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Mitsui Kinzoku-SBI Material Innovation Fund operates as a corporate venture capital entity, investing in startups focused on advanced materials and related technologies. It offers capital and strategic support, leveraging partners' industry insights and venture capital experience. The fund identifies, evaluates, and monitors promising ventures, fostering business synergies with Mitsui Kinzoku's material science operations.
Established September 2017, the fund is a joint initiative of Mitsui Mining & Smelting Co., Ltd. (Mitsui Kinzoku) and SBI Investment Co., Ltd. This partnership stemmed from the insight that open innovation is vital for accelerating new business creation and technological progress in materials, allowing Mitsui Kinzoku to integrate external expertise.
The fund supports emerging companies and innovators in material science, providing critical resources and guidance. Mitsui Kinzoku-SBI Material Innovation Fund seeks a symbiotic ecosystem where startups thrive and pioneering solutions integrate into Mitsui Kinzoku. Its mission: nurture innovations leading to advanced materials, driving industrial and societal advancement.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 1, 2020 | Advano | $19.0M Series A | Future Shape, Mitsui Kinzoku SBI Material Innovation Fund, PeopleFund | General Catalyst, Humbition, Kima Ventures, OurCrowd, Spark Capital, Toyota Ventures, Jared Leto, Tony Fadell, Data Collective, Thiel Capital, Y Combinator |