February 21st, 2024. 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 Teamshares Inc. (Teamshares) through MUFG Innovation Partners No. 2 Investment Partnership.
【Corporate Profile】
Name : Teamshares Inc.
Date of Establishment : January, 2019
Headquarter : NY, USA
CEO : Michael Brown
Founded in 2019, Teamshares is an employee ownership succession model for small business. Its company mission is to make employee ownership the future of small business—creating a network of 10,000 worker-owned companies and $10 billion in stock wealth for wage workers. Teamshares buys successful small businesses from retiring owners and transitions them to 80% employee ownership within 20 years. The result is a network of financially durable, permanently employee-owned companies that will never be sold again—to the benefit of retiring owners, employee shareholders, companies, and local communities alike. Teamshares has acquired 90 U.S. small businesses to date, representing 31 states, 42 industries, and more than 2,500 new employee owners.
With a mission to “Transform finance with innovative startups”, MUIP is committed to solving societal challenges through the synergies of finance and technology. Teamshares offers a compelling solution to the looming succession crisis facing small business owners, employees and communities around the world. Their approach is to secure business legacies and reward long-term supporters.
Teamshares has established a Japanese subsidiary and assembled a team in Japan. Through this strategic investment in Teamshares, MUIP will explore various avenues of collaboration to address this critical issue in Japan and globally.
Learn more at https://www.teamshares.co.jp/.
About MUIP：
MUIP was established in January 2019 as the corporate venture capital of Japan’s leading financial group, MUFG, to promote its open innovation strategy.
MUIP currently runs 5 funds (about 650 million USD in total), working on strategic investments in startups globally and driving business collaboration between the startups and MUFG group companies.
For more information, visit https://www.ip.mufg.jp/.
About Teamshares：
Teamshares is an employee ownership succession model for small business. Founded in 2019, its company mission is to make employee ownership the future of small business. Teamshares buys traditional small businesses from retiring owners, transitioning them to 80% employee ownership within 20 years and supporting continued growth with new leadership and proprietary software, educational, and financial products. The U.S. market leader for small business employee ownership, Teamshares has 140 employees across the U.S., Canada, and Japan, supporting a network of 90 acquisitions to date. Learn more at https://www.teamshares.com.
