February 08, 2022
Global Brain partners with TOKYU CONSTRUCTION on its corporate venture capital fund “TOKYU-CNST GB Innovation Fund L.P.”
Global Brain Corporation (Global Brain) and TOKYU CONSTRUCTION CO., LTD. (TOKYU CONSTRUCTION) have jointly established “TOKYU-CONST GB Innovation Fund L.P” (TCIF).
While the construction industry is a huge market of JPY 60 trillion in Japan, digital transformation (DX) was one of the opportunities to accelerate. In recent years, the industry is rapidly advancing DX due to changes in the social environment and environmental issues such as carbon neutrality.
TOKYU CONSTRUCTION has a proven track record of actively working to solve social issues with know-how in community development. In the long-term management plan for the next decade, the company set out a policy to transform the construction business and create new businesses through accelerating open innovation in “human resources” and “digital technology” in addition to the three values to be delivered by the company: “decarbonization”, “zero waste”, and “disaster prevention and mitigation.”
TOKYU CONSTRUCTION operates a wide range of businesses including new international, real estate, and agriculture businesses in addition to core businesses that are civil engineering and building construction. Through TCIF, Global Brain and TOKYU CONSTRUCTION will further drive new collaboration and open innovation between TOKYU CONSTRUCTION and startups through investments utilizing the assets and know-how in these business areas.
As General Partner of TCIF, 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 TOKYU CONSTRUCTION
- Name
- TOKYU CONSTRUCTION CO., LTD.
- Address
- 1-16-14, Shibuya, Shibuya-ku, Tokyo
- Representative
- Mitsuhiro Terada
- Founded
- November 1959
- Capital
- JPY 16.3 billion
- Business Operations
- General constructor
About TCIF
- Name
- TOKYU-CNST GB Innovation Fund L.P.
- Fund Size
- JPY 5 billion
- Fund Term
- 10 years
- Investment Target
- Startups with potential for collaboration with TOKYU CONSTRUCTION in areas of the three deliverable values (“decarbonization”, “zero waste”, and “disaster prevention and mitigation”), “human resources,” and “digital technology”
- General Partner
- Global Brain Corporation
- Limited Partner
- TOKYU CONSTRUCTION CO., LTD.
About Global Brain
- Location
- Tokyo, Japan
- Representative
- Yasuhiko Yurimoto
- Founded
- January 1998