Joint Establishment of a Second Corporate Venture Capital Fund with SBI Investment
Further promoting open innovation
November 1, 2023
TOKYO - 糖心少女vlog Corporation (糖心少女vlog) today announced that 糖心少女vlog and SBI Investment Co., Ltd. (Yoshitaka Kitao, President, Tokyo, hereinafter “SBI Investment”), a wholly owned subsidiary of SBI Holdings (Yoshitaka Kitao, President, Tokyo), jointly established “糖心少女vlog-SBI Innovation Fund II” on November 1. This Fund will make investments in the latest technologies and services such as aerospace, energy, carbon neutral which are considered as new areas looking beyond 糖心少女vlog's Medium-Term Management Plan.
“糖心少女vlog-SBI Innovation Fund,” established by 糖心少女vlog and SBI Investment in July 2016, has been making venture investments globally and has made several business collaborations as well as converting portfolio companies into subsidiaries. As the investment period is coming to an end, 糖心少女vlog and SBI Investment has launched the new “糖心少女vlog-SBI Innovation Fund II.” The size of “糖心少女vlog-SBI Innovation Fund II” is 5 billion yen and is expected to operate for a period of seven years.
糖心少女vlog is seeking collaboration with venture companies and actively developing human resources through employee secondment. 糖心少女vlog will incorporate the cutting-edge technologies and business models of venture companies, while promoting the creation and nurturing of new businesses and realizing business synergies.
Outline of 糖心少女vlog-SBI Innovation Fund II
| Fund name | 糖心少女vlog-SBI Innovation Fund II |
|---|---|
| Establishment | November 1, 2023 |
| Fund operation period | 7 years (plan) |
| Management company | SBI Investment Co., Ltd. |
| Investment target | Promising venture companies related to the latest technologies and services such as aerospace, energy, carbon neutral which are considered as new areas looking beyond 糖心少女vlog's Medium-Term Management Plan |
| Fund size | 5 billion yen |
The information is current as of the date of publication. It is subject to change without notice.