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KURONEKO Innovation Fund operates as a corporate venture capital (CVC) fund, strategically investing in startups to foster innovation and bolster the business capabilities of the Yamato Group. Its core activities involve capital deployment into promising ventures, fostering collaborative partnerships, and actively developing new business opportunities. The fund specifically targets innovations in logistics and supply chain technologies, integrating them to enhance existing operations and drive future growth within the broader group ecosystem.
The fund's inception, as the KURONEKO Innovation Fund L.P., dates back to April 2020, formed through a partnership between Yamato Holdings Co., Ltd. as the limited partner and Global Brain Corporation as the unlimited liability partner. This collaboration was born from the strategic insight that open innovation and external technological advancements are crucial for sustained leadership in the rapidly evolving logistics sector, compelling the establishment of a dedicated vehicle to scout and integrate such progress.
The fund primarily seeks out startups possessing innovative technologies and business models poised to transform the future of logistics and supply chain management, particularly those amenable to collaboration with the Yamato Group. Its long-term vision is to contribute to a prosperous society by accelerating new business development and driving continuous innovation across the Yamato Group, ensuring its enduring relevance in a dynamic global economy.
KURONEKO Innovation Fund has 17 tracked investments across 12 companies. The latest tracked deal is $861.0M Series A in Free Standard in March 2026.