September 12, 2023

KDDI Corporation

KDDI Corporation invested (hereinafter, "this investment") in NordicNinja Fund II SCSp [2] (hereinafter, "this fund"), a venture investment fund focused on promising startup companies in the field of sustainability and digital technology in Northern Europe [1].

This fund aims to promote strategic partnerships with startups for Japanese Corporations through investments in startups working on building digital infrastructure and promoting sustainable transformation, as well as providing financial returns from the investments in Northern European startups.

Under the company vision of "the creation of a society in which anyone can make their dreams a reality, by enhancing the power to connect," KDDI aims to solve social issues and create new value together with partners. Through this investment, support for business development and co-creation in Japan will be provided to startup companies that promote sustainable management in Northern Europe.

As "the company that customers feel closest to," KDDI will continue to promote business co-creation through investment in promising startup companies, and create new business models together with customers and partners.

■About KDDI Open Innovation Fund

KDDI Open Innovation Fund is a corporate venture fund that supports a broad range of venture companies. The currently active KDDI Open Innovation Fund III focuses on the areas of AI, IoT, data marketing, fintech, B2B SaaS, and entertainment with a total operating fund of 20 billion yen.

• [1]

  Region of 13 countries consisting of the United Kingdom, Ireland, Belgium, the Netherlands, Luxembourg, Finland, Sweden, Denmark, Norway, Iceland, Estonia, Latvia, and Lithuania.

• [2]

  A successor to JB Nordic Fund I SCSp, a venture investment fund for the Northern European and Baltic region established in 2019 by JBIC IG Partners (Headquarters: Chiyoda-ku, Tokyo; CEO: Toshiyuki Kosugi, CIO: Makoto Shiono) and others.