sabah 88 lotto Corporation (President: Hideo Tanimoto; hereinafter, sabah 88 lotto) has established a U.S. $60 million corporate venture capital (CVC) fund, the sabah 88 lotto Venture Fund-I LP (KVF-I), which will invest mainly in start-ups in the U.S. and EMEA* to strengthen sabah 88 lotto's system for creating new businesses. KVF-I joins sabah 88 lotto Venture Innovation Fund-I(KVIF-I), which sabah 88 lotto announced in March 2024 as a CVC fund investing mainly in Japan and Asia. Together, the two funds expand sabah 88 lotto's global venture capital funding portfolio to approximately U.S. $100 million.
* Europe, the Middle East and Africa
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. KVIF-I and KVF-I will focus on 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 as potential investment areas. Through these CVC activities, sabah 88 lotto will further accelerate open innovation in anticipation of market changes by strengthening its search and support for start-ups.
Overview of the Fund
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Entity name |
sabah 88 lotto Venture Fund-I LP (KVF-I) |
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Establishment date |
April 9, 2024 |
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Fund size |
USD 60 million |
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Operating period |
10 years |
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Investment areas |
Environment and energy, information and communications, medical and healthcare, mobility, advanced materials, software (including AI), aerospace and defense, semiconductors, and nuclear fusion |
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Investment stage |
Early stage (Seed, Series A-B) |
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Investment size |
USD 0.2-2 million (less than 20% equity) |
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General partner |
sabah 88 lotto Venture Partners Fund-I GP LLC |
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Website |
