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Asset/Investment Management
FINANCIAL
sparxgroup.com

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Investments

31

Portfolio Exits

2

Funds

5

Partners & Customers

1

About SPARX Group

SPARX Group (TYO: 8739) is an independent Asia-based equity and credit asset management services and Asian fund financial specialist.

SPARX Group Headquarter Location

Shinagawa Season Terrace 6F, 1-2-70 Konan Minato-ku

Tokyo, 108-0075,

Japan

+81-3-6711-9200

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Page Views per Million (PVPM)
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Latest SPARX Group News

Toyota: SPARX Group to establish “Mirai Creation Fund III”

Aug 2, 2021

SPARX Group Co., Ltd. (“SPARX”) has established the Mirai Creation Fund III (“Fund III”). The two seed LPs for the Mirai Creation Fund II (“Fund II”), Toyota Motor Corporation (“Toyota”) and Sumitomo Mitsui Banking Corporation (“SMBC”), are to participate again as initial investors in Fund III. In addition to the five (5) categories of Intelligent Technology (e.g. artificial intelligence), Robotics, Technologies for a Hydrogen-Powered Society, Electrification, and New Materials that Fund II (formed in October 2018) focused on, the Mirai Creation Fund III mandate also will include global companies that provide solutions that promote carbon neutrality. An outline of the new fund is listed below. Basic Principles To help accelerate innovation by investing in enterprises that possess technologies capable of leading growth for future generations To build a portfolio of promising businesses, and realize the potential of technologies and ideas that can transform the future by promoting them on a global scale To contribute to a sustainable future by promoting carbon neutrality Target Technology Areas Fund III aims to invest in companies and projects to boost innovation within the following six (6) core technology areas: 1) Intelligent Technology (e.g. artificial intelligence), 2) Robotics, 3) Technologies for a Hydrogen-Powered Society, 4) Electrification, 5) New Materials, and 6) Carbon Neutrality. Summary With SPARX Asset Management Co., Ltd., a subsidiary of SPARX, acting as Fund III’s fund manager and with an initial commitment from Toyota, SMBC, and SPARX totaling approximately ¥15.0 billion, Mirai Creation Fund III investment activities are scheduled to begin from October 2021. The fund will be open to new LPs until around the end of March 2022, targeting a total of ¥100.0 billion in commitments.

SPARX Group Investments

31 Investments

SPARX Group has made 31 investments. Their latest investment was in WorldLink & Company as part of their Corporate Minority on September 9, 2021.

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SPARX Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/17/2021

Corporate Minority

WorldLink & Company

$5.09M

Yes

Autonomous Control Systems Laboratory, Bank of Saga, and Undisclosed Investors

1

5/19/2021

Series B

ThinkCyte

$26M

Yes

ITOCHU Technology Ventures, SBI Investment, Sumitomo Mitsui Trust Investment, and Sysmex

4

2/24/2021

Seed VC - II

Keycafe

$1.03M

Yes

Mouro Capital, and Undisclosed Investors

1

2/1/2021

Series B

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$99M

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10

12/27/2020

Series B

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$99M

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10

Date

9/17/2021

5/19/2021

2/24/2021

2/1/2021

12/27/2020

Round

Corporate Minority

Series B

Seed VC - II

Series B

Series B

Company

WorldLink & Company

ThinkCyte

Keycafe

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Amount

$5.09M

$26M

$1.03M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Autonomous Control Systems Laboratory, Bank of Saga, and Undisclosed Investors

ITOCHU Technology Ventures, SBI Investment, Sumitomo Mitsui Trust Investment, and Sysmex

Mouro Capital, and Undisclosed Investors

Sources

1

4

1

10

10

SPARX Group Portfolio Exits

2 Portfolio Exits

SPARX Group has 2 portfolio exits. Their latest portfolio exit was Joby Aviation on August 11, 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

8/11/2021

Reverse Merger

$991

12

00/00/0000

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10

Date

8/11/2021

00/00/0000

Exit

Reverse Merger

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Companies

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Valuation

$991

Acquirer

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Sources

12

10

SPARX Group Fund History

5 Fund Histories

SPARX Group has 5 funds, including Mirai Creation Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

7/31/2018

Mirai Creation Fund II

Multi-Stage Venture Capital

$128.99M

1

1/16/2017

Sparx Technology Fund

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$99M

10

11/4/2015

Mirai Creation Fund

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$99M

10

Space Frontier Fund

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$99M

10

Mirai Creation Fund III

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$99M

10

Closing Date

7/31/2018

1/16/2017

11/4/2015

Fund

Mirai Creation Fund II

Sparx Technology Fund

Mirai Creation Fund

Space Frontier Fund

Mirai Creation Fund III

Fund Type

Multi-Stage Venture Capital

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Status

Amount

$128.99M

$99M

$99M

$99M

$99M

Sources

1

10

10

10

10

SPARX Group Partners & Customers

1 Partners and customers

SPARX Group has 1 strategic partners and customers. SPARX Group recently partnered with Nomura Holdings on January 1, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

1/14/2021

Partner

Nomura Holdings

Japan

Nomura Partners with SPARX Group to Establish an Asset Management Firm

Nomura Holdings , a Tokyo-based financial services company , announced today that it has formed a strategic partnership with an independent asset management firm , SPARX Group to establish a listed investment firm for investment in unlisted companies .

1

Date

1/14/2021

Type

Partner

Business Partner

Nomura Holdings

Country

Japan

News Snippet

Nomura Partners with SPARX Group to Establish an Asset Management Firm

Nomura Holdings , a Tokyo-based financial services company , announced today that it has formed a strategic partnership with an independent asset management firm , SPARX Group to establish a listed investment firm for investment in unlisted companies .

Sources

1

SPARX Group Team

2 Team Members

SPARX Group has 2 team members, including current President, Shin-ichiro Kengaku.

Name

Work History

Title

Status

Shin-ichiro Kengaku

President

Current

Eugene L. Podsiadlo

Citibank, Warburg Pincus, and Wasatch Global Investors

President

Former

Name

Shin-ichiro Kengaku

Eugene L. Podsiadlo

Work History

Citibank, Warburg Pincus, and Wasatch Global Investors

Title

President

President

Status

Current

Former

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