SPARX Group to Establish "Mirai Creation Fund III"
Toyota City, Japan, Aug 2, 2021 - (JCN Newswire) - SPARX Group Co., Ltd. ("SPARX") has established the Mirai Creation Fund III ("Fund III").
- Toyota City, Japan, Aug 2, 2021 - (JCN Newswire) - SPARX Group Co., Ltd. ("SPARX") has established the Mirai Creation Fund III ("Fund III").
- The two seed LPs for the Mirai Creation Fund II ("Fund II"), Toyota Motor Corporation ("Toyota") and Sumitomo Mitsui Banking Corporation ("SMBC"), are to participate again as initial investors in Fund III.
- artificial intelligence), Robotics, Technologies for a Hydrogen-Powered Society, Electrification, and New Materials that Fund II (formed in October 2018) focused on, the Mirai Creation Fund III mandate also will include global companies that provide solutions that promote carbon neutrality.
- - With SPARX Asset Management Co., Ltd., a subsidiary of SPARX, acting as Fund III's fund manager and with an initial commitment from Toyota, SMBC, and SPARX totaling approximately YEN15.0 billion, Mirai Creation Fund III investment activities are scheduled to begin from October 2021.