A venture capital arm of global investment manager GLP has raised an initial JPY12.9bn (€90m) for its maiden fund to invest in start-ups in Japan’s logistics and real estate ecosystem.

Monoful Venture Partners (MVP) has received the capital commitments for Monoful Venture Partners I, a fund seeking to invest in growth-stage companies that contribute to the ecosystem.

Yoshiyuki Chosa, president and CEO of GLP Japan, said: “The logistics industry is continuing to evolve and modernise to support a changing workforce and new logistics transportation regulations. Together with our partners, we aim to build a new-age logistics ecosystem through digitisation to increase labour efficiency and improve operating workflow.”

MVP, which was set up this year, specialises in investments in sectors that can 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.

GLP said MVP has so far invested in five portfolio companies.

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