INCJ commits $100m to Global Brain Fund V

According to a release, the fund will also receive additional LP commitments from strategic investors within the sectors it targets, bringing the total fund size to JPY15 billion. GBC focuses on start-ups in social media, advertising technology, mobile app development, e-commerce and cloud-based data services. The fund will look to make seed to early-stage investments.

GBC takes a hands-on corporate venture capital approach to its investments based on the strategies of major corporations. In addition to capital, the VC assists start-ups on sales and management strategy formulation and provides back office support.

GBC also manages the KDDI Open Innovation Fund, a JPY5 billion vehicle established with telecoms giant KDDI Corporation last year.

In addition to its LPs commitments, INCJ - which was launched in 2009 as a public-private partnership - also looks to make direct investments and has the capacity to invest up to JPY2 trillion. It focuses on companies in a broad range of industries that promote innovation, the development of new technologies and assisting Japanese companies with overseas expansion.

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• Topics
• North Asia
• Fundraising
• Venture
• LPs
• Japan
• Venture
• Innovation Network Corp. of Japan (INCJ)
• Global Brain Corporation
• Fundraising
• LPs