Space Seed Holdings Joins ¡°Spurcle Fund I¡±
The Spurcle Fund I has already made investments in approximately 13 regional startups at the seed to early stages, with the goal of fostering new industries through co-creation between local communities and startups and promoting regional development. As a participant, Space Seed Holdings plans to actively collaborate with both existing and future investees of Spurcle Fund I to pursue the creation of new business value.
Key Features of Spurcle Fund I
A Fund of Approximately 1 Billion Yen in the Tohoku Region:
The Spurcle Fund I was established with the purpose of contributing to the development of the startup ecosystem in the Tohoku region, with a total size of approximately 1 billion yen.
Investment in Approximately 13 Companies (Region-Originated, Region-Based):
As of November 2024, investments have already been made in around 13 promising startups from the Tohoku region and beyond, including overseas. These startups are expected to contribute to revitalizing regional economies by rooting their business activities within their communities.
Participation of 25 Regional Companies:
The fund has garnered investments from companies representing the Tohoku region. With these key regional players on board, there is an expectation for increased management support and potential business collaborations with investee companies.
Investments in Overseas-Based Startups:
The first investment project involved a Web3 startup headquartered in the Netherlands, which collaborated with LP companies to create and promote collaborative goods.
Moving forward, the fund aims to foster concrete partnerships between overseas-based startups and regional companies, local governments, educational institutions, and other organizations.
Overview of Spurcle Fund I
Name: Spurcle I Investment Business Limited Liability Partnership (METI Angel Tax System-Certified Investment Business Limited Liability Partnership)
Establishment Date: September 22, 2023
Duration: 10 years (with a possible 2-year extension)
Fund Management Company (GP): Spurcle I Limited Liability Partnership (including Hideki Fukutome and Spurcle Co., Ltd.)
Limited Liability Partners (LP):
Toho Bank, Soyu Co., Ltd., Yamaichi Real Estate Co., Ltd., Noshiro Electric Construction Co., Ltd., Sendai Kyoryu Co., Ltd., Regions Co., Ltd., Daishi Fukutome, Taiki Iwasa, Tomohiro Chiba, Hidetoshi Takano, Yoichi Aso, among others. (Listed in no particular order; includes regional companies and individual investors dedicated to regional development across Japan.)
Investment Targets:
Post-seed to early-stage startups with clear goals of engaging with regional companies or creating new businesses
Pre-seed to seed-stage startups that leverage unique regional resources, including Web3.0 and deep-tech/R&D-focused ventures
About Spurcle Inc.
With a mission to ¡°Create a New Global Economic Cycle,¡± Spurcle Co., Ltd. engages in fund management, incubation, and business solutions. The company is a professional firm dedicated to uncovering hidden regional value and building globally viable businesses through co-creation and relentless challenges alongside a diverse range of stakeholders.
About Space Seed Holdings Inc.
With the mission of ¡°Turning Science Fiction into Non-Fiction,¡± Space Seed Holdings Co., Ltd. acts as a deep-tech venture builder focused on investment, research, and business creation in the space sector. By exploring new technology themes, investing in and nurturing startups, and collaborating with universities, the company strives to create solutions addressing societal challenges. It works with various stakeholders to ensure that by 2040, the necessary technologies for living in space are developed.