お知らせ

Mitsui Fudosan Co., Ltd. (Mitsui Fudosan)  has made new strategic LP investments in three funds formed by venture capital (VC) firms with strengths in the decarbonization space. With these investments, Mitsui Fudosan will accelerate its “Group Action Plan to Realize a Decarbonized Society” by 2050.

Mitsui Fudosan’s corporate venturing arm (31VENTURES) manages corporate venture capital (CVC) funds totaling 43.5 billion yen and has invested in approximately 60 startups (of which approximately 30% are overseas) as of March 2024. In addition, to discover startups on a global scale, Mitsui Fudosan has made over 40 strategic LP investments in VC funds in Europe, the U.S., Israel, and Asia.

As the first round, Mitsui Fudosan has made strategic LP investments in three VC funds specializing in decarbonization previously. In addition, as the second round, Mitsui Fudosan has made investments in three new funds formed by the following VC firms, which is the first and sole initiative for each fund by a Japanese real estate developer.

（1）Breakthrough Energy (U.S.):  Breakthrough Energy is a network of investment vehicles, philanthropic programs, policy advocacy and other activities committed to scaling the technologies we need to reach net-zero emissions by 2050. It has a purpose-built investment firm, Breakthrough Energy Ventures, that is seeking to invest, launch and scale global companies that will eliminate GHG emissions throughout the economy as soon as possible.

（2）Just Climate (UK):  Established by Generation Investment Management, Just Climate is a mission-driven investment business targeting attractive risk-adjusted returns by backing the highest impact climate solutions. Just Climate has two strategies, Industrial Climate Solutions and Natural Climate Solutions. 

（3）ONE Innovators (Japan):  ONE Innovators is a Japanese VC firm specializing in decarbonization. With the aim of achieving carbon neutrality in Japan by 2050, it accelerates technological innovations that will be implemented in society by around 2035.

Mitsui Fudosan will continue to monitor a wide range of technological and business innovations related to decarbonization from a global perspective, identify an opportunity and co-create a new value and solution with startups, and deliver an outcome on its Group Action Plan with the goal of achieving net zero greenhouse gas emissions by 2050.

Outline of the VC firms that form the funds invested in (alphabetical order)

（1）Breakthrough Energy
URL                      https://breakthroughenergy.org/
Established in        2016
Headquartered in   Boston, U.S.
Investment Focus   Climate Tech in a field of Buildings, electricity, manufacturing, transportation, agriculture, etc.

（2）Just Climate
URL                      https://www.justclimate.com/
Established in        2021
Headquartered in   London, UK
Investment Focus  The Industrial Climate Solutions strategy is a global growth capital strategy designed to accelerate commercialization of solutions for the high-emitting industrial sectors that are most off track with net zero. The strategy is focused on four sectors: energy, industry, mobility and buildings.

（3）ONE Innovators
Established in        2023
Headquartered in   Tokyo, Japan
Investment Focus  Decarbonization of the electricity network, decarbonization driven by local initiatives, etc.

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