GLP-backed Monoful Venture Partners Announces 13 Billion Yen First Close of Monoful Venture Partners I
Monoful Venture Partners is a venture capital arm backed by GLP that invests in start-ups that contribute to driving forward logistics and real estate ecosystem
Tokyo and Singapore, 21 December 2022 - GLP today announced that Monoful Venture Partners (“MVP”), a wholly owned subsidiary of GLP, has completed the first close of its maiden fund Monoful Venture Partners I (“MVP I”) with 12.9 billion yen (~US$96 million) in commitments. MVP is the venture capital arm of GLP that invests in growth-stage start-ups in the logistics and real estate ecosystem in Japan.
GLP has been backing start-ups in Japan since 2018 with a focus on investing and supporting companies in sectors that can support the logistics and real estate ecosystem including robotics and artificial intelligence, fintech, and e-commerce. MVP leverages GLP’s network, partnering and collaborating with portfolio companies to expand their logistics ecosystem. Upon establishment of MVP, it will, by the end of year 2022, invest in five portfolio companies.
“We are very pleased with the successful first close of Monoful Venture Partners I. The logistics industry is continuing to evolve and modernize to support a changing workforce and new logistics transportation regulations. Together with our partners, we aim to build a new-age logistics ecosystem through digitization to increase labour efficiency and improve operating workflow,” said Yoshiyuki Chosa, President and CEO of GLP Japan
About Monoful Venture Partners
Established in 2022, Monoful Venture Partners (”MVP”) is a wholly owned venture capital arm of GLP. MVP specializes in investments in sectors that support the logistics and real estate ecosystem in Japan, including robotics and artificial intelligence, fintech, and e-commerce with a focus on technology and digital transformation solutions.