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Innovation Network Corp. of Japan (INCJ)

Toshiba agrees $18b sale of chip unit to Bain consortium

Japanese conglomerate Toshiba Corporation has reached a final agreement to sell its Nand flash memory unit to a consortium led by Bain Capital for JPY2 trillion ($17.8 billion).

  • North Asia
  • 21 September 2017
Toshiba, Bain sign MOU for chip unit - update

Japanese conglomerate Toshiba has signed a memorandum of understanding (MOU) with Bain Capital regarding the sale of its Nand flash memory unit to a consortium led by the PE firm.

  • North Asia
  • 14 September 2017
INCJ joins $4.3m round for Japan AI player

Innovation Network Corporation of Japan (INCJ) and Bank of Kochi have agreed to jointly invest JPY470 million ($4.3 million) in Japanese artificial intelligence (AI) technology developer Nextremer.

  • North Asia
  • 10 August 2017
Asian space debris start-up gets $25m Series C

Astroscale, a Singapore-based satellite technology company focused on removing hazardous debris from orbit, has raised a $25 million Series C round with participation from a number of Japanese venture firms.

  • Southeast Asia
  • 17 July 2017
Japan's Floadia closes $14m Series B

Floadia, a Japan-based company specializing in microchip memory technology, has closed a JPY1.6 billion ($14.1 million) Series B fund round from a number of Taiwanese, Japanese and US venture capital firms.

  • North Asia
  • 07 July 2017
Western Digital, KKR resubmit bid for Toshiba memory unit

Western Digital and KKR have resubmitted an offer for Toshiba’s Nand flash memory business, despite the Japanese conglomerate last week naming a consortium featuring Bain Capital as the preferred bidder in the JPY2 trillion ($18 billion) deal.

  • North Asia
  • 28 June 2017
Bain, INCJ consortium named preferred bidder for Toshiba chip unit

Japanese conglomerate Toshiba has selected a consortium led by the Innovation Network Corporation of Japan (INCJ) and including Bain Capital as the preferred bidder in the sale of its Nand flash memory unit, Toshiba Memory Corporation (TMC).

  • North Asia
  • 21 June 2017
Future Venture Capital to buy All Nippon Entertainment

Future Venture Capital (FVC) has agreed to acquire Japanese media company All Nippon Entertainment Works (ANEW) from government-owned investor Innovation Network Corporation of Japan (INCJ).

  • North Asia
  • 01 June 2017
Japanese digital marketing player receives $28m

From Scratch, a Japanese digital marketing platform, has raised approximately JPY3.2 billion ($28.4 million) in funding from Innovation Network Corporation of Japan (INCJ) and Rakuten Ventures, as well as several existing investors.

  • North Asia
  • 18 May 2017
Japan's INCJ takes control of $87m pharma spin-out

The Innovation Network Corporation of Japan (INCJ) has teamed up with two pharmaceutical players to invest JPY10 billion ($87 million) in the creation of a biotech spin-out. INCJ will hold a 70.5% stake in the company.

  • North Asia
  • 15 March 2017
INCJ, First Eastern in partial exit from Japanese airline

Innovation Network Corporation of Japan (INCJ) and Hong Kong-based First Eastern Investment Group have agreed to sell a combined 28.3% holding in Japanese airline Peach Aviation for JPY30.4 billion ($271 million).

  • North Asia
  • 27 February 2017
Japan VCs back domestic fintech start-up

Innovation Network Corporation of Japan (INCJ), SBI Investment and Dentsu Digital Holdings have contributed to a JPY800 million ($7.1 million) funding round for Tokyo-based financial technology company Coiney.

  • North Asia
  • 07 February 2017
INCJ, Khazanah back SE Asian telecom spin-out

Patient Japanese capital and state-backed Malaysian funding underpin a partial spin-out of Southeast Asia telecom towers business Edotco from Axiata

  • Southeast Asia
  • 05 January 2017
INCJ, Khazanah invest $600m in Malaysian telecom player

Innovation Network Corporation of Japan (INCJ) and Malaysian state-controlled fund Khazanah Nasional have agreed to invest a combined $600 million in Kuala Lumpur-based telecom infrastructure company Edotco.

  • Southeast Asia
  • 14 December 2016
INCJ to invest $45m in UK freeze-dried food company

Innovation Network Corporation of Japan (INCJ) has committed up to $45 million as part of a joint acquisition of UK-based freeze-dried food manufacturer Chaucer Food.

  • North Asia
  • 05 December 2016
Deal focus: Treasure Data helps businesses reach the cloud

Innovation Network Corporation of Japan ventured outside its domestic comfort zone to support Treasure Data, and thereby help Japanese corporates get to grips with big data

  • North Asia
  • 21 November 2016
Japan's INCJ invests $10m in Treasure Data

Innovation Network Corporation of Japan (INCJ) has invested $10 million in Treasure Data, a Silicon Valley-based big data start-up founded by two Japanese entrepreneurs.

  • North America
  • 09 November 2016
Japan's INCJ invests $102.6m in domestic VC funds

Innovation Network Corporation of Japan (INCJ) has committed up to JPY10.4 billion ($102.6 million) to funds managed by domestic VC firms MedVenture Partners and Universal Materials Incubator.

  • North Asia
  • 03 October 2016
Japan's INCJ invests $7m in domestic materials group

Innovation Network Corporation of Japan (INCJ) has committed to invest up to JPY700 million ($7 million) in a fresh round of funding for domestic industrial materials specialist Nakayama Amorphous.

  • North Asia
  • 24 August 2016
Japan analytics platform Abeja gets $5m

Japanese corporate analytics platform Abeja has raised a JPY530 million ($5 million) Series B round from Innovation Corporation of Japan (INCJ) and Archetype Ventures.

  • North Asia
  • 28 July 2016
INCJ leads $16m investment in Japan's Atonarp

Innovation Network Corporation of Japan (INCJ) has led a $16 million funding round for Tokyo-based chemical sensor developer Atonarp.

  • North Asia
  • 28 July 2016
Japan's Midokura raises $20m Series B

Japan and US-based software network virtualization company Midokura has raised a $20.4 million Series B round from investors including the Innovation Network Corporation of Japan (INCJ).

  • North Asia
  • 10 June 2016
INCJ leads $10m round for Japan robotics start-up

Japanese robotics company 3D Media has received a JPY1.1 billion ($10 million) investment from Innovation Network Corporation of Japan (INCJ), Sparx Group and Mitsubishi UFJ Capital.

  • North Asia
  • 27 May 2016
INCJ leads $35m investment in Singapore's Astroscale

Singapore-based satellite services and space technology company Astroscale has secured up to $35 million in funding from VC investors including Innovation Network Corporation of Japan (INCJ) and Jafco.

  • North Asia
  • 02 March 2016
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