GHOVC Fund I Investment Limited Partnership ("GHOVC Fund I"), the first fund managed by GHOVC, has invested as the lead investor in Paronym, a company that provides interactive video solutions.
GHOVC will continue to support Paronym's growth, especially in its overseas expansion plans, and will provide hands-on management support.
Global Hands-On VC ("GHOVC") has co-led a $20 million financing round in EdgeCortix, a Japan-based edge artificial intelligence (AI) fabless semiconductor development and design company. The investment was made from its first fund, GHOVC Fund I Investment Limited Partnership ("GHOVC Fund I") managed by GHOVC. Funds managed by SBI Investment Corporation (co-lead investor) and Renesas Electronics Corporation also participated in this round. GHOVC will provide not only financial support, it will also provide management support to help accelerate EdgCortix's growth as it expands its business within Japan and globally.
Ken Yasunaga and Shri Dodani were interviewed by Forbes Japan.
In the article we discuss:
The Kishida Administration's "Five-Year Plan for Startup Development" and "Promotion of Globalization"
The GHOVC team's support for companies to go global
Japan's potential as seen by a Silicon Valley Serial Entrepreneur
Our vision for Japan's startup ecosystem
Alternative Capital Investment Limited (President & CEO: Reijiro Samura, Headquarters: Chiyoda-ku, Tokyo, hereinafter "AIC") has made capital commitment to GHOVC Fund I Investment Limited Partnership ("GHOVC Fund I") .
GHOVC Fund I has received approximately 5 billion yen commitment from Sojitz Corporation, Sompo Light Vortex Corporation, and SunBridge Corporation. We will raise money and raise funds.
Ken delivered opening remarks and moderated the panel discussion titled “The possibilities for Japanese startups from the viewpoint of global accelerators”. Panelars included the head of Google Campus Tokyo and SAP.io program and there were practical and constructive discussions about how to bring Japanese startups to go global.
The event was attended by about 100 people, including online participants, and it shows the strong interest in the global expansion for Japanese startups.