What is the Purpose of CVC's LP Investment?

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Many Corporate Venture Capital (CVC) firms make LP investments in VC funds with the goal of acquiring startup investment information and generating investment returns. According to a survey by FIRST CVC, the most common reason for LP investment is to "increase the pipeline of startup investments," followed by "building a network."

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The "pipeline" mentioned here refers to the provision of startup information and matching with investment targets by VCs to LP investors. Especially for newly established CVCs, which may face challenges in sourcing investments, various introductions and information sharing become valuable.

This is also referred to as "LP services," and the services provided by VCs vary. Some VCs may simply send a list of investment targets once a month, while others send a list of potential candidates for consideration. Some VCs also accept secondments, so it is essential to confirm the specifics when considering LP investments.

The second purpose, "network building," refers to opportunities for networking between VCs and CVCs. There will be more networking opportunities between LP investors, and VCs will naturally have more communication with each other as they recognize that certain companies are investing in startups.

What Are the Funds Targeted for CVC's LP Investment?

Below is a list of 58 VCs, including information on their investment areas and track records. Those considering fundraising from VCs may find this information helpful. You can also download the VC list from the link below, so please make use of it.

Download the VC list

However, the characteristics of the funds managed by each VC are often difficult to understand, and many companies may be unsure which VC to partner with.

FIRST CVC operates a community with 400 CVCs and offers various services to both CVCs and startups. We also provide support for selecting the most suitable LP investment targets, so feel free to contact us.

   
• Click here for details on services for CVCs

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VC List

• JAFCO Group Inc.
  Investment Policy & Features: JAFCO Group Inc. makes venture investments in high-growth seed and early-stage companies and continuously invests several hundred million yen based on the growth stage and circumstances of the company. In addition, based on its venture capital DNA, it also makes buyout investments in a wide range of cases.
  Details Link
• Japan Venture Capital Co., Ltd.
  Investment Policy & Features: Japan Venture Capital Co., Ltd. focuses on IT, medical biotech, and environmental energy as its priority sectors and invests in a wide range of industries. Its investment policy emphasizes collaboration with startups and close ties with academia for entrepreneur education and business support.
  Details Link
• SBI Investment Co., Ltd.
  Investment Policy & Features: SBI Investment focuses on AI and blockchain as its primary investment fields and has invested in many promising domestic and international ventures.
  Details Link
• East Ventures Co., Ltd.
  Investment Policy & Features: East Ventures has a unique approach to evaluating and investing in potential startups. Previously, it used "3P" (People, Product, Potential Market), but now it uses "2P" (People, Potential Market) for investment evaluation. In growth-stage investments, the focus is on traction. This philosophy allows East Ventures to make rapid investment decisions, often completing deals within 24-48 hours.
  Details Link
• Global Brain Corporation
  Investment Policy & Features: Global Brain supports startups in a wide range of fields from IT to DeepTech, cutting-edge technologies, and business models that aim to solve social issues. Investment areas include AI, climate technology, healthcare, enterprise, and commerce.
  Details Link
• Nissay Capital Co., Ltd.
  Investment Policy & Features: Nissay Capital Co., Ltd. invests in a wide range of fields, including deep tech, with a focus on supporting long-term growth. It particularly emphasizes investments in companies contributing to the realization of a sustainable society.
  Details Link
• Mizuho Capital Co., Ltd.
  Investment Policy & Features: Mizuho Capital operates funds specialized in various sectors, including life sciences, and makes investments based on the growth stage. The focus is particularly on drug discovery, biotech, nucleic acid/genetic therapies, regenerative medicine, and medical devices.
  Details Link
• Mitsubishi UFJ Capital Co., Ltd.
  Investment Policy & Features: Mitsubishi UFJ Capital invests in high-growth venture companies with the goal of supporting their growth.
  Details Link
• SMBC Venture Capital Co., Ltd.
  Investment Policy & Features: SMBC Venture Capital provides seamless support tailored to the growth stage of companies, with a long-term investment perspective.
  Details Link
• Mitsui Sumitomo Kaijo Capital Co., Ltd.
  Investment Policy & Features: Mitsui Sumitomo Kaijo Capital Co., Ltd. invests in promising domestic and international startups and investment funds with the potential for future public listings.
  Details Link
• DBJ Capital Co., Ltd.
  Investment Policy & Features: DBJ Capital Co., Ltd. focuses on long-term investment across all stages of growth, with an emphasis on new investments in the seed/early stages, while actively pursuing additional investments in the middle/late stages. It leverages DBJ Group's deep knowledge and industry network to accelerate the business growth of startups.
  Details Link
• FFG Venture Business Partners Co., Ltd.
  Investment Policy & Features: FFG Venture Business Partners invests in regional growth, creation and nurturing of university-based ventures, and business co-creation with FFG, mainly in the Kyushu region.
  Details Link
• JIC Venture Growth Investments Co., Ltd.
  Investment Policy & Features: JIC Venture Growth Investments Co., Ltd. promotes innovation by supporting the growth of startups aiming to solve industrial and social issues. It aims to build a startup ecosystem in growth sectors and strengthen industrial competitiveness.
  Details Link
• Shinsei Corporate Investment Co., Ltd.
  Investment Policy & Features: Shinsei Corporate Investment Co., Ltd. focuses on venture and buyout investments, conducting disciplined due diligence and making rational, fast investment decisions. It also actively participates in minority investments in pre-IPO rounds for unlisted companies and jointly creates funds with external partners.
  Details Link
• Daiwa Corporate Investment Co., Ltd.
  Investment Policy & Features: Daiwa Corporate Investment Co., Ltd. aims to contribute to the creation and revitalization of industries and the realization of a vibrant and sustainable economic society. It acts as a bridge between the needs of entrepreneurs and investors, seeking to enhance both parties' benefits and societal recognition.
  Details Link
• Ignition Point Venture Partners Co., Ltd.
  Investment Policy & Features: Ignition Point Venture Partners Co., Ltd. invests in fields with strong public and social significance, aiming to leave a valuable societal foundation for the next generation. It defines its own future vision and supports the growth of services, technologies, and business models that closely align with that vision.
  Details Link
• DG Daiwa Ventures Inc.
  Investment Policy & Features: DG Daiwa Ventures Inc. focuses on investing in startups with innovative business models and technologies.
  Details Link
• i-nest capital Co., Ltd.
  Investment Policy & Features: i-nest capital Co., Ltd. supports a wide range of venture businesses focused on new industries and solving social issues, particularly in the entertainment & lifestyle sectors.
  Details Link
• ANRI Inc.
  Investment Policy & Features: ANRI primarily invests in early-stage companies.
  Details Link
• Incubate Fund Co., Ltd.
  Investment Policy & Features: Incubate Fund's motto is "Zero to Impact," aiming to maximize the growth speed of startups. It specializes in early-stage startups and provides support in both capital and human resources.
  Details Link
• Globis Capital Partners Inc.
  Investment Policy & Features: Globis Capital Partners follows a "First to Last" investment policy, investing in companies at various stages from seed to later stages. The firm emphasizes value-added investment, providing not only capital but also management know-how, networks, and talent.
  Details Link
• ANOBAKA Inc.
  Investment Policy & Features: ANOBAKA operates a VC fund focused on seed-stage internet companies. It invests in a wide range of internet-related startups without being limited to specific sectors.
  Details Link