Mitsui Chemicals’ newly formed $36.8m 321Force unit will focus on healthcare, mobility, ICT and sustainable materials.

321Force, Mitsui Chemicals’ corporate venturing arm

The Japanese chemicals manufacturer Mitsui Chemicals has partnered venture capital firm Global Brain to launch a ¥5bn ($36.8m) investment vehicle.

The fund, named 321Force, will invest in seed-stage companies that dovetail with Mitsui Chemicals’ four areas of focus – life and healthcare, mobility, information and communications technology, and sustainable materials. It will also target new markets and technologies.

Global Brain, which already manages…

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Kim Moore

Kim Moore is the deputy editor of Global Venturing and produces video for the website.