Sony Ventures Corporation, the Tokyo, Japan-based wholly owned subsidiary of Sony Group Corporation (Sony Group), closed “Sony Innovation Fund 3 L.P.” (SIF3), with total of 26.5 billion yen.
The closing brings the total Assets Under Management (AUM) to over 60 billion yen.
Sony Group and SVC will continue to support the business growth of their portfolio companies by actively utilizing resources within Sony Group, while promoting activities aimed at maximizing the performance of the Fund.
Sony Group has long participated in the global ecosystem for creating new businesses and supported the business growth of innovative venture-backed companies. Through the establishment of Sony Innovation Fund (established 2016); Sony Innovation Fund by IGV (2019), a joint venture with Daiwa Capital Holdings Co., Ltd.; Sony Innovation Fund: Environment (2020), which supports companies that tackle global environment issues, and the “Sony Innovation Fund 3 L.P.” (SIF3), (2022), Sony Group’s dedicated investment team has accumulated experience and a track record of managing startups around the globe.
FinSMEs
20/01/2023