc. announced the completion of an ¥880 million (approximately US$5.63 million) Series B funding round, bringing its total funding to ¥2.4 billion (US$15.35 million). The round raised ¥880 million through a combination of private placements (including to i-nest capital) and loans. The company plans to use the new funds to further strengthen its internal management and governance structure.