SPARX Group Launches Mirai Creation Fund IV with Toyota and Banks Targeting JPY100 Billion
SPARX Group has established Mirai Creation Fund IV, a venture capital fund backed by Toyota and three major Japanese banks with a target of JPY100 billion in total commitments.
- JPY100 billion
- JPY15 billion
What Happened
SPARX Group has launched the Mirai Creation Fund IV, with Toyota Motor Corporation, Sumitomo Mitsui Banking Corporation, MUFG Bank, and Mizuho Bank participating as initial seed limited partners. The fund will target promising unlisted venture companies in Japan and abroad across four categories: Intelligent Technologies, Robotics, Carbon Neutrality, and Space. It plans to begin investment management operations in June 2026 and aims to reach a total fund size of JPY100 billion by March 2027.
JPY100 billionyen
SPARX aims to achieve this total by March 2027, with an initial JPY15 billion from the five founding investors.
Mirai Creation Fund I begins investment management operations.
Mirai Creation Fund II starts.
Mirai Creation Fund III commences, investing in six categories.
Mirai Creation Fund IV begins investment management.
- Intelligent Technologies, Robotics, Hydrogen Economy, Electrification, New Materials, Carbon Neutrality
- Intelligent Technologies, Robotics, Carbon Neutrality, Space
Why this matters
This fund aims to invest in startups in intelligent technologies, robotics, carbon neutrality, and space, potentially accelerating innovation in these fields through significant capital.
Terms in This Story
- seed LPs
- Limited partners who provide the initial capital for a fund, often including the fund manager and strategic investors.
- investment management operations
- The activities of managing a fund's investments, including sourcing, evaluating, and overseeing portfolio companies.
- carbon neutrality
- Achieving net-zero carbon dioxide emissions by balancing emissions with removal or offsetting.
Summarised from the linked release; details can be imperfect — always verify against the original source.