#Tokyu Land #Green Transformation #Cross Capital

Accelerating Green Transformation: Collaborative Innovations with Startups

In an exciting move towards accelerating their green transformation, Tokyu Land Corporation has officially joined forces with Cross Capital, a Fund of Funds specifically focused on supporting open innovation within the corporate sector. This partnership highlights the commitment of Tokyu Land to embrace sustainable business practices and explore innovative solutions through collaboration with startups around the globe.

Overview of Cross Capital

Cross Capital, founded with the aim of facilitating innovation implementation for Japanese companies, will officially begin operations in December 2023. The unique advantage of Cross Capital lies in its extensive network and specialized support system that enables hands-on assistance throughout various stages of collaboration, from articulating cooperation themes to partner exploration, executing Proof of Concept (PoC), and establishing new businesses.

The Fund has already made notable investments and commitments to top-tier venture capital firms such as Eurazeo, Vertex Ventures Israel, Gobi Partners, and Airbus Ventures. By 2025, Cross Capital plans to commit additional investments to up to five more VCs, potentially resulting in an extensive global portfolio with around 2,000 companies.

Achievements in Investment and Support

The practical outcomes of Cross Capital's initiatives are already evident, with multiple successful matches between business corporations and startups, including instances where unicorn companies have entered commercial contracts with corporate LPs, demonstrating real strategic returns. Furthermore, there have been existing exit successes from investee funds, notably with the acquisition of the multilingual AI agent company Cognigy by NiCE, marking a significant exit in the European AI sector.

Insights from Tokyu Land Corporation's Executive Officer

According to Executive Officer Yasumichi of Tokyu Land Corporation, utilizing Cross Capital's Fund of Funds framework for open innovation allows the company to efficiently access a substantial number of exceptional global startups and receive robust hands-on support toward the realization of investments and collaborations. Despite being an