AVF-I has completed investments in six enterprises based on its "4D" focus domains - Data, Device, Decentralized, and Design - which are also Asteria's research and development strategies. AVF-I has already achieved major results: among the portfolio companies, Gorilla Technology Group Inc. ("Gorilla") went public on the Nasdaq in July 2022. The investment into Gorilla (1.3 billion yen) has grown to approximately 10.8 billion yen*2 valuation as of September 20.
Asteria Group therefore has decided to launch AVF-II to further accelerate its growth. AVF-II will begin soliciting investors in October 2022 with a mission to invest based on its "D4G" focus domains - Data, Device, Decentralized, Design for Green. It will form a $30 million to $40 million fund capitalized mainly by Asteria and also backed by several limited partners with an eye to starting investment activities in early 2023.
Name | Asteria Vision Fund II L.P. |
Managing Director | YOSHIDA Shinji(Managing Director) |
Location | The U.S. state of Delaware |
Planned launch date | January 2023 |
Target |
Focus domains "D4G" Data :AI, Quantum Computing Device :IoT, Wearable devices Decentralized :Blockchain, Web3 Design :Technology Bridge Green :Sustainability |
Planned Number of Portfolio Company | Around 20 companies |
Fund Size | $30 million to $40 million |
Investment Period | 10 years (from 2023 to2033) |
Company | Main location | Business area |
Gorilla Technology | Taiwan | AI (Edge computing) |
Space X | United States | Rocket, satellite internet service |
JPYC | Japan | Stablecoin |
Workspot | United States | Remote desktop |
Imagine Intelligent Material | Australia | Graphene & sensors |
Not disclosed | Not disclosed | Not disclosed |
Asteria plans to start investment activities with an eye to making a contribution to the performance in the medium to long term. We will disclose the specific financial impacts and other related information as necessary.
*2: Assumption: 1 USD = 130 yen, the exchange rate that Asteria assumed for the full-year forecast.
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TEL: +81-3-5718-1297 / Mobile: +81-80-7716-9841 (Koizumi) / E-mail: press@asteria.com
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Asteria Corporation published this content on 20 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2022 07:09:00 UTC.