SIP Global Partners Raises $75M in First Close of $150M Debut Fund

SIP Global Partners (SIP), a US-Japan based venture capital firm, held the first close of $75M of commitments for its debut fund, targeting $150M in total commitments.

SIP invests in breakout early-stage US technology companies and supports their expansion across Asia, starting with Japan, across three key themes:

  • Creativity (AR/XR, Synthetic media, Web-based platforms),
  • Productivity (AI/ML, Edge Computing/IoT, Semiconductors) and
  • Safety (Digital health, Information security).

To date, SIP has made five investments for its debut fund. The portfolio includes:

  • Fable, a web-based, full-stack motion design tool;
  • Croquet, an ultra- low latency, collaboration platform;
  • Tilt Five, an AR platform set to revolutionize gaming;
  • Parallel Wireless, a next-generation O-RAN technology company; and
  • KINETIC, an industrial IoT technology focused on workplace safety and productivity.

SIP was launched by:

  • Shigeki Saitoh (Tokyo) brings a long track record of growing US technology companies in Japan, including involvement with Netscape’s, Amazon’s, Infoseek’s and Charles Schwab’s market entry. He has also led innovative Japanese tech companies, including Digital Garage (Representative Director), and incubated Kakaku.com. He was formerly the director of the Japan Venture Capital Association.
  • Justin Turkat (Tokyo) has helped lead investments in high profile Japanese technology companies, including Royal Gate (Board Member, acquired by Daiwa House Group) and iSpace (the largest Series A round in Japan’s history at time of investment). He has also driven Japan market entry for US startups (including Flashpoint and GlassView).
  • Jeffrey Smith (Boston) has been a CEO and principal of 12+ public and private technology companies across the US, EU and Asia. Notable exits include GENSYM and Flight Landata (acquired by KEYW Corp.).
  • Matthew Salloway (NY, GCC) has served as the CEO of a top-tier global family office for five years and led direct and fund investments in venture capital, often with a strategic market expansion focus into the Middle East.

FinSMEs

11/03/2021

SIP Global Partners invests in transformative US technology startups poised for large scale growth in Asia. SIP leverages its dual-headquarters in the US and Japan, its principals’ 40-year history of building global companies and unique market access to accelerate growth for portfolio companies in Asia, including Japan, ASEAN and the GCC. For more information, visit .

Press Contact: Mia Carbonell, mia@sipgp.com