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Innovation Network Corporation of Japan company logo
Public-Private Partnership
FINANCE
incj.co.jp

Investments

120

Portfolio Exits

33

Partners & Customers

3

About Innovation Network Corporation of Japan

Innovation Network Corporation of Japan (INCJ) was established in July 2009 as a public-private partnership that provides financial, technological and management support for next-generation businesses. The INCJ specifically supports those projects that combine technologies and varied expertise across industries and materialize open innovation.

Headquarters Location

Japan

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Latest Innovation Network Corporation of Japan News

Nissan to acquire automotive battery firm Vehicle Energy Japan

Sep 7, 2022

Nissan to acquire automotive battery firm Vehicle Energy Japan Nissan to acquire automotive battery firm Vehicle Energy Japan Nissan added that after the acquisition of the shares held by the Innovation Network Corporation of Japan (INCJ), a state-backed fund and Vehicle Energy Japan will become its consolidated subsidiary. Nissan did not provide any financial details of the deal. Reuters Updated Sep 07, 2022, 8:41 AM IST Japan's Nissan Motor Co said on Wednesday it had agreed to acquire all the common shares in Vehicle Energy Japan Inc held by the lithium-ion battery maker's biggest shareholder. Nissan added that after the acquisition of the shares held by the Innovation Network Corporation of Japan (INCJ), a state-backed fund, Vehicle Energy Japan will become its consolidated subsidiary, in which it will hold shares alongside existing shareholders Maxell Ltd and Hitachi Astemo Ltd. Nissan did not provide any financial details of the deal. Vehicle Energy Japan develops, manufactures and sells lithium-ion batteries for hybrid vehicles. "The investment will allow Nissan to secure a stable battery supplier and contribute to the development of next-generation batteries with a competitive edge in terms of both performance and cost," Nissan said in a statement. Stable supply of battery materials is among the many challenges being faced by automakers worldwide as stricter environmental regulations accelerate production and sales of cleaner, electrified cars. Nissan's rival Honda Motor Co recently said that it had formed a partnership with trading company Hanwa Co to secure stable supply of essential metals used in batteries for electrified vehicles. TAGS:

Innovation Network Corporation of Japan Investments

120 Investments

Innovation Network Corporation of Japan has made 120 investments. Their latest investment was in Cloudian as part of their Series G on January 1, 2023.

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Innovation Network Corporation of Japan Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/13/2023

Series G

Cloudian

$60M

No

10

10/6/2021

Seed - II

Bloom Impact

$0.68M

Yes

1

3/1/2021

Series F

Cloudian

No

1

10/21/2020

Unattributed

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$99M

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10

9/4/2020

Series D

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$99M

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10

Date

1/13/2023

10/6/2021

3/1/2021

10/21/2020

9/4/2020

Round

Series G

Seed - II

Series F

Unattributed

Series D

Company

Cloudian

Bloom Impact

Cloudian

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Amount

$60M

$0.68M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

10

1

1

10

10

Innovation Network Corporation of Japan Portfolio Exits

33 Portfolio Exits

Innovation Network Corporation of Japan has 33 portfolio exits. Their latest portfolio exit was XTIA on August 25, 2023.

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

8/25/2023

Shareholder Liquidity

$99M

1

8/3/2023

Shareholder Liquidity

$99M

1

8/1/2023

IPO

$99M

Public

3

4/26/2023

IPO

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$99M

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10

4/13/2023

IPO

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$99M

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10

Date

8/25/2023

8/3/2023

8/1/2023

4/26/2023

4/13/2023

Exit

Shareholder Liquidity

Shareholder Liquidity

IPO

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Public

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Sources

1

1

3

10

10

Innovation Network Corporation of Japan Acquisitions

7 Acquisitions

Innovation Network Corporation of Japan acquired 7 companies. Their latest acquisition was Hitachi Vehicle Energy on December 26, 2018.

Date

Investment Stage

Companies

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

Total Funding

Note

Sources

12/26/2018

$99M

Acquired Unit

1

5/23/2018

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$99M

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10

7/6/2017

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$99M

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10

2/26/2015

Series C

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$99M

$99M

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10

8/1/2014

Other

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$99M

$99M

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10

Date

12/26/2018

5/23/2018

7/6/2017

2/26/2015

8/1/2014

Investment Stage

Series C

Other

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acquired Unit

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Sources

1

10

10

10

10

Innovation Network Corporation of Japan Partners & Customers

3 Partners and customers

Innovation Network Corporation of Japan has 3 strategic partners and customers. Innovation Network Corporation of Japan recently partnered with Sekisui Chemical on April 4, 2020.

Date

Type

Business Partner

Country

News Snippet

Sources

4/16/2020

Partner

Japan

*2 BR: Abbreviation for Bio Refinery. 2020|What's New Archive|SEKISUI CHEMICAL CO.,LTD

SEKISUI CHEMICAL will collaborate with INCJ , a public/private sector fund supervised by the Ministry of Economy , Trade and Industry , to construct strong collaborative relationships with partners such as local municipalities , waste disposal-related companies , plant manufacturers and companies that use ethanol .

1

1/27/2014

Partner

Japan

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10

4/1/2011

Partner

Japan

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10

Date

4/16/2020

1/27/2014

4/1/2011

Type

Partner

Partner

Partner

Business Partner

Country

Japan

Japan

Japan

News Snippet

*2 BR: Abbreviation for Bio Refinery. 2020|What's New Archive|SEKISUI CHEMICAL CO.,LTD

SEKISUI CHEMICAL will collaborate with INCJ , a public/private sector fund supervised by the Ministry of Economy , Trade and Industry , to construct strong collaborative relationships with partners such as local municipalities , waste disposal-related companies , plant manufacturers and companies that use ethanol .

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Sources

1

10

10

Innovation Network Corporation of Japan Team

9 Team Members

Innovation Network Corporation of Japan has 9 team members, including current Chief Executive Officer, Kimikazu Noumi.

Name

Work History

Title

Status

Kimikazu Noumi

Chief Executive Officer

Current

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Name

Kimikazu Noumi

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Work History

Title

Chief Executive Officer

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Status

Current

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