Fujitsu Accelerates Investment in Promising Tech Startups with Establishment of 10 Billion Yen Corporate Venture Capital Fund and Management Subsidiary
Tokyo, Japan, March 31, 2021
Fujitsu Limited today announced the establishment of Fujitsu Ventures Fund LLC, a corporate venture capital (CVC) fund totaling 10 billion yen, under the management by the subsidiary Fujitsu Ventures Limited. The new fund will target investments in promising tech companies globally, including in Japan, the US, Europe, and Israel, and represents a key tool in a growth investment strategy to drive innovation and accelerate digital transformation (DX).
Following the establishment of Fujitsu’s first CVC fund in 2006, a second and third fund were subsequently established in 2010 and 2015. With these funds, Fujitsu has made investments in promising startups both in Japan and abroad, to deliver encouraging results. In 2015, Fujitsu additionally initiated its FUJITSU ACCELERATOR program to boost co-creation venture activities. To date, the program has successfully promoted cooperation with more than 100 global startups in the tech space. In 2020, the Strategic Growth & Investment team was established to lead Fujitsu Group’s inorganic activities which include investments into startups.
Partnering with dynamic startups represents an increasingly important priority in today's competitive business environment, serving as an engine for growth through innovation and DX. To this end, Fujitsu will establish a new CVC fund to further enhance the Strategic Growth & Investment team’s startup investment capabilities and to enable more agile investments and further amplify the impact of its growth investment strategy, which remains a central element in its management direction policy. Fujitsu will make investments to bolster the foundation of innovative technologies that underlies DX and to create new business opportunities, by encouraging greater collaboration between start-ups and the company with a deeper involvement in the FUJITSU ACCELERATOR program.
Overview of the CVC Fund
|Name of the fund||Fujitsu Ventures Fund LLC|
|Fund Size||10 billion yen|
|Investors||Fujitsu Limited (99.9%), Fujitsu Ventures Limited (0.1%)|
|Date Established||April 1, 2021|
|Investment period||10 years|
|Investment target||Startups in Japan and overseas working with Fujitsu|
|Investment area||Global (Mainly Japan, USA, Europe, Israel)|
Overview of CVC management subsidiaries
|Company Name||Fujitsu Ventures Limited|
|Representative Director||Hideaki Yajima|
|Capital||50 million yen (100% stake in Fujitsu Limited)|
|Location||9-2, Otemachi 1-chome, Chiyoda-ku, Tokyo
Otemachi Financial City Grand Cube 3rd floor
|Date of Establishment||March 1, 2021 (Project Start Date: April 1, 2021)|
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Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 130,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.9 trillion yen (US$35 billion) for the fiscal year ended March 31, 2020. For more information, please see www.fujitsu.com.
Public and Investor Relations Division
Company: Fujitsu Limited
All company or product names mentioned herein are trademarks or registered trademarks of their respective owners. Information provided in this press release is accurate at time of publication and is subject to change without advance notice.
Date: 31 March, 2021
City: Tokyo, Japan
Company: Fujitsu Limited