July 05, 2022
Global Brain partners with Mitsui Chemicals on its corporate venture capital fund “321FORCE™ Global Innovation Fund L.P.”
Global Brain Corporation (Global Brain) and Mitsui Chemicals, Inc. (Mitsui Chemicals) have jointly established “321FORCE™ Global Innovation Fund L.P” (321FORCE™).
Mitsui Chemicals has already been investing in startup companies and venture capital firms as part of its efforts to create new businesses and products. With the recent establishment of 321FORCE™, Mitsui Chemicals will endeavor to further ramp up its sourcing of themes that fit with company strategy, as well as its investment in startups. Fields for investment are set to span not only those where Mitsui Chemicals can make use of its assets and resources — including the likes of life & healthcare, mobility, ICT, carbon neutrality, digital transformation, smart cities and universe — but also markets and technologies that hold significant potential for future growth.
What is more, Mitsui Chemicals will leverage the activities of 321FORCE™ to match ideas originating in-house with the technologies and businesses of startup companies; improve the accessibility of advanced information; and build a company-wide intelligent platform aimed at having the whole of Mitsui Chemicals come together in the creation of new businesses. Aims through all this are to work toward building solutions-based business models, which represent part of the company’s Basic Strategy for VISION 2030.
As General Partner of 321FORCE™, Global Brain will find promising startups and conduct due diligence for investment decisions. Furthermore, Global Brain will provide portfolio startups with hands-on support to co-create successful businesses and companies.
About Mitsui Chemicals
- Name
- Mitsui Chemicals, Inc.
- Location
- 1-5-2 Minato-ku, Tokyo, Japan
- Representative
- Osamu Hashimoto
- Founded
- October 1997（Established in July 1955）
- Capital
- JPY 125,414 million
- Business Groups
- Life & Healthcare Solutions, Mobility Solutions, ICT Solutions, Basic & Green Materials
About 321FORCE™
- Name
- 321FORCE™ Global Innovation Fund L.P.
- Fund Size
- JPY 5 billion
- Fund Term
- 10 years
- Investment Target
- Industrial sectors including life & healthcare, mobility, ICT, carbon neutrality, digital transformation, smart cities and universe
- General Partner
- Global Brain Corporation
- Limited Partner
- Mitsui Chemicals, Inc.
About Global Brain
- Location
- Tokyo, Japan
- Representative
- Yasuhiko Yurimoto
- Founded
- January 1998