Investments · Venture capital
Mitsubishi anchors $335 million Geodesic fund for Silicon Valley growth start-ups
- Investor
- Mitsubishi Corp. (Tokyo)
- In
- Geodesic Capital Fund I, Silicon Valley, California
- Value
- $335M fund at final close (Mitsubishi's own share not stated)
- Status
- Final close on May 17, 2016.
- Date
- 2016-05-17
Geodesic Capital Fund I, a growth-stage fund for US technology start-ups, reached its final close at $335 million with Mitsubishi Corp. as lead investor. Mitsubishi's own share of the fund was not stated. The fund was co-founded by John Roos, a former US ambassador to Japan, and is an outside venture fund, not a Mitsubishi corporate venture unit.
Why it matters
The fund gives Mitsubishi access to later-stage Silicon Valley companies and a route to help them expand in Japan and Asia.
Sources
Kakehashi M&A News home
