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Corporate Venture
dentsu-v.com

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Investments

33

Portfolio Exits

13

Funds

3

About Dentsu Ventures

Dentsu Ventures is a corporate venture capital fund of Dentsu. It focuses on seed and early-stage investments in the U.S.A., Europe, Japan, and Asia.

Dentsu Ventures Headquarter Location

1-8-1, Higashi-shimbashi Minato-ku

Tokyo, 105-7001,

Japan

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Expert Collections containing Dentsu Ventures

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Find Dentsu Ventures in 1 Expert Collection, including Food & Beverage .

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Food & Beverage

123 items

Research containing Dentsu Ventures

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CB Insights Intelligence Analysts have mentioned Dentsu Ventures in 1 CB Insights research brief, most recently on Apr 19, 2022.

Latest Dentsu Ventures News

HRTech startup SmartHR becomes Japan’s 6th unicorn after raising $110M+: Nikkei

May 23, 2021

SmartHR Founder and CEO Shoji Miyata Nikkei reported on Friday Japanese HRTech startup SmartHR has secured about 12.5 billion yen (about $115 million US) in the latest series D round, which brought their valuation up to 170 billion yen ($1.6 billion US) and let them join the Unicorn Club. According to CB Insights , Japan has now five unicorns including Paidy joining the club earlier this year, and SmartHR will be the 6th unicorn for the country. Founded back in 2013 as Kufu, SmartHR automates procedures related to social insurance and unemployment insurance. It was developed to free up managers or human resources representatives from tiresome and time-consuming personnel management. According to the figures as far as we could add up the amounts of funding in the past, the company has apparently secured over $185 million US to date. See also: SHARE: Tokyo- / Kuala Lumpur-based Secai Marche, the Japanese startup behind a shared food supply chain for the Southeast Asian market under the same name, announced on Tuesday that it has secured 150 million yen (about $1.4 million US) from Beyond Next Ventures and Rakuten Ventures. The company plans to use the funds to strengthen its fresh food fulfillment service, hire new talents, and enhance its marketing effort. Since its launch back in July of 2018, the company has been offering a cold supply chain connecting farmers and food producers with F&B businesses in the Southeast Asian market, especially optimized for the delivery of low-volume and high-mix orders. Supply chains for fresh produce in the region is usually operated by the supplier side, which are optimized for bulk deliveries and therefore difficult to use it for small restaurants which typically ask for small orders or niche needs. The company wants to solve the problem by building a shared supply chain allowing several different food suppliers to use for delivery. The company says more than 100 farmers and food producers in Japan and ASEAN as well as more than 300 restaurants and hotels are using the 20-month-old platform. In view of optimized… Read More SHARE: Tokyo-based VC firm One Capital announced on Tuesday that it has reached the final close of its first fund at 16 billion yen (about $145 million US), more than three times oversubscribed from its original target 5 billion yen ($45.8 million US). According to Preqin, data resource for the alternative asset industry, the fund is the largest-ever single one managed by an independent firm in Japan. One Capital was established in April last year by Shinji Asada, the former head of Salesforce Ventures Japan, and Wataru Sakakura, former managing director and partner at Boston Consulting Group. Asada and Sasakura serves the firm as CEO and COO, respectively. The firm says 70% of the fund’s amount would be targeted to enterprise software startups that can help realize the Future of Work”. In addition to the investors joining the fund by the time of the first close last year, the firm introducecd medical kit maker Hogi Medical, a medical kit maker, the Organization for Small & Medium Enterprises and Regional Innovation, Japan (SME), En Japan (TSE:4849), Z venture capital (foremerly known as YJ Capital), and gas and power distribution company Saisan as new limited partners. Given that overseas individual and corporate investors… Read More Image credit: One Capital Tokyo-based VC firm One Capital announced on Tuesday that it has reached the final close of its first fund at 16 billion yen (about $145 million US), more than three times oversubscribed from its original target 5 billion yen ($45.8 million US). According to Preqin , data resource for the alternative asset industry, the fund is the largest-ever single one managed by an independent firm in Japan. One Capital wasestablished in April last year by Shinji Asada, the former head ofSalesforce Ventures Japan, and Wataru Sakakura, former managing director and partner at Boston Consulting Group. Asada and Sasakura serves thefirm as CEO and COO, respectively. The firm says 70% of the fund’samount would be targeted to enterprise software startups that can helprealize the Future of Work”. In addition to the investors joining the fund by the time of the first close last year, the firm introducecd medical kit maker Hogi Medical, a medical kit maker, the Organization for Small & Medium Enterprises and Regional Innovation, Japan (SME), En Japan (TSE:4849), Z venture capital (foremerly known as YJ Capital), and gas and power distribution company Saisan as new limited partners. Given that overseas individual and corporate investors account for over 40% of the fund’s investors, Asada told Bridge that it indicates overseas investors’ unparalleled expectations for the Japanese market. Image credit: One Capital One of One Capital’s symbolic investment policies is to focus on the SaaS vertical. Bessember Venture Partners, a long-established VC firm in the US known for having helped over 120 companies IPO, create an index from the stock prices of NASDAQ-listed SaaS companies and publishes it as EMCLOUD . Inspired by this, One Capital also started sharing an index based on the stock prices of listed SaaS companies in Japan , which clearly shows them growing more steadily than other stocks categorized in Nikkei 225 or Mothers. Of the $10billion enterprise software market in Japan (according to IDC Japan’s“Domestic Enterprise IT Market Forecast”, May 2020), SaaS businessesaccount for only 6%, at $5.5 billion (according to Fuji Chimera Research Institute’s “Software Business New Market 2020 Edition”). Rather thanconventional packaged software, more and more companies prefer to useSaaS platforms where functions are constantly improved even afterinstallation, and the Japanese market, with its large growth potential,is attractive to foreign investors, Asada says. One Capital has has invested in the following eight companies from the first fund so far: Beatrust (Employee Search Engine) SHARE: The University of Tokyo Edge Capital Partners (UTEC) announced on Monday that it has launched its fifth fund. The firm made the first close of the fund which is eventually expected to secure up to 30 billion yen (about $275 million US). The fund’s investors have not been disclosed but Nikkei says the majority of them are institutional investors including sovereign wealth funds from Southeast Asia. The fund’s ticket size is up to 2.5 billion yen ($22.9 million US) per investment and company. Since its launch back in 2004, UTEC has been running five funds worth 85 billion yen ($780 million US) in the total commitment amount. It has invested in more than 110 companies, 13 of which have IPO-ed and 12 of which have been acquired by other companies. The total market cap of the IPO-ed 13 companies reached 1.5 trillion yen ($13.7 billion US) as of December 2020. The fund can invest in startups at various stages while we may recall recent funding from the fund such as Startbahn (blockchain-based certificate issuing for art) and Kuzen (no-code interactive AI platform). UTEC also announced that it has launched the UTEC Founders Program (UFP), an open-ended support program for startups… Read More The University of Tokyo Edge Capital Partners (UTEC) announced on Monday that it has launched its fifth fund. The firm made the first close of the fund which is eventually expected to secure up to 30 billion yen (about $275 million US). The fund’s investors have not been disclosed but Nikkei says the majority of them are institutional investors including sovereign wealth funds from Southeast Asia. The fund’s ticket size is up to 2.5 billion yen ($22.9 million US) per investment and company. Since its launch back in 2004, UTEC has been running five funds worth 85 billion yen ($780 million US) in the total commitment amount. It has invested in more than 110 companies, 13 of which have IPO-ed and 12 of which have been acquired by other companies. The total market cap of the IPO-ed 13 companies reached 1.5 trillion yen ($13.7 billion US) as of December 2020. The fund can invest in startups at various stages while we may recall recent funding from the fund such as Startbahn (blockchain-based certificate issuing for art) and Kuzen (no-code interactive AI platform). UTEC also announced that it has launched the UTEC Founders Program (UFP), an open-ended support program for startups in the science and technology fields. The program consists of two tracks: the Equity Track, which provides up to 100 million yen in equity investment, and the Grant Track, which provides up to 5 million yen in grant. Equity Track applications are accepted at all times while Grant Track ones will be accepted from June 15 to July 31. Related news SHARE: In 2020, startup investment in Brazil reached US$3.5 billion, up 30% from the previous year, while the number of unicorns in 2020 increased by 3 to 14. Meanwhile, that in Japan reached US$4.32 billion, and the number of unicorns increased by Spider alone to 7 during the same period. This indicates that Brazil has produced unicorns at about twice the rate of Japan so far and last year despite having experienced one of the worst pandemic situation in the world. Mitsuru Nakayama, founder and CEO of Brazil Venture Capital (BVC) has been forced to stay inside Japan due to the pandemic but been busy to remotely support startups which are typically located on the other sdide of the planet. Thanks to the efforts of newly joined partners and associates in Brazil and Peru, the firm’s investment activities are keeping going well. BVC announced its second fund with a targeted final size of 1 billion yen in December, and has reached its first close and disclosed the names of their investors and two invested startups. Most of the fund’s investors are angels in Japan as follows (except for those who don’t want to be named): Shintaro Okuno — Managing Partner and… Read More SHARE: Dentsu Group (TSE:4324) has recently launched Dentsu Ventures Fund II, the second fund worth 10 billion yen (about $91 million) by its corporate venture capital arm Dentsu Ventures. Combining with the Fund I launched back in April of 2015, they now have 20 billion yen (about $184 million) cash for startup investments. According to the arm’s Managing Partner Kotaro Sasamoto, the second fund will be focused on investing in both Japanese and foreign startups with exploring potential synergy while the first fund was more focused on investing in mid- and later-stage foreign startups planning to enter the Japanese market. From its first fund, Dentsu Ventures had invested in about 40 startups, mainly in the US, and been targeting mid- and later-stage startups in the bioscience and healthcare industries which are less likely to work with Dentsu’s primary business. Their remarkable investees from the first fund include Nextbit (the developer of the Robin cloud-optimized smartphone, acquired by Razer), Cheddar (a video news service for millennials, acquired by Altice USA), and Twist Bioscience (DNA synthesis startup, IPOed). Sasamoto says, From our first fund, more than 30 out of 40 invested startups are from the overseas, with an eye on potential synergy with… Read More

Dentsu Ventures Investments

33 Investments

Dentsu Ventures has made 33 investments. Their latest investment was in Double Jump.Tokyo as part of their Series A on April 4, 2022.

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Dentsu Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/27/2022

Series A

Double Jump.Tokyo

$23.41M

Yes

3

4/21/2022

Series C

UPSIDE Foods

$400M

Yes

7

2/8/2022

Series A

ALP

$10.4M

No

3

4/22/2021

Series C

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$99M

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10

3/23/2020

Seed VC - II

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$99M

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10

Date

4/27/2022

4/21/2022

2/8/2022

4/22/2021

3/23/2020

Round

Series A

Series C

Series A

Series C

Seed VC - II

Company

Double Jump.Tokyo

UPSIDE Foods

ALP

Subscribe to see more

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Amount

$23.41M

$400M

$10.4M

$99M

$99M

New?

Yes

Yes

No

Subscribe to see more

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Co-Investors

Sources

3

7

3

10

10

Dentsu Ventures Portfolio Exits

13 Portfolio Exits

Dentsu Ventures has 13 portfolio exits. Their latest portfolio exit was Two Bit Circus on May 19, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/19/2022

Acq - Pending

$99M

1

10/26/2021

Acquired

$99M

16

9/24/2021

IPO

$99M

Public

21

8/30/2021

Acquired

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$99M

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10

10/13/2020

Acquired

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$99M

Subscribe to see more

10

Date

5/19/2022

10/26/2021

9/24/2021

8/30/2021

10/13/2020

Exit

Acq - Pending

Acquired

IPO

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

Subscribe to see more

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Sources

1

16

21

10

10

Dentsu Ventures Fund History

3 Fund Histories

Dentsu Ventures has 3 funds, including Dentsu Ventures Global Fund I.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/15/2015

Dentsu Ventures Global Fund I

Early-Stage Venture Capital

Closed

$41.76M

1

4/1/2015

Dentsu Ventures Global Fund I (電通ベンチャーズ1号グローバルファンド)

$99M

10

Dentsu Ventures Fund II

10

Closing Date

4/15/2015

4/1/2015

Fund

Dentsu Ventures Global Fund I

Dentsu Ventures Global Fund I (電通ベンチャーズ1号グローバルファンド)

Dentsu Ventures Fund II

Fund Type

Early-Stage Venture Capital

Status

Closed

Amount

$41.76M

$99M

Sources

1

10

10

Dentsu Ventures Team

5 Team Members

Dentsu Ventures has 5 team members, including current Managing Partner, Kotaro Sasamoto.

Name

Work History

Title

Status

Kotaro Sasamoto

Managing Partner

Current

Kevin Hasegawa

General Partner

Current

Yu Hirayama

General Partner

Current

Daiji Horibe

General Partner

Current

Daisuke Takemori

General Partner

Current

Name

Kotaro Sasamoto

Kevin Hasegawa

Yu Hirayama

Daiji Horibe

Daisuke Takemori

Work History

Title

Managing Partner

General Partner

General Partner

General Partner

General Partner

Status

Current

Current

Current

Current

Current

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