Establishment of UMI III Decarbonization Tokyo Investment Limited Partnership

On September 15 of this year, Universal Materials Incubator Co., Ltd. (UMI) established the UMI III Decarbonization Tokyo Investment Limited Partnership (the UMI Decarbonization Tokyo Fund) in collaboration with Decarbonization Venture Support Fund of Funds Investment Business Limited Liability Partnership (the “Decarbonization VC FOF”; the “FOFs”), which is managed by MCP Asset Management Co., Ltd., with investments by the City of Tokyo. The total commitment of the UMI Decarbonization Tokyo Fund is more than 1 billion yen.

UMI established the UMI III Investment Limited Partnership (the UMI III Fund) in October 2022, and established the UMI III Decarbonization Investment Limited Partnership (the UMI Decarbonization Fund) as a sister fund in January 2023, investing in technologies and businesses in the decarbonization field, where many of the key solutions incorporate material and chemical technologies.

As a sister fund to the UMI Decarbonization Fund, the UMI Decarbonization Tokyo Fund supports venture companies expected to contribute to the realization of carbon neutrality, as part of efforts to achieve a carbon-free society.

UMI Ⅲ Decarbonization Tokyo Investment Limited Partnership
Location：1-12-22 Tsukiji, Chuo-ku, Tokyo 104-0045, Japan
General Partner (GP)：UMI III Decarbonization Limited Partnership
Established：September 15, 2023
Total Commitment：1,010 million JPY
Goals: To invest in and foster venture companies in the decarbonization field as part of the materials and chemical industries
Limited Partner (LP)：Decarbonization Venture Support Fund of Funds Investment Business Limited Liability Partnership (the “Decarbonization VC FOF”)

Decarbonization Venture Support Fund of Funds (the “FOFs”)
The FOFs was established in December 2022 with an investment of 6 billion yen from the City of Tokyo. The FOFs will invest in venture capital funds and other investment targets focusing on the theme of decarbonization, in order to support startup companies working to resolve climate change issues and achieve net zero carbon emissions by 2050.
https://www.tokyo-vc-fof.jp/#

Universal Materials Incubator Co., Ltd. (UMI)
Location：1-12-22 Tsukiji, Chuo-ku, Tokyo 104-0045, Japan
Representative Director: Shosuke Kiba
Establish：Oct 6, 2015
UMI invests in outstanding new technologies and businesses in the fields of materials and chemicals that form the foundations for future industry, originating from both Japanese companies and academia, based on the vision of “Strengthening Japan’s engineering capabilities and cultivating an industry structure that can compete globally, by fostering outstanding material/chemical companies.”
https://www.umi.co.jp/en/