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FINANCIAL | Investment Firms & Funds
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Investments

87

Portfolio Exits

15

Funds

4

About Mobile Internet Capital

Mobile Internet Capital is a venture capital firm established by NTT DoCoMo, Mizuho Securities Co., Ltd., and Internet Research Institute, Inc. Mobile Internet Capital seeks to invest in Japanese companies in the wireless communication and the information technology sectors.

Mobile Internet Capital Headquarter Location

Akasaka 1-chome Mori Bldg., 8th Fl. 1-11-28 Akasaka, Minato-ku

107-0052,

Japan

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Mobile Internet Capital Web Traffic

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Mobile Internet Capital Rank

Latest Mobile Internet Capital News

Modulus Discovery Closes $25.5M USD Series B

May 14, 2020

Modulus Discovery Closes $25.5M USD Series B TOKYO, May 13, 2020-- Modulus Discovery, Inc., a preclinical-stage technology-driven drug discovery firm, announces the successful closing of its series B funding round in the amount of 2.71 B JPY (approximately $25.5M USD). Series B investors include SBI Investments Co., Ltd., Mizuho Capital Co., Ltd., JAFCO Co., Ltd., Keio Innovation Initiative, Inc., SMBC Venture Capital Co., Ltd., The Dai-ichi Life Insurance Company, Limited, UTokyo Innovation Platform Co., Ltd., Mobile Internet Capital, Inc., Medifuture, Co., Ltd., Essential Pharma, Co., Ltd., and existing shareholder, Fast Track Initiative, Inc. Modulus has raised to date, a total of 3.51B JPY (approximately $33.1M USD) across its series A and B rounds. Modulus will use the proceeds to further its unique small-molecule lead programs in oncology and inflammatory / immune disorders and expand its portfolio of early programs and collaborations including those with its strategic partner, PeptiDream, Inc. Comment from S. Roy Kimura, Cofounder and CEO of Modulus Discovery, Inc. “As the climate and needs for the healthcare industry continue to rapidly evolve, we are extremely grateful to our existing investors, partners, and new investors who have joined us in our work to discover breakthrough medicines for patients and their families in need. To date, we have successfully identified and characterized several of our own unique lead molecules in our oncology and inflammation/immune disorder programs and we are excited to now be in a position to bring these a step closer to clinical testing through partnerships with major players in the industry.” Comment from Koki Hirota, SBI Investments, Co., Ltd. “We are honored to work with the Modulus team led by CEO, Dr. Roy Kimura, consisting of drug discovery simulation experts and pharma industry experienced researchers with a track record of delivering multiple drug candidates to the clinic. Operating a novel drug discovery business model that involves lacking ownership of any experimental lab space, and leveraging the latest supercomputing technologies to discover and optimize active material ingredients that make up pre-clinical therapeutic candidates, we are excited to work with Modulus to open up brand new markets in small-molecule discovery. We hope to support Modulus’ business expansion by making full use of SBI Group’s rich industry relationships.” Comment from Yoshiaki Kodoi, Mizuho Capital Co., Ltd. “In January of this year, Mizuho Capital just launched a new fund specializing in the life sciences, and Modulus is our first investment from this new fund. Modulus is developing a promising business with the potential to continuously and sustainably produce multiple breakthrough drug candidates through a revolutionary approach based in part on its world-class computational drug discovery platform. We believe the firm’s superior portfolio strategy prioritizing discovery programs with the greatest potential value-add and shortest delivery time to licensing markets is in agreement with its mission “to accelerate the discovery of new medicines for patients and their families”. The business also poses a challenge to the industry as a successful example of a next generation virtual pharma model. We fully support Modulus and its outstanding management team poised to take huge leaps on the world stage.” Comment from Miwa Toyoda, JAFCO Co., Ltd. “With rich experiences in drug discovery and computational sciences, the Modulus team holds deep insights in computational technology and biology and the ability to develop and expand its business globally. As therapeutic modalities continue to diversify and proliferate in the industry, we are confident that Modulus will achieve breakthroughs in small-molecules therapeutics, the original modality, and create revolutionary medicines. Through this investment, we are excited to be able to work together with Modulus toward this challenge. We are fully committed to working diligently to support further growth of Modulus.” Comment from Kotaro Yamagishi, CEO, Keio Innovation Initiative, Inc. “Although drug discovery is an area traditionally dominated by American and European biotechnology ventures, we decided to invest into Modulus based on our evaluation of the company’s management that integrates its strong scientific approach, spearheaded by its computational technology with potential for global success, with a logical business strategy. We hope that Modulus will not only create a large social impact through the discovery of multiple revolutionary medicines, but also that it will grow to become a globally respected company and create a new model for drug discovery ventures from Japan.” About Modulus: Modulus Discovery, Inc., is a preclinical-stage technology-driven drug discovery firm with offices in Tokyo and Boston. The company is pursuing its proprietary portfolio of small-molecule discovery programs and collaborations through integration of its unique core biology insights, cutting-edge discovery platform, and scalable networked operations. Modulus is focused on the efficient delivery of breakthrough medicines for patients and their families with unmet medical needs in areas including oncology, chronic inflammation / immune disorders, and rare genetic conditions. For further information, please visit www.modulusdiscovery.com. Contact:

Mobile Internet Capital Investments

87 Investments

Mobile Internet Capital has made 87 investments. Their latest investment was in ADDX as part of their Series A - III on January 1, 2021.

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Mobile Internet Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/21/2021

Series A - III

ADDX

$50M

Yes

Development Bank of Japan, Hanwha Asset Management, JIC Venture Growth Investments, Juroku Bank, Singapore Exchange, and Tokai Tokyo Financial Holdings

4

12/21/2020

Series B

CLUE

Yes

Canal Ventures, Delight Ventures, Drone Fund, Energy & Environment Investment, Hideyuki Inoue, Japan Post Capital, Kashiwabara Corporation, MAKOTO Capital, Mizuho Capital, STRIVE, and Takanori Nakamura

6

11/16/2020

Series B

Unilabo

$13.74M

Yes

Hakuhodo DY Ventures, Ikemori Venture Support, Japan Post Capital, Mitsubishi UFJ Capital, Nippon Venture Capital, SBI Investment, Spiral Ventures, and UB Ventures

2

9/15/2020

Seed VC

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$99M

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10

7/13/2020

Series A

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$99M

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10

Date

1/21/2021

12/21/2020

11/16/2020

9/15/2020

7/13/2020

Round

Series A - III

Series B

Series B

Seed VC

Series A

Company

ADDX

CLUE

Unilabo

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Amount

$50M

$13.74M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Development Bank of Japan, Hanwha Asset Management, JIC Venture Growth Investments, Juroku Bank, Singapore Exchange, and Tokai Tokyo Financial Holdings

Canal Ventures, Delight Ventures, Drone Fund, Energy & Environment Investment, Hideyuki Inoue, Japan Post Capital, Kashiwabara Corporation, MAKOTO Capital, Mizuho Capital, STRIVE, and Takanori Nakamura

Hakuhodo DY Ventures, Ikemori Venture Support, Japan Post Capital, Mitsubishi UFJ Capital, Nippon Venture Capital, SBI Investment, Spiral Ventures, and UB Ventures

Sources

4

6

2

10

10

Mobile Internet Capital Portfolio Exits

15 Portfolio Exits

Mobile Internet Capital has 15 portfolio exits. Their latest portfolio exit was BlueMeme on June 29, 2021.

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

6/29/2021

IPO

Public

12/25/2019

Acquired

SAMURAI Security

1

10/24/2019

IPO

$991

Public

2

00/00/0000

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10

00/00/0000

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10

Date

6/29/2021

12/25/2019

10/24/2019

00/00/0000

00/00/0000

Exit

IPO

Acquired

IPO

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Companies

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Valuation

$991

Acquirer

Public

SAMURAI Security

Public

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Sources

1

2

10

10

Mobile Internet Capital Fund History

4 Fund Histories

Mobile Internet Capital has 4 funds, including MIC Innovation IV Limited Liability Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/1/2016

MIC Innovation IV Limited Liability Fund

Early-Stage Venture Capital

$52.77M

1

4/30/2013

MIC Innovation III Limited Liability Fund

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$99M

10

3/31/2006

MIC Asia Technology Limited Liability Fund

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$99M

10

12/31/2001

Mobile Internet 1 Limited Liability Fund

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$99M

10

Closing Date

1/1/2016

4/30/2013

3/31/2006

12/31/2001

Fund

MIC Innovation IV Limited Liability Fund

MIC Innovation III Limited Liability Fund

MIC Asia Technology Limited Liability Fund

Mobile Internet 1 Limited Liability Fund

Fund Type

Early-Stage Venture Capital

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Status

Amount

$52.77M

$99M

$99M

$99M

Sources

1

10

10

10

Mobile Internet Capital Team

2 Team Members

Mobile Internet Capital has 2 team members, including current Chief Executive Officer, President, Mikihide Katsumata.

Name

Work History

Title

Status

Mikihide Katsumata

Chief Executive Officer, President

Current

Ikuo Nishioka

Chief Executive Officer, President

Former

Name

Mikihide Katsumata

Ikuo Nishioka

Work History

Title

Chief Executive Officer, President

Chief Executive Officer, President

Status

Current

Former

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