Tokyo – July 1, 2022 –Toppan (TYO: 7911), a global leader in communication, security, packaging, décor materials, and electronics solutions, established “TGVP” (Legal name: Toppan Global Venture Partners, Inc.), an investment management company, on June 1 and has launched its first fund, TGVP Fund I, LP, with the aim of accelerating open innovation based on collaborating with promising startups in international markets, particularly in the United States.
Toppan has invested in or formed alliances with more than 50 startups in and outside Japan since 2016. The company is advancing business in collaboration with such startups to achieve its medium-term plan, which sets out a vision of becoming a leader in solutions to social issues worldwide through digital transformation (DX) and sustainable transformation (SX).
Toppan has therefore established a corporate venture capital (CVC) fund in the United States to power further business development driven by investments outside Japan. With a primary focus on North America and Europe, Toppan will accelerate transformation of its business portfolio by partnering with innovative startups that bring to the table development technologies for new eco-friendly services and products.
Overview of TGVP Fund I, LP
|Established||June 13, 2022|
|Total committed capital||US$40 million|
|Investment targets||Startups outside Japan with which transformation can be targeted based on technologies or business models aligned with the Toppan Group’s strategy focused on the fields of DX and SX.|
Overview of TGVP
|Established||June 1, 2022|
|President & CEO||Yuhei Yano|
|Ownership||Toppan Inc. 100%|
Established in Tokyo in 1900, Toppan is a leading and diversified global provider committed to delivering sustainable, integrated solutions in fields including printing, communications, security, packaging, décor materials, electronics, and digital transformation. Toppan’s global team of more than 50,000 employees offers optimal solutions enabled by industry-leading expertise and technologies to address the diverse challenges of every business sector and society and contribute to the achievement of shared sustainability goals.
For more information, visit https://www.toppan.com/en/ or follow Toppan on LinkedIn https://www.linkedin.com/company/toppan/.