Private Equity in Japan : INCJ to make investment in Axelspace Corporation Company provides integrated microsatellite services from development to data analysis and aims to build a global observation network
Dec 10, 2018
byInvestment in Japan
Private Equity in Japan
Tokyo, December 7, 2018 — INCJ Ltd. (‘INCJ’) announced today its decision to make an investment of up to JPY 850 million in Axelspace Corporation (Axelspace) to be used for accelerating its business, and the completion of JPY 600 million of this phased investment. In addition, the investors in this round of financing include 31 Ventures Global Innovation Fund I (managed by Mitsui Fudosan and Global Brain Corporation), UTokyo Innovation Platform Co., Ltd, SBI Investment Co., Ltd., and the Dai-Ichi Life Insurance Company, Ltd.