The University of Tokyo Edge Capital Partners Co., Ltd.
 | |
| |
| Private | |
| ISIN | 🆔 |
| Industry | Venture Capital |
| Founded 📆 | 2004 |
| Founder 👔 | Tomotaka Goji |
| Headquarters 🏙️ | 7-3-1 Hongo, Bunkyo-ku, Tokyo University of Tokyo South Clinical Research Building (Entrepreneur Lab) 3F, Tokyo , Japan |
Area served 🗺️ | Japan, United States, India, Southeast Asia, Europe |
| Products 📟 | Investments |
| Members | |
Number of employees | |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
UTEC - The University of Tokyo Edge Capital Partners - is a Japanese Venture Capital firm associated with academic institutes such as The University of Tokyo[1]. UTEC is headquartered in Tokyo, Japan and mainly invests in Deep tech companies backed by science and technology, and has altogether invested in more than 100 startups in Japan and worldwide.[2] UTEC has an AUM of over $780 million, making it one of Asia’s largest deep tech VC firms.[3] UTEC receives the bulk of its funding from private institutional sources.[4]
History
In April 2004, UTEC was co-founded by the then University of Tokyo management and Tomotaka Goji, a bureaucrat-turned-Venture Capitalist who previously crafted Japan’s Limited Partnership Act (enforced in November 1998) that formed the basis for venture capital funds in Japan.[4][5]
| Round | Year | Amount |
|---|---|---|
| 1st | 2004 | $80 million[6] |
| 2nd | 2009 | $70 million[7] |
| 3rd | 2013 | $140 million[8] |
| 4th | 2018 | $220 million[4] |
| 5th | 2021 | $275 million[3] |
Investments
UTEC invests in seed/early-stage startups in sectors such as Healthcare & Life Sciences, Information Technology (IT), and Physical Sciences & Engineering.[9]
Apart from Japan, UTEC also invests in mostly science-based companies from USA[10], Singapore[11], India[12], UK[13] and other countries. With the launch of its fifth fund, UTEC also launched UFP (UTEC Founders Program), a new initiative to help deep tech founders commercialize their work.[14][15]
Notable exits of UTEC include:
- PeptiDream: a Japanese biotech company that held a market capitalization of over $5 billion as of January 2018[4]
- AI Inside: a Japanese Artificial Intelligence company that held a market capitalization of $2.5 billion as of January 2021[16]
- 908 Devices: a US-based Mass spectrometry company that held a market capitalization of $1.4 billion as of March 2021[17]
- Neural Pocket: a Japanese Artificial Intelligence company that held a market capitalization of $2.5 billion as of January 2021[18]
- Autonomous Control Systems Laboratory (ACSL): a Japanese drone startup that was approved for its IPO by the Tokyo Stock Exchange in November 2018[19]
- Mujin: a Japanese intelligent robot controller company that performed an MBO (management buyout) in February 2019[citation needed]
- Fyusion: a US-based computer vision startup was acquired by automotive corporation Cox Automotive in December 2020[20]
- PopIn: an online ad-tech startup that was spun-out from The University of Tokyo was acquired by Chinese technology behemoth Baidu in May 2015[21]
- GLM: a Kyoto-based automobile chassis platforms company was acquired by Hong Kong-based listed company O Luxe Holdings Limited in July 2017[22]
- Phyzios: a Japanese simulation technology startup was acquired by Google in February 2013
References
- ↑ "University Entrepreneurship and Innovation Ecosystem at the University of Tokyo" (PDF). Japan Forum for Innovation and Technology. Retrieved 2021-08-14.
- ↑ "Entrepreneurship beckons Japan's bright young bureaucrats". NikkeAsia. Retrieved 2013-08-13.
- ↑ 3.0 3.1 "UTEC, one of Asia's largest deep tech investment firms, launches new $275M fund". TechCrunch. Retrieved 2021-08-13.
- ↑ 4.0 4.1 4.2 4.3 "Univ. of Tokyo startups are targets of new $220m tech fund". NikkeiAsia. Retrieved 2021-08-13.
- ↑ "Tomotaka Goji". UTEC. Retrieved 2021-08-13.
- ↑ "About the completion of recruitment of UTEC No. 1 Investment Limited Partnership". UTEC.
- ↑ "About the second deadline of UTEC No. 2 Investment Limited Partnership". UTEC.
- ↑ "About the establishment of UTEC No. 3 Investment Limited Partnership". UTEC.
- ↑ "Company overview" (PDF). UTEC. Retrieved 2021-08-13.
- ↑ "UTEC helps Locix structure funding". globaluniversityventuring. 10 September 2018. Retrieved 2021-08-13.
- ↑ "Japan's UTEC secures first close of fifth global deep tech fund at $275m". DealstreetAsia. Retrieved 2021-08-13.
- ↑ "Blume Ventures – Fund III". UTEC. Retrieved 2021-08-13.
- ↑ "VividQ secures £2.4 million Seed Follow On investment from FluxUnit – OSRAM Ventures, University of Tokyo Edge Capital (UTEC) and existing angel investors". UKTechNews. Retrieved 2021-08-13.
- ↑ "UTEC launches a new initiative to help deep tech founders commercialize their work". TechCrunch. Retrieved 2021-08-13.
- ↑ "UTEC Announces New Over ￥30 Billion Fund, Largest in Japan's Science & Tech VC Fields to Accelerate Support for Startups Targeting Global Market and Solving Issues of Humankind". UTEC. Retrieved 2021-08-13.
- ↑ "Japanese $2.5bn AI startup targets Vietnam after COVID boost". NikkeiAsia. Retrieved 2021-08-13.
- ↑ "How 3 CEOs Turned Their Vision Into a Public Company". INC. 4 March 2021. Retrieved 2021-08-13.
- ↑ "Japanese $2.5bn AI startup targets Vietnam after COVID boost". NikkeiAsia. Retrieved 2021-08-13.
- ↑ "Japanese drone startup ACSL files for IPO". TheBridge. 17 November 2018. Retrieved 2021-08-13.
- ↑ "Cox Automotive Acquires Fyusion, Purchase Deepens Collaboration, Delivers Future Innovations Benefiting Clients". CoxAutoInc. Retrieved 2021-08-13.
- ↑ "Baidu buys Japanese online ad startup". NikkeiAsia. Retrieved 2021-08-13.
- ↑ "MAJOR ACQUISITION IN RELATION TO THE ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL AND OUTSTANDING SHARE OPTIONS IN GLM CO., LTD. INVOLVING THE ISSUE OF CONSIDERATION SHARES" (PDF). Retrieved 2021-08-13.
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