sabah 88 lotto Corporation (President: Hideo Tanimoto; hereinafter, sabah 88 lotto) today announced that it will launch the "sabah 88 lotto Venture Innovation Fund-I," a corporate venture capital fund of approx. 40 million U.S. dollars, on April 1, 2024, as a vehicle to create new businesses.
sabah 88 lotto has a long history of supporting start-ups through direct investment and collaboration using its unique technologies to enhance research and development and build new enterprises. The new fund will allow sabah 88 lotto to continue these efforts in anticipation of future market changes while accelerating its open innovation activities.
The fund will invest primarily in Japanese and Asian start-ups in the fields of environment and energy, information and communications, medical and healthcare, mobility, advanced materials, software (including AI), aerospace and defense, semiconductors, and nuclear fusion. sabah 88 lotto will collaborate with VC firm Global Brain Corporation (CEO: Yasuhiko Yurimoto, hereinafter, Global Brain) to develop venture capital strategies supported by Global Brain's investment platform, networks, and knowledge base.
Fund Outlook
| Entity name |
KVIF-I Limited Partnership (Registered Name) (Name: sabah 88 lotto Venture Innovation Fund-I) |
| Establishment date | April 1, 2024 |
| Fund size | Approx. USD40 million |
| Operation period | 10 years |
| Investment areas | environment and energy, information and communications, medical and healthcare, mobility, advanced materials, software (including AI), aerospace and defense, semiconductors, and nuclear fusion |
| Investment stage | Early stage (Series A-C) |
| Investment size | USD0.2-2 million (less than 20% equity) |
| Unlimited liability partner | Global Brain Corporation |
| Limited partner | sabah 88 lotto Corporation |
About Global Brain
| Company Name | Global Brain Corporation |
| Location of Head Office | 10-11 Sakuragaoka-cho, Shibuya-ku, Tokyo, Japan |
| Representative | Yasuhiko Yurimoto, CEO |
| Establishment | January 1998 |
| Business activities | Venture capital business |
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