August 2nd, 2022 – MUFG Innovation Partners Co., Ltd. (MUIP), a corporate venture capital fund and a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc. (MUFG), has recently invested in HiJoJo Partners Inc. (Head Office: Minato-ku, Tokyo; CEO: Spyridon Mentzas; “HiJoJo Partners”) which aims to democratize investment opportunity through funds which invest in domestic and overseas mid-to-late startup companies with a focus on unicorn companies (*1). Through the investment in HiJoJo Partners, MUIP aims to promote the development of an ecosystem that nurtures promising startups in the capital market and provide investment opportunities to investors. This aligns with the Japanese government’s aim of unlocking startup growth by fostering a liquid secondary trading market.
(*1) Unicorn companies are fast-growing startups with a valuation of over US$1 billion that have not yet gone public.
About MUFG and MUIP :
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,400 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.
MUFG Innovation Partners, Inc. (MUIP) is a 40 billion yen corporate venture capital firm established by MUFG to invest in fintech-related startups worldwide. For more information, visit https://www.ip.mufg.jp/.
About HiJoJo Partners :
HiJoJo Partners has been offering numerous funds that invest in both domestic and overseas mid-to-late startup companies, with a focus on unicorn companies. The company distributes fund and provides consulting services for startup investments by leveraging the research capabilities of professionals with extensive startup investment experience from investment banks and asset management companies, as well as their own connections to domestic and foreign startup investors, mainly in the United States and Israel.
For more information, please visit https://www.hijojo-partners.com/en/home
