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Private Equity
web.jaic-vc.co.jp

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Investments

163

Portfolio Exits

23

Funds

34

About Japan Asia Investment

The firm invests in the industrial fields where rapid growth is expected in each country according to its development stage of economy. In recent years, the firm looks to invest primarily in industries that contribute to the improvement of the human condition, such as biotechnology, medical equipment, pharmaceutical products, environmental engineering, and welfare.

Japan Asia Investment Headquarter Location

Seiko Takebashi-Kyodo Building 3-11 Kandanishiki-cho, Chiyoda-ku

Tokyo, 101-8570,

Japan

81 3 3504 8518

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Japan Asia Investment News

Inphase Technologies Closes $15 Million Second Round of Funding

Jul 9, 2019

March 01, 2004 05:00 AM Eastern Standard Time LONGMONT, Colo.--( BUSINESS WIRE )--March 1, 2004--InPhase Technologies: -- Alps Information Technology Fund, Yasuda Enterprise Development Company, Japan Asia Investment Company, and Mr. B.J. Cassin New Investors -- New Venture Partners Leads Round for Premier Holographic Data Storage Developer -- Funds Will Enable Delivery of First Commercial Holographic Data Storage Products InPhase Technologies, the leader in holographic data storage development, today announced that it has closed on the final $8.7 million to complete its second round funding of $15 million. New Venture Partners LLC led the round with additional investments from existing investors Hitachi Maxell Ltd. and Signal Lake, which led Round A. New investors include ALPS Information Technology Fund LP, a core member of the ALPS Electric North America, Inc. affiliated group and indirectly owned by ALPS Electric Co. Ltd., a leading Japanese electronic components developer. Additional investors are Yasuda Enterprise Development Co., one of Japan's leading technology venture capital firms, Japan Asia Investment Co., Japan's largest independent venture capital firm, and Mr. B.J. Cassin, a founding investor of numerous technology startups. The new funds will be used to further the commercialization of the world's first holographic data storage system, Tapestry(TM) HDS-200R. The initial drive will hold 200 gigabytes of data with a transfer rate of 20 megabytes per second. The recently announced Tapestry HDS5000 media, which is photosensitive to blue laser wavelengths, together with the Tapestry HDS-200R drive provides customers with access to huge amounts of data on a single disc. For example, a single disc can hold 200,000 photos, 20,000 x-rays, 1,500 hours of audio or 14 hours of high definition video, which is 40 times more than a current DVD. "With the completion of our second round of funding, the stage is now set for InPhase to deliver the first holographic data storage media and drives to the market," said Nelson Diaz, president and CEO of InPhase Technologies. "We believe we have the right combination of strategic and financial partners to execute the plan that brings this revolutionary data storage technology to market." New Venture Partners LLC, which was founded in 1997 as Lucent Technologies' New Ventures Group, led the round. New Venture Partners has created and financed a succession of companies built upon Bell Labs technologies. "InPhase continues to make astonishing progress, and has positioned itself as a major player in the next generation of storage," said Steve Socolof, managing partner of New Venture Partners LLC. "The company continues to win key government contracts, and has added to its already impressive roster of strategic development partners. We feel that the essential building blocks are in place for InPhase to make a strong market introduction of the first holographic data storage products." Bart Stuck, managing director of Signal Lake Venture Fund, stated that "Signal Lake's position as the largest single private equity investor in InPhase demonstrates our continued commitment to the commercialization of holographic storage, in which we see huge market potential." "The opportunity to invest in a market-changing technology is rare and we believe that the InPhase team is well-suited to the task of introducing the first holographic data storage products on the market," said Seiichiro Shimura, chief investment officer of Yasuda Enterprise Development Co., Ltd. "InPhase Technologies is a true innovator in optical storage and they have demonstrated a clear understanding of both core markets and vertical markets for their initial product," said Toyoji Tatsuoka, president and CEO of JAIC. "We view InPhase as a strong player in the market for next-generation recording devices, and believe that their technology can influence many markets." Mr. B.J Cassin, who serves on the board of directors of PDF Solutions, Inc., two private companies, and Cerus Corporation where he is the Chairman of the Board, is well known as the financial founder of a number of public companies, including data storage companies Maxtor and Quantum. In addition, Mr. Cassin has invested in 16 companies in the biomedical, telecommunications, and services sectors. About New Venture Partners New Venture Partners LLC is a seed and early-stage venture capital firm with a proven history of creating communications and information technology startups that leverage institutional innovations. It has unique expertise in identifying promising technologies within corporate R & D laboratories, and in driving the creation, capitalization and growth of independent ventures founded on these assets. For more information, visit www.nvpllc.com . About Hitachi Maxell, Ltd. Since its foundation in 1960, Hitachi Maxell, Ltd. (TSE: 6810), based in Tokyo, Japan, has led the electronics industry at home and abroad in the fields of memory and mobility. Hitachi Maxell, Ltd. is a leading manufacturer of information storage media products including computer tapes, broadcasting video tapes, optical disks, floppy disks and memory cards, audio and video products including mini discs, audiocassettes and videocassettes, and battery products including lithium ion rechargeable batteries, micro batteries and dry cell batteries. For more information, visit www.maxell.com . About Signal Lake Venture Fund Signal Lake Venture Fund's mission is to generate significant capital growth through early stage investments in the broadband telecom and networking infrastructure being built for the global economy over the next several decades. Signal Lake intends to fill the funding gap between angel funding and major venture capital firms by investing $1M-$10M in early stage telecom and network infrastructure companies with significant technical capabilities and intellectual property capable of addressing large markets. For more information, visit www.signallake.com . About ALPS Electric ALPS Electric Co. Ltd. is a Japanese corporation that has manufactured various electronic components since its foundation in 1948. Based on innovative proprietary technology and market outlook, the Company provides cutting-edge electronic components that contribute to the advancement of a multimedia society in four key areas, namely, Magnetic Devices, Communication Devices, Peripheral Products, Mechatronic Devices and Automotive Electronics. ALPS globally operates through affiliates in Japan, America, Europe and countries around Asia. ALPS global activities strive to create partnerships with customers, countries and regions throughout the world. In addition, ALPS group has over 80 companies including mobile electronics manufacturer ALPINE Electronics and ALPS Logistics, a specialized electronic component distribution company. For more information, visit www.alps.com . About Yasuda Enterprise Development Co., Ltd. Yasuda Enterprise Development is a leading Japanese venture capital firm based in Tokyo, with sub-offices in Osaka, Palo Alto in California, USA, and Taipei in the ROC. Managed capital of JPY 40,000M (approx. US$350M) is in insurance firms, commercial banks and corporate investors. The firm invests in the early and expansion stages of information and communication technology, electronics devices, and life science sectors in Asia, Europe, and the United States. Yasuda Enterprise Development has achieved over 200 exits of portfolio companies through IPO in the Japanese OTC market, NASDAQ, OTC market in Taiwan, other stock exchanges, as well as M&A. For more information, visit www.yedvc.co.jp . About Japan Asia Investment Co., Ltd. Japan Asia Investment Co., Ltd. (JAIC) is Japan's largest independent venture capital company. JAIC has invested in over 1,000 companies with funds totaling more than $1.7 billion since its establishment in 1981. JAIC helps unlisted venture companies with high growth potential to procure capital and contributes to their growth and improvement of corporate value by offering information and supporting IPOs and providing consultation, along with M&A and MBO proposals. JAIC is continuing to work toward its objective of becoming a distinctive financial group, with venture capital operations as its core business and aims for mutual prosperity among shareholders, fund investors and invested companies. For more information, visit www.jaic-vc.co.jp . About B.J. Cassin Mr. Cassin is the Chairman and President of the Cassin Educational Initiative Foundation, which he founded in August of 2000. In 1969, Mr. Cassin co-founded Xidex Corporation, which achieved Fortune 500 status in 1987 with sales of $752 million and 7,000 employees worldwide. In 1979, Mr. Cassin left active management with Xidex and became a venture capital investor. About InPhase Technologies InPhase Technologies is the leading developer of holographic data storage (HDS) recording media and systems. Based in Longmont, Colorado, InPhase was founded in 2000, as a Lucent Technologies (NYSE: LU) venture, and is comprised of some of the storage industry's leading executives, scientists and engineers. InPhase is backed by venture capital investors including New Venture Partners LLC, Signal Lake Ventures, Madison Dearborn Partners, Newton Technology Partners, Yasuda Enterprise Development, Japan Asia Investment Company, and Mr. B.J. Cassin. Corporate investors include Hitachi Maxell, Ltd., Imation Corp. (NYSE: IMN), and ALPS Information Technology Fund. For more information on InPhase, please visit the company's Web site at www.inphase-tech.com . EDITOR'S NOTE: For a color photograph of Nelson Diaz, InPhase president and CEO, or the InPhase Tapestry media, please contact Chris Pfaff at 201-218-0262 or c.pfaff@att.net .

Japan Asia Investment Investments

163 Investments

Japan Asia Investment has made 163 investments. Their latest investment was in PBsystems as part of their Growth Equity - II on September 9, 2016.

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Japan Asia Investment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/15/2016

Growth Equity - II

PBsystems

$1.02M

Yes

Kaga Electronics, Miyazaki Taiyo Capital, and Undisclosed Investors

1

7/29/2016

Growth Equity

J-ARM

Yes

Nippon Venture Capital, Senshu Ikeda Capital, and Shinkin Capital

1

3/22/2016

Seed

Wonder League

$0.73M

Yes

Undisclosed Investors

1

2/9/2016

Series B

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$99M

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10

11/25/2015

Series A

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$99M

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10

Date

9/15/2016

7/29/2016

3/22/2016

2/9/2016

11/25/2015

Round

Growth Equity - II

Growth Equity

Seed

Series B

Series A

Company

PBsystems

J-ARM

Wonder League

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Amount

$1.02M

$0.73M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Kaga Electronics, Miyazaki Taiyo Capital, and Undisclosed Investors

Nippon Venture Capital, Senshu Ikeda Capital, and Shinkin Capital

Undisclosed Investors

Sources

1

1

1

10

10

Japan Asia Investment Portfolio Exits

23 Portfolio Exits

Japan Asia Investment has 23 portfolio exits. Their latest portfolio exit was PBsystems on September 12, 2019.

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

9/12/2019

IPO

Public

1

12/22/2017

IPO

Public

1

11/30/2017

Acquired

Undisclosed Investors

1

00/00/0000

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10

00/00/0000

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10

Date

9/12/2019

12/22/2017

11/30/2017

00/00/0000

00/00/0000

Exit

IPO

IPO

Acquired

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Companies

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Valuation

Acquirer

Public

Public

Undisclosed Investors

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Sources

1

1

1

10

10

Japan Asia Investment Acquisitions

2 Acquisitions

Japan Asia Investment acquired 2 companies. Their latest acquisition was Central Hotel Sasebo on April 26, 2010.

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

4/26/2010

Leveraged Buyout

1

3/2/2009

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$99M

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10

Date

4/26/2010

3/2/2009

Investment Stage

Companies

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Valuation

Total Funding

$99M

Note

Leveraged Buyout

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Sources

1

10

Japan Asia Investment Fund History

34 Fund Histories

Japan Asia Investment has 34 funds, including JAIC Corporate Investment Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/12/2016

JAIC Corporate Investment Fund

Multi-Stage Venture Capital

$16.24M

1

3/1/2014

CITIC Guodian Fund

Late-Stage Venture Capital

$20.54M

1

3/1/2014

JAIC-IF Venture Capital Investment LP IV

Early-Stage Venture Capital

$18.47M

1

3/26/2013

Wanya Shenyang Fund

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$99M

10

11/30/2012

Suzhou JAIC Wuzhong Guofa Venture Capital Fund

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$99M

10

Closing Date

2/12/2016

3/1/2014

3/1/2014

3/26/2013

11/30/2012

Fund

JAIC Corporate Investment Fund

CITIC Guodian Fund

JAIC-IF Venture Capital Investment LP IV

Wanya Shenyang Fund

Suzhou JAIC Wuzhong Guofa Venture Capital Fund

Fund Type

Multi-Stage Venture Capital

Late-Stage Venture Capital

Early-Stage Venture Capital

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Status

Amount

$16.24M

$20.54M

$18.47M

$99M

$99M

Sources

1

1

1

10

10

Japan Asia Investment Team

7 Team Members

Japan Asia Investment has 7 team members, including current Chief Executive Officer, President, Osamu Hosokubo.

Name

Work History

Title

Status

Osamu Hosokubo

Chief Executive Officer, President

Current

Makoto Isshi

Senior Managing Director

Current

Hidetaka Fukuzawa

Managing Director

Current

Kenjiro Kanaya

Managing Director

Current

Toyoji Tatsuoka

Chief Executive Officer, President

Former

Name

Osamu Hosokubo

Makoto Isshi

Hidetaka Fukuzawa

Kenjiro Kanaya

Toyoji Tatsuoka

Work History

Title

Chief Executive Officer, President

Senior Managing Director

Managing Director

Managing Director

Chief Executive Officer, President

Status

Current

Current

Current

Current

Former

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