Global Brain Corporation (Global Brain) and Epson X Investment Corporation (EXI) have partnered to launch EP-GB L.P. (Fund) with JPY 5 Billion of committed capital. EXI is a new corporate venture capital (CVC) subsidiary of Seiko Epson Corporation (TSE: 6724, Epson).

Epson group has developed new businesses and new markets that expand the scope of applications. The Fund will serve as a speedy investment platform that leverages Epson Groupʼs valuable assets of core devices, especially its core inkjet devices, and Global Brainʼs strong expertise in startup investment.

The Fund aims to contribute to Epson Groupʼs open innovation, grow existing businesses, create new ones, and also aims to generate financial returns from its investments.

As the General Partner of the Fund, Global Brain aims to find promising startups and conduct due diligence and investment decisions. Furthermore, Global Brain will provide portfolio startups with hands-on support to co-create successful businesses and companies.

About EXI

Name
Epson X Investment Corporation
Address
WeWork Kanda Square, 2-2-1 Kanda-Nishikicho, Chiyoda-ku, Tokyo
Representative
Yasunori Ogawa, Representative Director
Founded
March 16, 2020 (operations beginning April 1, 2020)
Capital
¥100 million
Business operations
Venture investment by operating company, etc.

About EP-GB L.P.

Name
EP-GB L.P.
Fund Term
10 years
Fund Size
5 billion JPY
General Partner
Global Brain Corporation

About Global Brain

Location
Tokyo, Japan
Representative
Yasuhiko Yurimoto
Founded
January, 1998
URL
https://globalbrains.com/