Incubate Fund is an independent early-stage venture capital that specializes in providing capital to technology startups at the seed stage. The firm built a portfolio of over 300 companies in Asia, taking 12 companies to public and 20 companies to M&A exit since 2010.

Incubate Fund

Infinity Ventures is now Headline Asia. At Headline Asia, we strive to invest in and create venture companies with infinite possibilities.

Headline Asia (formerly Infinity Ventures)

STRIVE focuses on investing in early-stage (Seed to Series A) internet and mobile companies. It seeks out companies in Japan, Southeast Asia, and India with top-notch management teams and strong market potential. It is not tied to strategic investments for GREE Inc. and leverages its pan-Asia expertise for guiding its portfolio in an engaged, hands-on role.

STRIVE

Mitsubishi UFJ Capital is a venture capital firm focusing on life science, ICT, and high technology investments.

Mitsubishi UFJ Capital

DBJ Capital Co., Ltd. was founded in June 2010 through the integration of two venture capital firms of the DBJ Group, New Business Investment Co., Ltd. and Intellectual Properties Development & Investment, Inc. We are a wholly-owned subsidiary of Development Bank of Japan Inc. At DBJ Capital, we focus on venture firms which use new technologies and business models to grow and compete on the global market, regardless of their industry or scale. To meet the particular needs of each client, we mobilize the entire DBJ Group to arrange the best investment solutions, ranging from growth-spurring equity investment to financing schemes drawing on DBJ's vast networks. We also assist in venture start-ups. Our value enhancement team provides the kind of comprehensive, hands-on support needed to commercialize outstanding intellectual property and technologies developed by firms, research labs, and universities, and to carve out a place for them in the market. DBJ Capital will continue to play in a part in Japan's economic revival - by helping the firms we invest in to grow, and by encouraging the creation of new industries in Japan.

DBJ Capital

Sumitomo Mitsui Banking Corporation (SMBC) and its group companies offer a broad range of financial services centered on banking. They are also engaged in the leasing, securities, credit card, investment, mortgage securitization, venture capital and other credit related businesses. The following lists the activities of SMBC, its subsidiaries and affiliates in the various business segments.

SMBC Venture Capital

Mizuho is the venture capital firm affiliated to Mizuho Bank, the second-largest Japanese bank in terms of assets. The firm has headquarters in Tokyo. The firm has ¥49.6 billion JPY under management, focusing on information technology and biotechnology investments. Over 600 Mizuho companies have gone public. According to Nikkei, Mizuho is the fifth-largest venture capital firm in Japan. Mizuho Capital was formed in 2002 by the merger of Fujigin Capital, Tokyo Venture Capital and IBJ Investment. Three firms were subsidiaries of Fuji Bank, Dai-Ichi Kangyo Bank and the Industrial Bank of Japan respectively.

Mizuho Capital

SBI Investment supports the business development and growth of private venture companies through fund investment. It manages and manages venture capital funds under the management philosophy of becoming a leading company responsible for the creation and development of core industries in the 21st century as a ''new industry creator''. SBI Investment has invested in a total of 986 companies in the past, of which 169 (17.1% of investment companies) have exited through IPO or M & A.

SBI Investment

SBI Group aims to become a corporate entity that provides a variety of one-stop financial services over the Internet now that two major events, the Financial Big Bang resulting from deregulation, and the Internet Revolution resulting from IT innovation, have radically transformed the financial industry.

SBI Group

Mirai Creation Fund invests in companies and projects that use the latest technologies and business models.   The Fund began operations in November 2015 with financing from three companies: Toyota Motor Corporation, Sumitomo Mitsui Banking Corporation, and SPARX Group Co., Ltd.  As the Fund's manager, SPARX targeted three investment areas in intelligent technology, robotics and technologies for a hydrogen-powered society. In the second half of 2018, SPARX launched Mirai Creation Fund II which broaden the investment categories to include electrification and new materials.  Since its inception, Fund I and II have accumulated an extensive track record of investing in promising companies in Japan and across the world.

Mirai Creation Fund

Global Brain Corporation is a venture capital firm that invests in companies from seed or early to pre-IPO startups.  Global Brain has invested in 300+ startups from seed/early to pre-IPO startups and achieved 25 IPOs and 61 M&As as a result of providing hands-on support services and resources to its portfolio startups. Global Brain has managed a pure investment fund as well as multiple corporate venture capital funds partnered together with tier 1 public companies of telecom, real estate development, financial service, beverages, agriculture food, logistics, and electronic devices.

Global Brain Corporation

Sony Innovation Fund is the corporate venture capital arm of Sony that invests and engages in early-stage companies. Beyond investment, our mission is to provide resources such as access to the broader Sony world and its global network, as well as collaborate with startups to:  • Foster business creation in related lines of business and new areas of interest to Sony  • Catalyze a talented and passionate team  Sony innovation Fund was founded in 2016.

Sony Innovation Fund

Sony Financial Ventures is the wholly owned investment subsidiary of Sony Financial Holdings Inc.

Sony Financial Ventures

Resona Capital is a micro-venture capital fund specialized in early-stage investments. The firm was founded in 1988 and based in Tokyo, Japan.

Resona Capital

Sumitomo Mitsui Trust provides Japanese equity products for corporate and governmental pension funds. SMTB also provides products investing in Asian equities. The capability was developed through its experience in Japanese equity, although it maintains an investment team in Hong Kong.

Sumitomo Mitsui Trust Investment

OPT Ventures is an investment and incubation firm that offers startups with venture capital, investments, IPO advice, management information services, and more. The company was established on February 27, 2015, and operates as an investment subsidiary of Opt Holding Corporation, an e-marketing company based in Tokyo, Japan.

OPT Ventures

NEC Capital Solutions Limited provides financial services in Japan.  It's Main Business is Leasing for Information and Communication Equipment, Office Equipment, Industrial Equipment and Installment Sales, Business Loans, Factoring Services, Business Outsourcing and Sales of Used Equipment.

NEC Capital Solutions

The University of Tokyo IPC is a company responsible for expanding the innovation ecosystem. Accelerate global innovation from the University of Tokyo through three activities: start-up support, investment business, and corporate innovation support.

UTokyo Innovation Platform

Mizuho Bank is a commercial bank that began operation on July 1, 2013, with its headquarters in Tokyo in Japan. It offers corporate and investment banking services to major corporations, financial institutions, and public sector entities. It also provides current and ordinary, deposits at notice, time, and specified deposits, deposits for tax, nonresident deposits in yen, foreign currency deposits, negotiable time deposits and loans by bill, loans on a deed, and overdrafts as well as discounts for bank acceptances, commercial papers, and documentary bills.  Moreover, it offers investment banking and custodial, syndication, bond administrative, real estate finance, acquisition finance and corporate restructuring, project, and asset finance services, settlement and asset management services. It operates as a subsidiary of Mizuho Financial Group.

Mizuho Bank

Chiba Dojo is an entrepreneurial community that supports startup companies in various stages from seed to pre-IPO.

Chiba Dojo

Wealthnavi

WealthNavi offers a platform for asset managers which uses risk management algorithm for asset management advice.

WealthNavi Inc. is a Japanese financial technology company that operates Japan's largest robo-advisor platform. The company's flagship service, "WealthNavi," provides automated investment advice and portfolio management to individual investors. As of December 2021, WealthNavi led the Japanese market in terms of assets under management and number of users among specialist online operators.

"1. MUFG to take $100m stake in Japan's top robo-adviser

WealthNavi : Announcement of launching a new TV commercial

Retail investors demanding sophisticated passive investment strategies are looking for an edge.

Retail Trading Infrastructure

Mitsubishi UFJ to Acquire WealthNavi

WealthNavi Inc. is a Japanese financial technology company that operates Japan's largest robo-advisor platform. The company's flagship service, "WealthNavi," provides automated investment advice and portfolio management to individual investors. As of December 2021, WealthNavi led the Japanese market in terms of assets under management and number of users among specialist online operators.
Key customers and partnerships
In February 2024, Mitsubishi UFJ Financial Group (MUFG) announced plans to invest 15 billion yen (USD 100 million) in WealthNavi through a private placement. This investment is expected to give MUFG Bank, the group's flagship unit, a stake of over 15% in WealthNavi, making it an equity-method affiliate. As part of this partnership, MUFG Bank plans to offer a service recommending investment products, mortgages, and insurance policies to customers based on their assets, leveraging WealthNavi's technology. WealthNavi is set to maintain its listing on the Tokyo Stock Exchange and retain its current leadership team, with MUFG Bank sending a director to join WealthNavi's board.

Ellevest is a hybrid investment management platform that specifically targets women, with an algorithm that takes into account gender-specific factors such as career breaks, longer life expectancy, and income differences.Ellevest offers a single plan at USD 12 per month. This plan includes investing and educational resources as well as up to 50% off all financial planning sessions. Unlike some investing companies that charge separate advisory fees based on a percentage of invested assets, Ellevest incorporates investment advice into the plan fee. For clients with USD 1 million or more to invest, Ellevest provides Private Wealth Management services with fees based on total assets under management, covering both financial planning and investment management. The company's investment portfolios incur fund fees or expense ratios, which are built into the purchase price of investments. For Ellevest core (non-Impact) portfolios, ETF fund fees range from 0.05% to 0.10% per year, while Ellevest Impact Portfolios have ETF and mutual fund fees ranging from 0.13% to 0.19% per year.Ellevest reported assets under management (AUM) of USD 2 billion as of March 2024.

Ellevest

ComposedPro is a digital investment advisor that handles clients’ investment accounts at their employers (such as employer-sponsored accounts) as well as private investment accounts, focusing on low cost Employer-Coordinated Portfolios. The company oversees USD 25 million in total assets over 181 customer accounts as of the company’s Q2 2020 filing. ComposedPro manages half of the company’s accounts on a discretionary basis, meaning an investment advisor has the discretion to make buy and sell decisions for a client’s account. ComposedPro also has 46 non-discretionary accounts totalling USD 7.9 million in assets. The average investment account size is USD 138,222 placed across exchangeable assets such as exchange-traded funds (ETFs), equities, bonds, and options.

ComposedPro

Guideline provides automated investment management services for employer-sponsored retirement accounts. The services also include plan set-up and administration, enrollment and education, recordkeeping, compliance with Retirement Income Security Act, and reporting.The company stated that it is the only provider that does not charge plan participants (i.e. employees) with any fees. Guideline charges the employers with a straightforward pricing of one flat fee per participant, in contrast to the asset-based fee model predominant in the industry (i.e. fee is charged on account balances).Guideline offers three subscription tiers for a 401(k) plan service: Starter, Core, and Enterprise. The Starter plan costs USD 39/month plus USD 4/month per active participant, offering basic features with a USD 6,000 employee contribution limit. The Core plan, priced at USD 89/month plus USD 8/month per active participant, provides more robust features including a USD 23,000 employee contribution limit, Safe Harbor or Traditional 401(k) options, employer contributions, and profit-sharing capabilities. The Enterprise plan, at USD 149/month, offers the most customization with exclusive pricing options, premium support, and access to Participant Perks. The higher tiers incrementally add features such as flexible plan design, vesting schedules, 401(k) loans, and support for plan transfers. All plans include basic administration services, while the Enterprise tier provides additional benefits like dedicated support, priority assistance, and exclusive pricing options.Key customers and partnershipsAs of August 2024, the company had invested USD 15 billion dollars for retirements.

Guideline

Based in Plano, Texas, AssetBuilder is a robo-advisory company that develops investment portfolios based on the Fama/French school of thought, using low-cost active index funds. It has Dimensional Fund Advisors (the eighth largest fund company in the world as of September 2019) as its funding partner. Human advisors are available to provide investing guidance. As of April 2019, the firm’s assets under management (AUM) amounted to USD 765.9 million. The firm’s business model relies on a fee-only structure, meaning a customer solely pays AssetBuilder to create and manage investments (the company does not receive product-specific commission). The minimum investment for AssetBuilder is USD 50,000 with an asset management fee ranging from 0.24% to 0.45%; the higher the investment, the lower the fee. Though the firm does not have a setup fee, it requires a custodial cost for setting up a portfolio of USD 11.95 per trade for each recommended mutual fund. Most of the platform’s portfolios require about 11 to 14 mutual funds, costing about USD 131.45 to USD 167.30 to open an account.

AssetBuilder

Based in Canada, Smart Money Invest provides portfolio management services to individual clients, advisors, and employers (such as group saving plans for retirement). Human advisors are available to serve individual investors.The company provides financial tools to develop a long-term financial strategy by calculating net worth, setting a budget, managing investment accounts, and planning for retirement.

Smart Money Invest

Robo advisory startups that offer automated investment services directly to individuals solely via digital platforms.

Robo advisory startups that offer automated investment services to individuals via both digital platforms and human financial advisors.

Provide solutions for financial advisors/asset managers to automate wealth management and administration functions.

Robo advisory startups that offer automated investment services to businesses via both digital platforms and human financial advisors.

Provides solutions for financial institutions to set up their own robo-advisory function and offer services to clients.

Startups that offer online platforms for investors to trade various securities such as stocks, ETFs, and options directly via the platform

Operates a B2B SaaS model to support financial institution in offering various investment related services

Leverages AI/ML to automate allocation and management of investment funds to cater to retail investors

ANALYST_QUICK_TAKE

<div>
 Mitsubishi UFJ Financial Group (MUFG) in Japan has revealed its plans to procure WealthNavi, a robo-advisory platform also based in Japan, for a sum of USD 664 million or approximately JPY 99.7 billion. The arrangement entails a tender offer valued at JPY 1,950 or around USD 13 per share, a value which is 84% more than the last closing price of WealthNavi.
 This acquisition compliments MUFG's goal to diversify its digitised services and boost its associations with fintech establishments. MUFG aims to widen its reach in the investment sector of Japan and fortify its offerings in digital financial facilities via this procurement.
 WealthNavi was recorded to have managed in excess of JPY 1 trillion or roughly USD 6,700 in assets as of January of the current year.
 
</div> Analyst QuickTake: 
 Last week, Robinhood <a href="https: 
//sp-edge.com/updates/36495"> announced to acquire </a> TradePMR for USD 300 million in a stock and cash deal. Robinhood planned to enter the USD 7 trillion RIA industry, targeting wealthier investors seeking advisory solutions and catering to its maturing customer base, through this acquisition.

Wealthnavi

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