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Corporate Venture
utokyo-ipc.co.jp

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Investments

63

Portfolio Exits

3

Funds

2

About UTokyo Innovation Platform

UTokyo Innovation Platform, aka UTokyoIPC (東大IPC), aims to implement the national project to promote investments from national universities to venture capital funds under the Industry Competitiveness Enhancement Act. Through collaboration with the University of Tokyo, private venture capital firms and LP's of the funds etc., UTokyo IPC aims to foster an environment in which innovation is continuously realized based on the results of research and education in all areas of the University of Tokyo.

UTokyo Innovation Platform Headquarter Location

Sansai Building Hongo 6th Floor 3 Chome-40-10 Hongō, Bunkyō-ku

Tokyo, 113-0033,

Japan

+81 03-3830-0200

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Latest UTokyo Innovation Platform News

Mitsubishi Corporation: Seven-Member Partnership Commits to Warehouse DX Initiative

Jul 1, 2022

Intellasia East Asia News TOKYO, Jul 1, 2022 - (JCN Newswire) - We are pleased to announce that a partnership of seven entities has today agreed to undertake a joint initiative to promote digital transformations (DX) in Japan's warehousing industry. The partnership members are Mitsubishi Corporation (MC), Mitsubishi Corporation LT, Inc. (MCLOGI), UTokyo Innovation Platform Co., Ltd. (UTokyo IPC), Prologis, Mitsui Fudosan Co., Ltd.,* Mitsubishi HC Capital Inc., and Mitsubishi Estate Co., Ltd.Today MC also transferred its own warehouse DX operations to its newly established subsidiary Gaussy Inc. (Gaussy), in which each of the partnership's other six members has acquired a capital interest. The businesses to be undertaken by Gaussy include provision of the warehouse robot subscription service "Roboware," which was launched by MC in 2020, and the warehouse sharing service "WareX." The new subsidiary's aim will be to develop platforms to connect warehouse users and providers in ways that will improve logistics and fulfillment processes across different industries. *Mitsui Fudosan's investment comes via its own venture capital fund, 31 Ventures Global Innovation Fund II.Challenges in the Warehousing IndustrySupply chains connecting producers and consumers are made possible through effective combinations of storage- and transportation-based logistics capabilities. Japan's domestic warehousing market is central to those supply chains and worth approximately seven trillion yen; various negative pressures including labor shortages, dependencies on specific individuals for certain jobs and lease agreements have resulted in inflexible inventory capacities, which has in turn contributed to wasteful, inconsistent and burdensome fulfillment practices throughout numerous industries. Other countries, such as the US and China, are facing similar challenges, which has prompted innovators to develop new business models such as self-driving warehouse robots and schemes that allow users to share vacant warehouse spaces.Gaussy's Warehouse DX ServicesConsidering that the "Roboware" subscription service allows anyone, regardless of their background or skills, to use robots to easily manage their warehouse facilities, it presents a viable solution to the labor-shortage and overreliance problems mentioned above. "WareX" is a similarly straightforward system that anyone can use to share available warehouse space, thus addressing the problems of limited or excess capacities.Gaussy will offer customers both of these services, the former (Roboware) of which employs five types of warehouse robots and has already been rolled out in 14 facilities across Japan, and the latter (WareX) of which has more than 1,000 facilities registered on its nationwide system. Large, medium and small enterprises alike have all been taking advantage of "WareX," as it provides them with an efficient way to lease vacant warehouse spaces on a pay-as-you-go basis.Driven by its vision to create new opportunities in logistics, Gaussy is committed to developing flexible mechanisms that will adapt to evolving warehousing needs and cargo volumes. All of its partners look forward to offering fulfillment customers with new and unprecedented options for their businesses.Roboware: https://roboware.ai/WareX: https://warex.ai/Our PartnershipToday, coinciding with MC's transfer of its warehouse DX operations to Gaussy, each of the six other members in our partnership acquired a capital interest in the new company, five through third-party share allotments (UTokyo IPC, Prologis, Mitsui Fudosan, Mitsubishi HC Capital, and Mitsubishi Estate) and one (MCLOGI) through a transfer of Gaussy shares owned by MC. Through this cross-industrial and cross-business partnership between industry and academia, each of our seven entities shall endeavor to create its own solutions to the problems impacting the warehousing sector by bringing to the table its unique assets, including digital technologies, know-how and networks in logistics properties, financial expertise and so on.Partner CommentsUTokyo IPCLogistics continues to have an increased impact on business and society, while the logistics industry continues to face various issues, e.g., a surge of just-in-time transport and the labor shortage, to name a few. We are delighted and honored to take part in the cross-sector partnership under which Gaussy, the leading partner with visions and expertise, will address these issues. We look forward to working together for Gaussy's success as well as the acceleration of social transformation through collaboration between multiple stakeholders, including academia.PrologisAs the global leader in logistics real estate, Prologis develops, owns and manages nearly 4,700 logistics facilities in 19 countries around the world. In light of the increasing challenges that our customers are facing, Prologis endeavors to provide solutions beyond the logistics real estate. Through this partnership, we strive to provide further efficiencies by taking advantage of unused warehouse space in addition to providing labor solutions. Moreover, we hope to leverage our global scale to support Gaussy's future global expansion. Mitsui FudosanUnder its Mitsui Fudosan Logistics Park (MFLP) brand, Mitsui Fudosan has been engaged in the logistics property business for roughly a decade since its launch in 2012. This partnership will enable us to promote logistics-oriented DX in ways that should help the industry adapt to an evolving society. As a partner to all of our tenants, we look forward to taking on new roles in value creation that connects goods, labor and services in our properties.Mitsubishi HC CapitalMitsubishi HC Capital has been working on solving issues surrounding the logistics sector such as the workforce shortage, and growing environmental impact, with our partners, to create sustainable societies and improve people's quality of life. Mitsubishi HC Capital intends to leverage this partnership to offer Gaussy a set of diverse functions built up through many years of experience, which include both financing and ownership and management of asset. By doing so, we aim to be a valued partner in the new company's aim to meet customer needs with efficient and user-friendly services. Mitsubishi EstateMitsubishi Estate has been working on its own brand of logistics facilities developments called Logicross, which services customers across a wide array of businesses. We are keen to partake in this partnership, not only to construct the facilities, but also to enhance our services' customer-satisfaction rates and work in step with the other members to help identify new logistics solutions.MCLOGIAs a logistics-solutions provider, MCLOGI's business is to optimize its customers' storage-and-distribution operations. This partnership allows us to extend the full breadth of our logistics know-how and planning-and-design functions to Gaussy, which should raise its corporate value and help to develop the solutions needed to enrich society and stimulate economic growth. MCHere at MC, we are proud to have forged value chains in many different industries. In recent years, we have also been pursuing DX projects designed to help address challenges in warehousing, as that sector will be key to enhancing the sustainability of those value chains. Societal challenges cannot be met by one entity acting alone, but the partnership we have entered into today will make those solutions possible and help us to co-create expansive value. This value will also have the potential to boost Gaussy's corporate value, and ultimately help to realize a more affluent and prosperous society. Inquiry Recipient:Mitsubishi CorporationTelephone:+81-3-3210-2171Facsimile:+81-3-5252-7705 Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.com

UTokyo Innovation Platform Investments

63 Investments

UTokyo Innovation Platform has made 63 investments. Their latest investment was in Mantra as part of their Seed VC - II on July 7, 2022.

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UTokyo Innovation Platform Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/28/2022

Seed VC - II

Mantra

$1.11M

Yes

2

7/7/2022

Seed VC

reverSASP Therapeutics

$4.41M

Yes

1

6/30/2022

Series A

mediPhone

$8.1M

Yes

2

6/23/2022

Series A

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$99M

Subscribe to see more

10

5/19/2022

Series C

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$99M

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10

Date

7/28/2022

7/7/2022

6/30/2022

6/23/2022

5/19/2022

Round

Seed VC - II

Seed VC

Series A

Series A

Series C

Company

Mantra

reverSASP Therapeutics

mediPhone

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Amount

$1.11M

$4.41M

$8.1M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

1

2

10

10

UTokyo Innovation Platform Portfolio Exits

3 Portfolio Exits

UTokyo Innovation Platform has 3 portfolio exits. Their latest portfolio exit was QD Laser on February 05, 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

2/5/2021

IPO

$99M

Public

3

12/21/2020

IPO

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$99M

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10

8/3/2020

IPO

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$99M

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0

Date

2/5/2021

12/21/2020

8/3/2020

Exit

IPO

IPO

IPO

Companies

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Valuation

$99M

$99M

$99M

Acquirer

Public

Subscribe to see more

Subscribe to see more

Sources

3

10

0

UTokyo Innovation Platform Fund History

2 Fund Histories

UTokyo Innovation Platform has 2 funds, including AOI Fund 1.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/9/2022

AOI Fund 1

$221.49M

1

12/15/2016

IPC Fund I

$99M

10

Closing Date

2/9/2022

12/15/2016

Fund

AOI Fund 1

IPC Fund I

Fund Type

Status

Amount

$221.49M

$99M

Sources

1

10

UTokyo Innovation Platform Team

2 Team Members

UTokyo Innovation Platform has 2 team members, including current Chief Executive Officer, Katsuhiko Oizumi.

Name

Work History

Title

Status

Katsuhiko Oizumi

Mitsui & Co. Global Investment

Chief Executive Officer

Current

Makoto Ohori

Astellas Venture Management, and Astellas Pharma

Chief Investment Officer

Current

Name

Katsuhiko Oizumi

Makoto Ohori

Work History

Mitsui & Co. Global Investment

Astellas Venture Management, and Astellas Pharma

Title

Chief Executive Officer

Chief Investment Officer

Status

Current

Current

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