Spiral Innovation Partners Jointly Establishes Mori Building Innovation Fund, a CVC Fund of Approximately 10 Billion JPY
Spiral Innovation Partners (SIP), a subsidiary of Spiral Capital Co., Ltd., has jointly established the 'Mori Building Innovation Fund Investment Business Limited Partnership' (hereinafter referred to as the 'Mori Building Innovation Fund'), a CVC fund of approximately 10 billion JPY, with Mori Building Co., Ltd. This fund is SIP's eighth CVC fund, bringing the Spiral Capital Group's cumulative Assets Under Management (AUM) to 93 billion JPY. The fund aims to promote the creation of an innovation ecosystem that supports urban evolution through investment and co-creation with startups.
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Spiral Innovation Partners Co., Ltd. (hereinafter 'SIP'), a subsidiary of Spiral Capital Co., Ltd. (Headquarters: Minato-ku, Tokyo; General Partner & CEO: Tomokazu Okuno), has jointly established the 'Mori Building Innovation Fund Investment Business Limited Partnership' (hereinafter 'Mori Building Innovation Fund'), a CVC fund of approximately 10 billion JPY, with Mori Building Co., Ltd. (Headquarters: Minato-ku, Tokyo; President & CEO: Shingo Tsuji; hereinafter 'Mori Building'), through its subsidiary Spiral Innovation Partners LLP.
This fund is SIP's eighth CVC fund, bringing the Spiral Capital Group's cumulative Assets Under Management (AUM) to 93 billion JPY.
This fund will promote the creation of an innovation ecosystem that supports urban evolution through investment in and co-creation with startup companies.
■ Background and Purpose of Establishment
Through CVC funds, SIP has supported co-creation between large corporations and startups, driving industry transformation and new business creation.
Mori Building has, to date, built a foundation supporting innovation creation within urban areas, guided by the philosophy of 'Creating cities, nurturing cities.'
Moving forward, to further accelerate these initiatives, it is crucial to strengthen engagement with startups tackling social issues and industrial structural change through funding, in addition to providing 'places' and 'mechanisms,' and to build mid-to-long-term relationships with startups.
The Mori Building Innovation Fund has been established with the objective of accelerating the creation of an innovation ecosystem that supports urban evolution by integrating investment and co-creation, combining Mori Building's accumulated urban assets and innovation foundation with SIP's investment and co-creation support expertise.
■ Investment Policy and Focus Areas
The Mori Building Innovation Fund will target domestic and international startup companies that contribute to the creation of an innovation ecosystem supporting urban evolution, not just those focused on growth alone.
Specifically, we will invest in and co-create with startups across a wide range of industries and stages, focusing on the following themes:
Evolution of Urban Infrastructure and Industry
Smart buildings, energy optimization, disaster prevention/resilience, mobility, urban OS, AI, semiconductors, space, robotics, cybersecurity, etc.
Creation of New Value and Experiences in Urban Areas
Entertainment, tourism, food/crafts, luxury, community, media, etc.
Connection of Urban Knowledge, Co-creation, and the Global Sphere
Large enterprise collaboration, cross-industry platforms, commercialization of research outcomes, education, entrepreneurship development, overseas expansion, cross-border co-creation, etc.
■ Co-creation Base Supporting Urban Evolution
The characteristic of the Mori Building Innovation Fund is not limited to financial provision; it aims to integrally promote the growth and social implementation of invested companies by leveraging Mori Building's urban assets and innovation foundation itself.
We will utilize 'towns' such as Roppongi Hills, Azabudai Hills, and Toranomon Hills as venues for implementing cutting-edge technologies and new services, and in conjunction with platforms like ARCH Toranomon Hills, CIC Tokyo, Tokyo Venture Capital Hub, and TOKYO NODE, we will provide co-creation partners, adoption sites, dissemination platforms, and growth opportunities.
Furthermore, by leveraging global networks such as the Japan Innovation Campus, we will connect cutting-edge technologies, entrepreneurs, investors, and research institutions in Japan and overseas, thereby promoting the overseas expansion of Japanese startups and the implementation of overseas technologies within cities.
Additionally, this fund will also engage in the creation of new value that transcends Business×Technology×Culture, evolving cities into stages where new industries, experiences, and cultures are born.
■ Comments
Hiroshi Oka, General Partner, Spiral Innovation Partners Co., Ltd.
'Looking at Tokyo 100 years from now, what is required is not merely the advancement of urban functions, but the establishment of an ecosystem where new industries are continuously born. To achieve this, it is essential to face startups while sharing risks through funding. Through this fund, we will work towards forming an ecosystem that supports urban evolution and contribute to the creation of next-generation industries.'
■ Fund Overview
This fund is SIP's eighth CVC fund, bringing the Spiral Capital Group's cumulative Assets Under Management (AUM) to 93 billion JPY.
This fund will promote the creation of an innovation ecosystem that supports urban evolution through investment in and co-creation with startup companies.
■ Background and Purpose of Establishment
Through CVC funds, SIP has supported co-creation between large corporations and startups, driving industry transformation and new business creation.
Mori Building has, to date, built a foundation supporting innovation creation within urban areas, guided by the philosophy of 'Creating cities, nurturing cities.'
Moving forward, to further accelerate these initiatives, it is crucial to strengthen engagement with startups tackling social issues and industrial structural change through funding, in addition to providing 'places' and 'mechanisms,' and to build mid-to-long-term relationships with startups.
The Mori Building Innovation Fund has been established with the objective of accelerating the creation of an innovation ecosystem that supports urban evolution by integrating investment and co-creation, combining Mori Building's accumulated urban assets and innovation foundation with SIP's investment and co-creation support expertise.
■ Investment Policy and Focus Areas
The Mori Building Innovation Fund will target domestic and international startup companies that contribute to the creation of an innovation ecosystem supporting urban evolution, not just those focused on growth alone.
Specifically, we will invest in and co-create with startups across a wide range of industries and stages, focusing on the following themes:
Evolution of Urban Infrastructure and Industry
Smart buildings, energy optimization, disaster prevention/resilience, mobility, urban OS, AI, semiconductors, space, robotics, cybersecurity, etc.
Creation of New Value and Experiences in Urban Areas
Entertainment, tourism, food/crafts, luxury, community, media, etc.
Connection of Urban Knowledge, Co-creation, and the Global Sphere
Large enterprise collaboration, cross-industry platforms, commercialization of research outcomes, education, entrepreneurship development, overseas expansion, cross-border co-creation, etc.
■ Co-creation Base Supporting Urban Evolution
The characteristic of the Mori Building Innovation Fund is not limited to financial provision; it aims to integrally promote the growth and social implementation of invested companies by leveraging Mori Building's urban assets and innovation foundation itself.
We will utilize 'towns' such as Roppongi Hills, Azabudai Hills, and Toranomon Hills as venues for implementing cutting-edge technologies and new services, and in conjunction with platforms like ARCH Toranomon Hills, CIC Tokyo, Tokyo Venture Capital Hub, and TOKYO NODE, we will provide co-creation partners, adoption sites, dissemination platforms, and growth opportunities.
Furthermore, by leveraging global networks such as the Japan Innovation Campus, we will connect cutting-edge technologies, entrepreneurs, investors, and research institutions in Japan and overseas, thereby promoting the overseas expansion of Japanese startups and the implementation of overseas technologies within cities.
Additionally, this fund will also engage in the creation of new value that transcends Business×Technology×Culture, evolving cities into stages where new industries, experiences, and cultures are born.
■ Comments
Hiroshi Oka, General Partner, Spiral Innovation Partners Co., Ltd.
'Looking at Tokyo 100 years from now, what is required is not merely the advancement of urban functions, but the establishment of an ecosystem where new industries are continuously born. To achieve this, it is essential to face startups while sharing risks through funding. Through this fund, we will work towards forming an ecosystem that supports urban evolution and contribute to the creation of next-generation industries.'
■ Fund Overview