The Business Times
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SBI Holdings, NTUitive, Kyobo Life Insurance launch US$75m VC fund

Claudia Chong

Claudia Chong

Published Thu, May 19, 2022 · 09:00 AM
    • (from left) Hee Jin Shin, director and head of venture capital at Kyobo Securities; Ryosuke Hayashi, managing director and CEO at SBI Ven Capital; David Toh, CEO of NTUitive. NTUitive and Kyobo Securities will not play a fund management role but will have representatives on the fund’s investment committee.
    • (from left) Hee Jin Shin, director and head of venture capital at Kyobo Securities; Ryosuke Hayashi, managing director and CEO at SBI Ven Capital; David Toh, CEO of NTUitive. NTUitive and Kyobo Securities will not play a fund management role but will have representatives on the fund’s investment committee. Kyobo Securities; SBI Ven Capital; NTUitive

    JAPANESE financial services group SBI Holdings, the owner of Japan’s largest online brokerage, is aiming to raise US$75 million for its new fund to invest in digital opportunities in South-east Asia and South Asia.

    SBI Holdings, which oversees over US$5.69 billion in assets, said its venture capital (VC) arm SBI Ven Capital (SBIVC) will manage the fund.

    The fund’s 2 other general partners are NTUitive, the innovation and enterprise company of Nanyang Technological University (NTU), and Kyobo Securities, the securities brokerage arm of South Korea’s Kyobo Life Insurance Group.

    Venture capitalStartup fundingInnovation

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