#Japan #Tokyo #Spiral Capital #Fund 3 #Japan Fund

Spiral Capital Japan Fund 3 Secures 15 Billion Yen

Spiral Capital Co., Ltd., based in Minato, Tokyo, has successfully completed the fundraising process for its "Spiral Capital Japan Fund 3 Limited Liability Partnership" (hereinafter referred to as Fund 3), achieving its target of 15 billion yen. This completion of the final close marks a significant milestone for Spiral Capital, elevating the group's total assets under management (AUM) to approximately 75 billion yen, establishing itself as one of the top independent venture capital firms in Japan.

Investment Strategy of Fund 3

The primary objective of Fund 3 is to achieve a dual focus on both "Industrial Transformation" and "Social Impact", both of which are crucial for the sustainable growth of the Japanese economy. The fund will mainly focus its investments on seed and early-stage companies while also allocating a portion of investments to mid to late-stage companies during their expansion periods.

The investment areas have been categorized into four primary sectors, termed the "BIG4". This includes industries that have seen significant investment attention:

• - Artificial Intelligence (AI)
• - Smart Infrastructure
• - FinTech
• - Healthcare

Additionally, the fund will bolster its investments in globally scalable deep tech firms, aiming to enhance the competitiveness of innovations emerging from Japan. A notable addition to the strategy is the introduction of the "Theory of Change (ToC)" methodology, intended to visualize the social impact created through investment activities, focusing on values such as Environment, Wellness, Work Engagement, and Diversity.

Overview of Investors

Fund 3 has garnered significant interest from various financial institutions, institutional investors, and corporate entities, with over 80% of the funding coming from financial institutions and institutional investors. Some prominent investors include:

• - Financial Institutions & Institutional Investors:

- Industry Innovation Investment Corporation
- MUFG Bank
- Sumitomo Mitsui Trust Bank
- Gunma Bank
- Sumitomo Life Insurance
- SMBC Nikko Securities
- Kiwoom Investment, among others.

• - Corporate Investors:

- Keio Corporation
- Itochu Marubeni Steel

Future Outlook

Spiral Capital's strength lies in lead investments concentrated in seed and early-stage phases, coupled with support for open innovation through collaboration with corporate partners. Fund 3 is already making strides, having invested in promising startups that have the potential to significantly alter their respective industries, such as:

• - newmo (Taxi Digital Transformation)
• - Turing (Fully Autonomous Driving AI)
• - MOZU (Construction Materials Procurement DX)
• - Zevero (Carbon Accounting AI)
• - BACKSEAT (Embedded Cryptocurrency Exchange)

Going forward, Spiral Capital aims to accelerate its investment activities to nurture the next generation of unicorns, contributing to the sustainable development of innovations arising from Japan.

Fund Overview

• - Fund Name: Spiral Capital Japan Fund 3 Limited Liability Partnership
• - Year of Establishment: 2024
• - Total Management Amount: 15 billion yen
• - Limited Partners (LPs): Major financial institutions and corporations
• - Investment Areas: Domestic startups
• - Investment Amount: 50 million yen to 5 billion yen per investment (up to 2 billion yen for additional investments)
• - Web Page: Spiral Capital Fund

About Spiral Capital

Founded in 2016, Spiral Capital is an independent venture capital firm. With the mission "Spiral into Growth", the firm focuses on supporting startups that tackle industrial transformation and social challenges. The ongoing Fund 3 particularly aims to generate the next generation of unicorns from Japan, focusing on the pillars of AI, Smart Infrastructure, FinTech, and Healthcare. By leveraging the resources, networks, and expertise from its group company, Spiral Innovation Partners, and its consulting branch, Spiral Capital offers comprehensive open innovation support to both its LPs and investees.

For more information, visit Spiral Capital Official Site.