Tokyu Fudosan establishes second CVC fund with SBI Investment as General Partner

Tokyu Fudosan Holdings announced the joint establishment of a JPY 50 billion corporate venture capital (CVC) fund, “TSVF2 Investment Limited Partnership” (hereinafter “CVC2”), with SBI Investment as the General Partner. This fund aims to strengthen the value chain through partner collaboration, address social issues, and enhance corporate value by leveraging regional resources to create added value.

Tokyu Fudosan recognizes the need to move away from a self-sufficient approach and embrace external collaboration for rapid growth amidst the rapidly changing market environment. The company strives to enhance existing businesses, expand business domains, improve productivity, and enhance the value of its urban spaces, particularly within the greater Shibuya area. Building upon the success of its first CVC fund, “TSVF1 Investment Limited Partnership” (hereinafter “CVC1”), established in 2017 with a total of JPY 50 billion, which has invested in 37 startups, Tokyu Fudosan continues to actively engage in external partnerships.

CVC2 will strategically realize the Group’s future vision and contribute to the overall development of society. In line with the company's long-term vision, “GROUP VISION 2030,” the fund will focus on co-creating technologies and services that contribute to environmental management and digital transformation (DX). Furthermore, CVC2 aims to strengthen the international competitiveness of the greater Shibuya area, create added value by utilizing regional resources, and enhance corporate value through mid- to long-term synergy development and new business creation.

Fund Overview

• Fund Name: TSVF2 Investment Limited Partnership
• General Partner: SBI Investment
• Limited Partner: Tokyu Fudosan Holdings
• Fund Size: JPY 50 billion
• Investment Period: 10 years
• Target Stage: Early to late stage
• Investment Scope:
  1. Vision Investment (Environmental Management, DX)
  2. Strengthening International Urban Competitiveness (Enhancing the Value of the Greater Shibuya Area)
  3. Creating Added Value Based on Regional Resources
  4. Business Domain Expansion and Competitiveness Enhancement + Productivity Improvement and Operational Efficiency
  5. Investment in Disruptive and Innovative Fields
  6. Follow-on Investments

Examples of Collaboration through CVC1

• HashPort: Sale of Japan's first ski NFT, "Niseko Powder Token." In partnership with HashPort, Tokyu Fudosan Wellness Business Unit and Tokyu Resorts & Stay, which operate "Niseko Tokyu Grand Hirafu," offered "early entry rights" as NFTs, allowing holders to be the first to experience the Niseko powder snow. This initiative showcased the potential of integrating real and digital experiences to create new value and enhance the value of tourism resources and real estate.
• Nature Innovation Group: Joint promotion of the "Umbrella-Free Shibuya" project. With the support of Shibuya Ward and the Shibuya City Tourism Association, over 100 umbrella stands were installed within a 600-meter radius of Shibuya Station, exceeding the number of convenience stores in the area. This project aims to eliminate disposable umbrella usage, reduce CO2 emissions, and contribute to a more sustainable city while revitalizing the rainy-day economy and enhancing the overall asset value of the Shibuya area.

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