ICCP SBI Venture Partners (ISVP) had a $12.25 million initial closing of its new fund, ICCP SBI Pacific Synergies (ISPS), on March 28, 2018. ISVP is a partnership between the ICCP Group and SBI Holdings, Japan’s leading venture capital firm. ISPS is the ICCP Group’s sixth venture capital fund and the first fund in partnership with SBI Holdings.
The cornerstone investors for ISPS are SBI Holdings and NTT Group, Japan’s largest telecommunications company and one of the largest worldwide. Initial closing investors also include Ionics and ICCP, who have sponsored all of the ICCP Group’s previous venture capital funds.
ISPS will invest in early to midstage companies in high growth sectors, with a particular focus on Cloud, Security, Consumer, Healthcare, Fintech, Robotics, and Artificial Intelligence companies primarily in the U.S., the Philippines, and Asia.