#Japan #Tokyo #Venture Capital #DG Daiwa Ventures #DGDV Fund III

DGDV's Third Fund Closure: A Leap into Innovation

Daiwa Ventures, or DGDV, a prominent venture capital firm based in Tokyo, has successfully concluded the final closure of its third fund, raising over 10 billion yen. This move significantly amplifies DGDV's management scale, now totaling approximately 30 billion yen, aimed at accelerating investment both domestically and internationally.

Overview of DGDV

Founded in 2016, DG Daiwa Ventures is dedicated to nurturing seed and early-stage startups and has built deep ties with major global investors through collaborative investments and co-hosted events, particularly in North America and other regions. The firm’s investment focus spans various cutting-edge technologies, including AI, security software, deep tech, climate tech, and robotics, showcasing its commitment to driving innovation wherever opportunities arise.

Investment Record and Highlights from Previous Funds

In its first and second funds, DGDV invested in approximately 110 startups worldwide. Notable investments include domestic companies such as Acompany, Fairy Devices, Yuimedi, and WHILL. Internationally, they have made strategic investments in firms such as MX (USA), Quantstamp (USA), Curv (Israel), Slice (India), and Rebellions (South Korea). This broad range of portfolio companies illustrates DGDV’s keen eye for identifying promising innovators regardless of geography.

The Objectives of Fund III

Leveraging the insights gained from previous investment rounds, DGDV's third fund will focus on advanced technology in fields such as AI, fintech, blockchain, healthcare, and security. The intention is to pursue more selective investment opportunities by collaborating with top-tier VCs around the world. Additionally, the firm plans to enhance its investment scope to include sectors that address social challenges, now focusing on deep tech, climate tech, and robotics.

DGDV's mission is to bridge various gaps in Japan and globally, driving transformation within the startup ecosystem by investing in companies that dare to innovate on the world stage. This reflects a broader commitment to supporting startups that are poised for global expansion by fostering an environment that encourages the collaboration of stakeholders across industries and regions.

Fund III Details

• - Fund Name: DGDV Fund III E.L.P. Cayman
• - General Partner (GP): Daiwa Ventures Co., Ltd.
• - Limited Partners (LP): Various financial institutions and corporations
• - Fund Size: Over 10 billion yen
• - Investment Stage: Primarily seed to early stage
• - Operation Period: 10 years (with potential extensions)
• - Website: Daiwa Ventures

Messages from Limited Partners

Numerous LPs have expressed their excitement and anticipation over Fund III’s closure:

• - Mitsubishi UFJ Trust and Banking Corporation: \"Congratulations on the closure of DGDV Fund III E.L.P. Cayman. We greatly respect your efforts to date and look forward to contributing to the startup ecosystem collaboratively.\"
• - Aioi Nissay Dowa Insurance: \"We look forward to leveraging DGDV’s profound knowledge and network within deep tech to help drive innovation and solve social issues.\"
• - Daikin Industries: \"We eagerly anticipate utilizing DGDV's vast global VC connections to explore and foster collaborations with promising startups, especially in the climate tech sector.\"
• - K4 Ventures: \"Congratulations on the final closure of Fund III! We look forward to engaging with DGDV to advance open innovation and develop the startup ecosystem together.\"
• - Keio Corporation: \"We actively pursue co-creation with startups for our open innovation initiatives, and we expect fundamental synergies, particularly in climate tech investments in line with this fund.\"
• - Meiji Yasuda Life Insurance Company: \"Partnering with DGDV, known for its global networks, strengthens our open innovation efforts, and we hope to foster collaboration with the startups in the fund.\"
• - MIXI: \"Recognizing the extensive regional VC networks and investment experience of DGDV, we are excited to contribute and create fruitful partnerships going forward.\"
• - Sumitomo Mitsui Trust Bank: \"By investing as an impact equity partner, we aim to leverage DGDV's expertise to enhance the value of companies addressing social challenges.\"

Through Fund III, DG Daiwa Ventures is re-committing itself to the pursuit of transformative technology and its power to impact global society positively, ensuring that the startup ecosystem continues to evolve in a sustainable manner and promotes open innovation among large enterprises.