Pegasus Tech Ventures, a global venture capital firm focused on startup investments and corporate innovation, today announced the expansion of its corporate venture capital (CVC) fund in partnership with Japanet Holdings Co., Ltd., the leading Japanese home shopping retailer Japanet TAKATA, bringing the total fund size to US$200 million.
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Pegasus Tech Ventures and Japanet Expand Corporate Venture Capital (CVC) Fund to US$200 Million
Pegasus is the General Partner of the fund, and Japanet is the sole Limited Partner. With this structure, 100% of the fund is committed to strategic investments for Japanet in leading global mega-ventures as well as next-generation startups with breakthrough technologies in Generative AI, Physical AI, Space Tech, and other frontier innovation sectors.
Japanet and Pegasus have already been collaborating for approximately four years, with Pegasus providing Japanet with access to the startup ecosystems centered in the United States, Europe and Japan. During this period, they have made investments in several mega-startups, including SpaceX, OpenAI, Anthropic, and xAI, all of which have achieved significant growth.
Pegasus also provides Japanet with direct connections to portfolio investments, enabling Japanet to pursue deeper relationships with these companies, frequently including commercial relationships. Through these hands-on efforts, Japanet has steadily achieved both strategic and financial results. Based on this track record, the decision has been made to expand the fund size and advance into a full-scale global investment phase.
Comment from Akito Takata, President & CEO of Japanet Group:
“At Japanet, we value the three-step philosophy of ‘Discovering, Polishing, and Communicating.’ In the first stage of ‘Discovering’—finding hidden gems around the world—our partnership with Pegasus Tech Ventures and their global community has been truly invaluable. Moving forward, we are excited to continue leveraging this fund to seek out the world’s latest technologies and create new value that brings more joy and enrichment to our customers’ everyday lives.”
Comment from Anis Uzzaman, Founder & CEO of Pegasus Tech Ventures:
“Over the past four years, we have built a strong relationship of trust with the Japanet Group. Leveraging our firm positioning in the United States and our global access originating from Silicon Valley, we have provided investment opportunities in startups driving the world’s mega-trends. With this US$200 million fund, we will further accelerate investments that are expected to generate both strategic and financial returns in the fields of Generative AI, Physical AI, and Space Tech.”
About Japanet Group
Under its corporate philosophy of “Joy of sharing happy moments”, the Japanet Group operates a mail-order/e-commerce business alongside sports and regional revitalization businesses. The core of its operations lies in “discovering” quality products, services, regional attractions, entertainment, and information that are hidden from the world, “polishing” their appeal, and “communicating” them in an easy-to-understand manner. The Group is committed to enriching the “present” for all those connected to it, addressing a range of social issues not only through “healthy management” practices, but also through “educational support for children around the world” and “disaster relief support.” For more information, please visit: https://corporate.japanet.co.jp/en/
About Pegasus Tech Ventures
Pegasus Tech Ventures is a global venture capital firm headquartered in Silicon Valley, backed by limited partners that include more than 40 major corporations worldwide, making Pegasus the world’s leading provider of CVC management services. Pegasus focuses on supporting corporate innovation and accelerating corporate growth on a global scale. The firm has invested in world-class companies such as SpaceX, OpenAI, Anthropic, Twitter (now X), Airbnb, SoFi, DoorDash, and Coinbase, as well as other prominent startups around the world. To date, Pegasus has invested in more than 290 startups globally, with assets under management totaling over USD $2 billion. For more details, please visit: https://www.pegasustechventures.com
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