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Venture Capital
abies.vc

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Investments

17

Funds

1

About Abies Ventures

Abies Ventures, a member of the Mistletoe community, is a DeepTechp-focused venture capital firm that aims to discover startups in the following sectors: AI, robotics, and IoT; advanced information processing technology and semiconductors; biotechnology and healthcare; and materials, chemistry, and batteries.

Abies Ventures Headquarter Location

Landwork Aoyama Building 2F 2 Chome-7-26 Kitaaoyama, Minato-ku

Tokyo, 107-0061,

Japan

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Latest Abies Ventures News

Moi, Japanese startup behind mobile streaming app TwitCasting, files for IPO

Apr 11, 2022

Mizuho Capital Of these, aSTART, Jafco Group, Abies Ventures, Mori and Last, and SBI Group (formerly as SBI Investment) have participated in previous rounds. Synspective CEO Motoyuki Arai Image credit: Masaru Ikeda Synspective was founded in February of 2018 by CEO Motoyuki Arai and co-founder/managing director Seiko Shirasaka (Shirasaka is a professor at System Design and Management, Keio University). Arai was previously working for an American accounting firm while attending the University of Tokyo where he obtained a PhD for Technology Management for Innovation. Subsequently, he was involved in assisting Saudi Arabia to implement renewable energy systems as well as working with the Japanese Ministry of Economy, Trade, and Industry to help Japanese companies expand into this region. Synspective is building a constellation system for earth observation mini-satellites employing SAR and integrates SAR data with a variety of ground truth data. Using machine learning and other engineering techniques, the startup extracts meaning and context from the data to provide solutions to meet clients’ problems. In September of 2020, the conpany launched “Land Displacement Monitoring ,” which enables millimeter-scale ground deformation monitoring over wide areas based on image analysis of SAR satellites. The company says the latest funding allows them to further accelerate the construction of its constellation of 30 SAR satellites and its data analysis technology. Startups in this vertical, particularly in Japan, include SAR satellite developers such as iQPS and Sigma-SAR . The former closed its Series B round in February with 4.9 billion yen (about $40 million US) in funding, which brought their cumulative sum of funding up to 8.25 billion yen (about $67 million US). Tokyo-based LifeHub , the Japanese startup developing a chair-type mobility that can stretch its legs to move in bipedal motion like human, announced on Tuesday that it has secured 100 million yen (about $870,000) from CyberAgent Capital and Incubate Fund in a seed round. This follows their previous pre-seed round securing 30 million yen (about $260,000) from Incubate Fund. LifeHub was launched back in 2021 by three founders. Having been fascinated with building robots since he was a child, CEO Hiroshi Nakano studied robotics and drones at university, and later worked at one of the world’s largestcomputer-aided engineering vendor where he was involved in mobility development and research. CTO Kazuhiro Nomiya designs and develops biomechanics and artificial muscles while CSO Yasuhiro Arakawa specializes in control systems and autonomous driving. The company advocates human augmentation. Unlike conventional wheelchairs, Transella, their flagship product, is able to crouch, stand up, climb over steps, and ride escalators. The mobility is mainly comprised of parts made in Japan which excels in miniaturization technology. It can solve the problems of conventional wheelchairs because of its extended mobility of not only horizontal but also vertical range of movement. The conceptual image of Transella Image credit: LifeHub Toru Akaura, one of the representative partner at Incubate Fund, decided to invest in the mobility startup’s first funding round (pre-seed round). He says, I couldn’t believe it when I heard a lot of ideas from Nakano-san for the first time. But he passionately said “We can do it,” so I bet 30 million yen on them. And his team created the half-size prototype. I’m very much in love with their ability to make things happen. Hirofumi Kondo, President and CEO of CyberAgent Capital participating in the latest round, first met LifeHub’s Nakano last year at Incubate Camp, an annual entrepreneurship bootcamp program organized by Incubate Fund. In the event, Kondo mentored Nakano and then won the third place of the Capitalist Award which lets entrepreneurs evaluate capitalists as mentors. Kondo says, Still in a seed round, so we decided our investment based on not only technical or business advantage but also on his personal character. We can help make their business global. Kondo introducing LifeHub’s Nakano as mentors at Incubate Camp 14th. Image credit: Masaru Ikeda LifeHub is not the first robotics startup aiming to assist people’s movements, but many of conventional solutions are not suitable for daily use due to cumbersome wearing or installation process. Because of its shape, the mobility device can be used by anyone by simply sitting down to move even on stairs, steep slopes, and rough roads, so it must have a huge need all over the world. The company plans to use the funds to develop a full-scale model of the product by this spring but the global semiconductor shortage may impact their schedule or force them to push it back. The company is about to set its business model, likely starting with a high-function wheelchair for the elderly and physically challenged. In the future, they are aiming to make it used for climbing stairs, autonomous driving, sharing mobility services for business-to-business use as well as global business expansion. For now, the company plans to offer a unit of the wheelchair for 1.5 million yen (about $13,000) for purchase, or 10,000 yen (about $86) per month on a subscription basis for nursing care, but the price may vary greatly as they have completed no full-scale prototype yet. Nakano delivers his pitch at Incubate Camp 14th. Image credit: Masaru Ikeda We’ve seen more than a few startups developing smart wheelchairs, mobility devices, and robots for transportation, but LifeHub’s mobility clearly takes a different approach in terms of moving like a vehicle as well as human bipedal movement. Based on the potential of the technology and the business, Akaura and Kondo praised Nakano, saying that he might be “Elon Mask from Japan”. Akaura concluded our conversation with saying, This will be a world-class product. I believe that Nakano has the potential to lead the world from Japan. Related news Singapore-based Next Web Capital (NeW) announced on Tuesday that it has secured $10 million in funding from WiL (World Innovation Lab) and crypto exchange Bitbank in addition to the launch of an accelerator aiming to support entrepreneurs in the Web3 and crypto space. The firm supports global Web3.0 protocols, aiming to co-create new projects with entrepreneurs from Japan. The firm was founded by seven Japanese entrepreneurs – Sota Watanabe (CEO, Stake Technologies / Founder, Astar Network ), Shun Ishikawa (COO, Astar Network), Kei Seki (Fund Manager, Astar Network), Yudai Suzuki (Co-founder, Fracton Ventures ), Toshihiko Kamei (Co-founder, Fracton Ventures), Naoki Akazawa (Co-founder, Fracton Ventures), and Yusuke Obinata ( Web3 Foundation ). NeW plans to support entrepreneurs starting their business in the new ecosystem based on cryptos and blockchain. Specifically speaking, the firm provides mentoring by its founders and other members, share their experience in addition to offering financial support by actively participating in the DAO (decentralized autonomous organization) and other ecosystems. Founders of New Web Capital They also plan to use SAFT (Simple Agreement for Future Tokens) to raise funds for participating entrepreneurs. Expressing his expectations, Masaya Kubota, Partner at WiL, says, In encouraging more and more Japanese startups to expand into the global market, I am glad that such young and talented members have joined forces. We want to push them and hope that they will become role models and create a new image of entrepreneurs in the Web3 world. Toshihiko Kamei, one of the co-founder of NeW, says For entrepreneurs, especially in the Web3 and crypto space, it’s important to start their business globally from Day 1. Seeing global projects by Japanese entrepreneurs such as Astar Network, UXD Protocol and InsureDAO, more and moe Japanese entrepreneurs are taking on global challenges but the the number of them is still limited. While technologies, domains, and regulations in each country are changing at a rapid pace, Web 3.0 entrepreneurs are blazing new trails. Our intention to encourage more entrepreneurs from Japan has led us this initiative. The seven of us expect to become role models for Web 3.0 entrepreneurs by being at the forefront of the world ourselves, and also doing our best to support them so that they can become the next role models for entrepreneurs who are willing to take on the world. It is yet to be decided whether NeW will hold an event-driven acceleration program like more than a few existing accelerators have been doing. If you are interested in joining the program, you should directly contact anyone of the founders or e-mail them through their website. Related news

Abies Ventures Investments

17 Investments

Abies Ventures has made 17 investments. Their latest investment was in Synspective as part of their Series B on March 3, 2022.

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Abies Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/29/2022

Series B

Synspective

No

3

2/22/2022

Series B

Kins

Yes

2

10/4/2021

Series A - V

ModuleQ

$3.86M

Yes

1

4/8/2021

Seed VC

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$99M

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10

4/5/2021

Series A

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$99M

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10

Date

3/29/2022

2/22/2022

10/4/2021

4/8/2021

4/5/2021

Round

Series B

Series B

Series A - V

Seed VC

Series A

Company

Synspective

Kins

ModuleQ

Subscribe to see more

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Amount

$3.86M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

2

1

10

10

Abies Ventures Fund History

1 Fund History

Abies Ventures has 1 fund, including Abies Ventures Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/24/2018

Abies Ventures Fund I

Early-Stage Venture Capital

Open

2

Closing Date

7/24/2018

Fund

Abies Ventures Fund I

Fund Type

Early-Stage Venture Capital

Status

Open

Amount

Sources

2

Abies Ventures Team

1 Team Member

Abies Ventures has 1 team member, including current Managing Partner, Fuyuki Yamaguchi.

Name

Work History

Title

Status

Fuyuki Yamaguchi

Managing Partner

Current

Name

Fuyuki Yamaguchi

Work History

Title

Managing Partner

Status

Current

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