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-CONST 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
URL
https://globalbrains.com/