Pegasus Tech Ventures, a San Jose, Calif.-based venture capital firm, has partnered with Nagasaki, Japan-based television shopping company Japanet Holdings to launch a $50m corporate venture capital fund to invest in innovative startups around the globe.
Led by Akito Takata, President and CEO, Japanet is known for its home shopping services and now is expanding into other business sectors.
The company recently started a new project to build “Stadium City” in Nagasaki, Japan, which will open in 2024. Centered on a sports stadium, the project includes the development of mixed-use facilities such as business offices, retail stores, hotels, and live event arenas. Japanet is also committed to the enrichment of elderly life and to providing educational support for children around the globe.
Through the fund with Pegasus, Japanet aims to create value by funding new ideas and collaborating with startups that develop innovative technologies. The fund plans to invest in Silicon Valley and other parts of North America, as well as in Israel, Europe and Asia.
Led by Anis Uzzaman, Founder and CEO, Pegasus Tech Ventures will deploy its team in Silicon Valley and in 15 other regions around the world to find the best startups and connect them with Japanet and Pegasus’ extensive network of corporate partners.
The firm has established venture investment funds with over 35 global corporations, including Aisin Seiki, Sojitz Corporation, SEGA SAMMY HOLDINGS, Sunny Health, CAC Holdings Corporation, Teijin Limited, Infocom Corporation, Innotech Corporation, and ASUS, among others.