#Asia Japan’s Global Brain and Mitsui Fudosan launch US$45M investment fund

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Singapore has a role to play thanks to a business alliance between Mitsui Fudosan and NUS Enterprise

Tokyo FINAL
In a joint partnership with Tokyo-based VC firm Global Brain Corporation, Japanese real estate developer Mitsui Fudosan announced yesterday the launch of its first strategic investment fund, valued at 5 billion yen (US$45 million).

Global Brain will be the fund manager.

The fund is called ’31VENTURES Global Innovation Fund I’ and will be redeemable for 10 years. It is focussed on investments in Series A and later (with a willingness to invest in pre-Series A rounds). 31 Ventures is the name of the venture arm of Mitsui Fudosan.

“We will support all areas required for the growth of startups together with professional partner companies, such as law firms, accounting firms and consultants, to enable startups to succeed in their businesses,” said the Mitsui Fudosan corporate public documents.

Also Read: Eyeota raises US$7M Series A led by Global Brain Corporation

Furthermore, a portion of the Global Innovation Fund will be invested into the global early-stage VC firm 500 startups as well as Draper Nexus Ventures (a company focussed on cross-border investments between Japan and the US).

Singapore also has a role to play in the fund because Mitsui Fudosan has built a business alliance with NUS Enterprise and will cooperate with the entrepreneurial department of National University Singapore “as part of the measures to support global reach of the startups”.

The fund itself will also have a global reach, targeting companies from Japan, Israel, the US, Europe and the rest of Asia. It is open to investing in companies from any sector besides biotechnology and pharmaceuticals.

The Co-venture has a similar relationship with the Entrepreneurs Roundtable Accelerator in New York City.

Also Read: Global Brain invests in IzumoBASE

Along with the fund is a ‘community drive’ which includes expanding its incubation facilities called ’31 Ventures Office’. Mitsui Fudosan will also establish a ’31 Ventures Club’ which provides access to co-working facilities and incubation offices across Tokyo.

Additionally, investees will have daily access to ‘Community Managers’ tasked to help the startup with management consultation and advice.

The post Japan’s Global Brain and Mitsui Fudosan launch US$45M investment fund appeared first on e27.

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