GLOBIS Capital Partners (GCP), a Japanese venture capital firm, has announced the $534 million final closing of its Fund VII.
GCP also established a new office this month in San Francisco to enhance support for the international growth of its portfolio companies.
In a statement on Tuesday, GCP claimed that Fund VII is its biggest fund to date.
It aims to create unicorn and decacorn companies that enter new domestic markets with a maximum investment of 10 billion yen ($73.48 million) per company.
This fund focuses on funding startups that aim to modernize significant Japanese industries with potential for global expansion.
GCP has consistently concentrated on delivering value to startups through active investment since its founding in 1996. Capital, organizational management, professional networks, and human resources are all included in this.
Fund VII will continue to follow GCP’s “first to last” investment strategy, which makes use of the GLOBIS Group’s domestic and global networks to offer assistance from the seed stage.
G-STARTUP, GCP X, and global expansion are the three main focuses of GCP’s value-driven mission.
G-STARTUP is an accelerator for businesses in the seed stage. It offers mentoring from active venture capitalists as well as lectures from successful business owners and venture specialists.
G-STARTUP has had six batches since its start in 2019 and has assisted 173 businesses.
As a specialized management support team for organizational development and hiring CXO-layer executives, GCP X was established in 2020.
GLOBIS USA, GLOBIS’s regional affiliate serving the Americas, will share the new San Francisco office space, which is housed in the same building as SmartNews.
GCP will use the area to accelerate the internationalization of its portfolio companies.
GCP was established to offer total support in terms of people (human resources), capital (funds), and knowledge (management expertise).
Yoshito Hori, the company’s founder, thinks that these components are crucial for businesses during both the foundation and growth phases.
GCP has so far started seven funds, made investments in 200 businesses, and has over $1.8 billion in total assets under management.
GLOBIS has promoted a vision to build and innovate societies by fostering management ecosystems of people, capital, and knowledge ever since its founding in 1992.
Today, the business engages in a variety of venture capital, higher education, and corporate training-related activities.
Additionally, GLOBIS is the non-profit organization that runs the G1 Institute and the KIBOW Foundation, both of which encourage innovation and creativity in society.
In Japan, Shanghai, Singapore, Thailand, the United States, and Europe, the GLOBIS MBA and corporate training programs are accessible online and in person.
