TGVP Completes Final Closing of TGVP Fund I

TGVP Completes Final Closing of TGVP Fund I

TGVP Fund I, LP closes with a total of approximately US$52 million aimed at accelerating venture capital investment focused on digital transformation and sustainability in the US.

TGVP launched Fund I in June 2022 to accelerate business development centered on investment outside Japan. TGVP’s base of operations in Silicon Valley has been strengthened by a team that brings together partners with more than 20 years of investment experience and experts in various fields from TOPPAN Holdings. With a focus on North America, the company has advanced investment and business development prioritizing the areas of DX and SX by working with innovative startups with the technologies to develop new eco-friendly services and products.

TOPPAN Holdings Inc. has decided to make an additional investment as a limited partner (LP) in TGVP Fund I, LP (Fund I), which is managed by TGVP, a TOPPAN Holdings subsidiary. In the additional closing for Fund I, the participation of Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services (JICT) was confirmed, bringing the total size of the fund to approximately US$52 million as of the end of March this year.

TOPPAN Holdings has invested in or formed alliances with more than 60 promising startups in and outside Japan since 2016. The company is advancing its business in collaboration with such startups to achieve its medium-term plan, which sets out a vision of becoming a leading provider of solutions to social issues worldwide through digital transformation (DX) and sustainable transformation (SX).

Fund Corporation for the Overseas Development of Japan’s ICT and Postal Services Inc.(JICT) was established in November of 2015 to support overseas advancement of Japanese business operators in the fields of telecommunications, broadcasting, and postal services, by providing risk capital and other resources. JICT is operated by talented people in the private sector with diverse experience in fields such as investment, technology and management. JICT will continue to support the overseas business advancement of Japanese business operators in the telecommunications, broadcasting, and postal fields through various projects.

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・Ministry of Internal Affairs and Communications press release: Approval of JICT’s Decision on Support Business
・JICT press release: JICT Decides to Support Overseas Development of Japanese and Foreign-affiliated ICT Startups through LP Investment