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UTEC Launches AUGMENT, a Global Collaboration Program with Amadeus Capital Partners – Accelerating the Globalization of Deep Tech Startups in Japan and Europe
The University of Tokyo Edge Capital Partners, Inc. (Head office: Bunkyo-ku, Tokyo; President: Tomotaka Gouji; hereinafter "UTEC") has completed its investment in the Amadeus V Technology Fund, a fund of approximately 110 million pounds, set up by Amadeus Capital Partners Ltd. (Head Office: London, UK; Chief Executive and Co-founder: Anne Glover; hereinafter "Amadeus"), a leading deep-tech venture capital fund in the UK and Europe, has completed an investment of approximately 110 million pounds in the Amadeus V Technology Fund. In addition, in order to accelerate the globalization of startups in the deep tech area in the UK, Europe and Japan, a new collaborative program, "AUGMENT" (Amadeus UTEC Global Market Expansion of Novel Technologies), was concluded, The collaboration started in August 2021.
Since its establishment in 2004, UTEC has been working earnestly with entrepreneurs, scientists, and engineers, and has achieved results through numerous investments in startups that challenge global and human challenges. In collaboration with the University of Tokyo and other domestic and international academia, UTEC has provided consistent hands-on support to a wide range of startups with strengths in science and technology from the seed/early stages. Of these, 13 have gone public and 12 have achieved exits through M&A, etc. The total market capitalization of the 13 companies that have gone public has reached 1.5 trillion yen (as of December 2020). UTEC has also been working to support the globalization of startups in Japan and overseas by establishing strong relationships with top-tier VCs specializing in technology in various regions of the world, including Amadeus, which has just announced a new collaboration program, ARCH Venture Partners in the U.S., and BLUME Ventures in India. Amadeus has been working with top-level VC firms specializing in technology from around the world in solid partnerships, including Amadeus, which has been in business since its establishment in 1997.
Amadeus has been investing in technology startups for over 20 years since its founding in 1997. The firm invests in early-stage startups in the UK and Europe, as well as in primary and growth markets in Europe and Latin America. Total assets under management amount to over £710 million, and we have supported over 180 startups to date. Amadeus has offices in London and Cambridge (UK), Bogota (Colombia), San Francisco (USA), and São Paulo (Brazil), and approximately 40 members. startups that Amadeus has funded and EXIT include cybersecurity vendor Forescout Technologies (NASDAQ:FSCT), Graphcore, a developer of innovative microprocessors, Igenomix, an IVF genetic testing company, CSR, the first single-chip Bluetooth solution, B2B online marketplace IndiaMART (NSE:INDIAMART), and voice recognition company VocalIQ, among others.
UTEC's investment in the Amadeus V Technology Fund, a fund with a total value of approximately 110 million pounds, is managed by Amadeus and was established in March 2019. It is a platform for executing early-stage investments in startups in the deep tech space from around the world; UTEC is the only LP from Japan participating in the Fund. In addition, in August 2021, the two companies launched a new collaborative program, "AUGMENT," to accelerate the globalization of deep tech startups in the U.K., Europe, and Japan. Based on this program, we will jointly execute investments in startups in the UK and Europe, and support exit strategies such as IPOs and M&As in the Japanese market, as well as business entry. In addition, we will promote partnerships with universities, research institutes, and large companies in Japan and abroad to create opportunities for joint research, joint development, and business collaboration. Similarly, in overseas markets, UTEC will support Japanese startups as they enter the UK and European markets, with the aim of creating innovation that transcends national borders.
UTEC will continue to work with universities, research institutions, and partner investment institutions in Japan and abroad to support the creation and growth of startups that can strongly promote businesses that leverage superior science and technology on a global scale. Through investment in startups, Amadeus TEC will contribute to solving global issues of humanity by creating a virtuous cycle of capital, human resources, and wisdom in various industries, academia, countries, and regions.
Amadeus Partner Pierre Socha commented: "We have started working together with the aim of enhancing and accelerating the support for deep tech startups with innovative potential through our respective networks. We hope that the development of AUGMENT will serve as a bridge of innovation between the two island nations and make global expansion more accessible and realistic for ambitious early-stage deep tech ventures.
UTEC Director / Partner Noriaki Sakamoto Comments In recent years, we have seen a great deal of momentum in science and technology startups in Europe, particularly in the UK, and also a great potential for synergies with Japanese companies and the Japanese market. We hope that the newly announced "AUGMENT" partnership will further accelerate the globalization of technological and scientific innovation in the UK, Europe, and Japan.
Through AUGMENT, Amadeus and UTEC will work together to support technology start-ups through their respective academic and industrial networks, in-depth knowledge of cutting-edge science and technology, and access to local markets.
About Amadeus Capital Partners
Company name: Amadeus Capital Partners Ltd
Head office: 4th Floor,130 Jermyn Street,London SW1Y 4UR,UK
Representative: Chief Executive and Co- founder Anne Glover
founder: Anne Glover
URL: https://www.amadeuscapital.com