HomeJapanBeyond Next Ventures Launches 3rd Fund Focused on Deep Tech

Beyond Next Ventures Launches 3rd Fund Focused on Deep Tech

image credit: Beyond Next Ventures website
image credit: Beyond Next Ventures website

Beyond Next Ventures, Inc., a Tokyo, Japan-based venture capital firm, launched Beyond Next Ventures 3 Investment Limited Partnership (BNV Fund – 3).

With contributions from existing investors of its 1st and 2nd funds, including Organization for Small & Medium Enterprises and Regional Innovation, JAPAN, MUFG Bank, Ltd., Dai-ichi Life Holdings, Inc., Tokyo Century (USA) Inc., and with support from new investors that include SMBC Nikko Securities Inc., Mitsubishi UFJ Trust and Banking Corporation, FFG Venture Business Partners Co. Ltd. and YAGAMI Co. LTD., the fund achieved its first close with over 10 billion yen committed out of its final target amount of 25 billion yen.

BNV Fund-3 plans to invest in approximately 20-25 companies with a maximum investment per company of up to 2 billion yen. In principle, the fund leads the rounds, from seed to middle/later stages. Major investment targets include healthcare, drug discovery & biotech, agri-food, digital & space, climate tech. The operational period of the fund is up to 14 years (11 years + 3 years extension). Starting from BNV Fund – 3, the firm will implement Impact Measurement & Management practices when engaging with all potential investee companies, with an intent to generate both financial returns and societal impact through deep tech investments. Beyond Next Ventures is also committed to investing responsibly by adopting an ESG policy.

Established in August 2014 by CEO Tsuyoshi Ito, Beyond Next Ventures invests deep tech startups in Japan and India, supporting them in the commercialization of research seeds, cultivation and formation of management talent and teams, operation of shared wet labs, etc. The firm established its 1st fund (around 5.5 billion yen) in 2015 and the 2nd fund (16.5 billion yen) in 2019. They invested in about 80 companies, primarily deep tech startups in Japan and India, within fields like healthcare, agri-food, etc. In the 1st and 2nd funds, and have achieved exits through 2 IPOs (SUSMED, Inc. and QD Laser, Inc.) and 5 M&As (Repetoire Genesis, Inc., GigIndia and etc). In 2020, the firm established a subsidiary in Bengaluru, India.