A venture capital arm of global investment manager GLP has raised an initial JPY12.9bn (鈧�90m) for its maiden fund to invest in start-ups in Japan鈥檚 logistics and real estate ecosystem.
Monoful Venture Partners (MVP) has received the capital commitments for Monoful Venture Partners I, a fund seeking to invest in growth-stage companies that contribute to the ecosystem.
Yoshiyuki Chosa, president and CEO of GLP Japan, said: 鈥淭he logistics industry is continuing to evolve and modernise to support a changing workforce and new logistics transportation regulations. Together with our partners, we aim to build a new-age logistics ecosystem through digitisation to increase labour efficiency and improve operating workflow.鈥�
MVP, which was set up this year, specialises in investments in sectors that can support the logistics and real estate ecosystem in Japan, including robotics and artificial intelligence, fintech, and e-commerce with a focus on technology and digital transformation solutions.
GLP said MVP has so far invested in five portfolio companies.
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