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
URL
https://globalbrains.com/

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