Hulic Startup is the latest real estate-focused CVC unit in Japan, after the likes of 31Ventures, HHP Co-Creation Fund, NN Corporate Capital and TFHD Open Innovation Program, part of Mitsui Fudosan, Hankyu Hanshin Properties, Nomura and Tokyu Fudosan respectively.
Japan-headquartered property developer Hulic launched a corporate venture capital (CVC) subsidiary late last month called Hulic Startup, forming a ¥2bn ($17.6m) vehicle dubbed Hulic Startup 1.
Founded in 1957, Hulic runs real estate development, investment and leasing businesses that owns substantial properties including stores and company housing linked to former Fuji Bank, now part of financial services firm Mizuho Financial Group.
Hulic serves as a limited partner for Hulic Startup Fund 1 along with Mizuho Capital, an investment arm of…
