Japan-based electronic component manufacturer Restar Holdings has teamed up with SBI Investment, a subsidiary of financial services firm SBI, to form a corporate venture capital (CVC) fund of undisclosed size.
Founded in 2009, Restar provides contract manufacturing services concentrating on image sensors, semiconductors and electronic components. The group also runs renewable energy installations and vegetable farms.
Restar-SBI Innovation will leverage SBI Investment’s deal sourcing experience and back startups in Japan and elsewhere that have the potential of creating synergies with Restar. Target areas will include business digitalisation as well as medical and nursing care.
SBI Investment announced, alongside the partnership, that it is managing roughly ¥100bn ($909m) on behalf of corporates, including vehicles for DIP, Fuso, House Group, Intage, Medipal, Mitsui Mining & Smelting, Nikon, Subaru, Sumitomo Life and Sumitomo Mitsui Trust Bank.
