As Nikkei reported last week, Tokyo-based Crowdcredit, a startup behind a peer-to-peer lending platform focused on financing emerging markets under the same name, officially announced on Monday that it has fundraised 200 million yen ($1.7 million) from Japanese trading house Itochu. According to the Nikkei article, Itochu has taken an 18% stake in the lending company, so the latter’s market cap is valued at over 1 billion yen ($8.4 million).
Last week, at a closed meeting in Tokyo, Sun Microsystems co-founder and Silicon Valley billionaire Scott McNealy offered advice to a group of Itochu Technology Ventures’ portfolio startups. The CEOs from Whill, Crowdworks, Raksul, Tokyo Otaku Mode, Uzabase, and Fringe81 were all in attendance. Tech in Asia was invited to listen in on the discussion and engage McNealy regarding his impressions of entrepreneurship in both Tokyo and Asia as a whole.
TOKYO and MOUNTAIN VIEW, Calif., Oct. 6, 2014 /NEWS.GNOM.ES/ — MobileIron, a leader in enterprise mobility management (EMM), announced that it has appointed Itochu Techno Solutions (CTC) as one of its newest Japanese distributors. CTC will distribute MobileIron’s platform, which enables enterprises to secure and manage mobile apps, content, and devices, and to support both corporate- and personally-owned devices. MobileIron provides true multi-OS capabilities with support for Amazon Fire, Android, iOS, Mac OS X, Samsung KNOX, Windows Phone and Windows Pro/RT.
Cloud-based managed security service provider (MSSP) SilverSky today announced a new partnership with ITOCHU Techno-Solutions Corp. (CTC), a Tokyo-based IT solutions provider. CTC will leverage SilverSky’s technology to deliver managed security services to its customers as part of the agreement. SilverSky said the partnership also will enable both companies to capitalize on the rapidly growing managed security services market in Japan and the Asia Pacific region.
Itochu Technology Ventures (ITV) is the latest Japanese venture capital firm to start gunning for Southeast Asia. The move comes despite a strong presence in Japan where the firm has invested in noted Japanese startups like Crowdworks, Retty, and Whill. ITV joins the stream of venture capital, both large and small, streaming from Japan to its ASEAN neighbors. This trend has been well chronicled but ITV believes it can stand out from the pack. It is in the process of preparing a US$50-100 million fund to be finalized in 2015 and wants to use 30 percent of the capital for investing outside of Japan, with an emphasis on Southeast Asia.