Notice

NHN JAPAN Establishes Corporate Venture Capital Firm “NHN CAPITAL ”

2017.07.12

NHN JAPAN Corp. (Headquarters: Minato, Tokyo; CEO: Tadahiro Izumi; henceforth NHN JAPAN) funds start-up companies that have excellent ideas and technology, and on July 12, with the goal of creating new value via open innovation, NHN JAPAN is proud to announce that they will be establishing NHN CAPITAL Corp. (Headquarters: Minato, Tokyo; CEO: Masaki Kato; henceforth NHN CAPITAL ), a company that will embark on starting corporate venture capital (henceforth: CVC) endeavors.

1.Goals of Establishing Subsidiary Companies (CVC)

The vision of the NHN Group is that their “Next Human Network will realize interpersonal connections through the limitless potential of the internet and at the same time help build a prosperous society.” The global company works to develop multiple enterprises primarily in the Asia Pacific region (including Japan, Korea, China, Taiwan, Thailand, Singapore, and the United States).

In terms of domestic Japanese endeavors, the company is engaged in gaming and comic related content services as well as the IT field including cloud hosting, data science, securing, and e-commerce support. Recently, a new undertaking the company has involved itself through open innovation is starting offshore software development in Vietnam, working to expand the field in a number of different ways so as to create new value from those endeavors.

The goal of founding NHN CAPITAL is to drive the potential to create new value from open innovation even further. In addition to providing funds to our investments, the NHN Group will work to help support the growth of these investments via our diverse range of assets and knowhow, be it from within or outside of Japan, eventually working to contribute to the development of internet business around the world.

2. NHN CAPITAL Company Outline

Firm Name NHN CAPITAL Corp.
Location 1-23-1 Toranomon, Minato, Tokyo
Representative Masaki Kato, CEO (Representative Partner)
Description of
Business
Corporate venture capital (CVC), business investment and consultation
Capital ¥50,000,000
Founded July 12
Areas of
Investments
Enterprises that can be expected to synergize into the IT field and are primarily located in areas in which NHN Group offices exist
Total Investments ¥5,000,000,000

*All listed instances of company names or products are registered trademarks or trademarks of their respective company.

*All information listed here is relative to the day it was announced. The content may be changed without notice at a later date.

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