ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconIcon FacebookIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter

New venture fund seen linking Japan, Silicon Valley

SILICON VALLEY -- A $335 million venture capital firm whose founders include Mitsubishi Corp. and a former U.S. ambassador to Japan have begun making investments that the fund's Japanese backers hope will strengthen the pipeline between Japan and Silicon Valley.

Geodesic Capital partner John Roos led a law firm that represented startups before his appointment as ambassador, and he maintains a wide network in the industry. The fund's founders also include Ashvin Bachireddy, a former partner at major tech venture fund Andreessen Horowitz.

More than 10 Japanese corporations have backed Geodesic, including Sumitomo Mitsui Banking Corp., Bank of Tokyo-Mitsubishi UFJ, Sompo Japan Nipponkoa Insurance, Mitsubishi Heavy Industries and Nikon. The fund will invest in startups looking to expand to Japan and other markets outside the U.S. as well as help Japanese companies network in Silicon Valley.

Financial institutions aim to develop services by working with financial technology startups. Manufacturers seek input from ventures to create new services and reform production processes. Geodesic will draw on Roos and Bachireddy's network to connect Japanese companies to the valley, not only financially but also in terms of talent and business opportunities.

The fund has invested in four U.S. firms including image-sharing app Snapchat and a security company. It plans to get involved with a wide range of services and software such as artificial intelligence and cloud infrastructure.

You have {{numberReadArticles}} FREE ARTICLE{{numberReadArticles-plural}} left this month

Subscribe to get unlimited access to all articles.

Get unlimited access
NAR site on phone, device, tablet

{{sentenceStarter}} {{numberReadArticles}} free article{{numberReadArticles-plural}} this month

Stay ahead with our exclusives on Asia; the most dynamic market in the world.

Benefit from in-depth journalism from trusted experts within Asia itself.

Try 3 months for $9

Offer ends September 30th

Your trial period has expired

You need a subscription to...

See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

See all offers
NAR on print phone, device, and tablet media