Tag: SPARX

SPARX Group Co., Ltd. (SPARX; TSE Prime: 8739) today announced that its subsidiary SPARX Asset Management Co., Ltd. (SAM) established the Space Frontiers Second Fund. Seven companies have decided to back the Fund as limited partners: Toyota Motor Corporation; MUFG Bank, Ltd.; Sumitomo Mitsui Banking Corporation; Mizuho Bank, Ltd.; Mitsubishi Heavy Industries, Ltd.; Sumitomo Mitsui Trust Bank; and Development Bank of Japan Inc. Following the model the Space Frontiers Fund launched in June 2020, the Second Fund aims to support human resources and technology development in space-related industries, foster globally competitive Japanese space companies, and contribute to technological innovation throughout ... Read more

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 ... Read more