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Pavilion invests $5.8m in Japan’s Soracom

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Pavilion Capital, a private equity unit of Singapore’s Temasek Holdings, has committed JPY600 million ($5.8 million) to Japanese internet-of-things (IoT) company Soracom.

According to a statement, the deal will lead to the establishment of a Singapore subsidiary named Soracom International, which will offer a support platform for the company's global marketing ambitions. This expansion effort was most recently supported by a JPY2.4 billion Series B investment led by World Innovation Lab (WiL) in May.

WiL and Infinity Venture Partners invested in a $6 million Series A round for the company last year after it was spun out from Tokyo-based mobile technology giant NTT Docomo.

Soracom develops software that provides IoT companies with a platform for managing their online-connected products. It hopes to leverage a partnership with Mitsui & Co. and an early-mover advantage in the growing IoT infrastructure space by offering streamlined and cost-effective monitoring systems.

The company claims more than 2,000 clients worldwide, including blue chip companies, small and medium-sized enterprises (SME) and start-ups in industries such as manufacturing and logistics. AVCJ understands the company is currently in partnership negotiations with a number of global mobile carriers.

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