A decade after forming real estate developer Mitsui Fudosan's CVC arm, Takeshi Kodama is set to take over at Japan's JERA Ventures.
Takeshi Kodama, recipient of a 2024 GCV Powerlist award, is moving from 31Ventures, the corporate venture subsidiary he set up for Japanese property developer Mitsui Fudosan, to oversee energy utility JERA’s investment activities.
Kodama will lead the $300m CVC fund at JERA Ventures at the end of this month, replacing Ken Ohyama, who established the fund in mid-2023. Ohyama has not revealed details of his future plans.
Kodama has been at Mitsui Fudosan for almost 30 years, rising to run mergers and acquisitions in 2011 before launching 31Ventures as executive manager in 2015. He was promoted to head of business strategy and investment in April last year.
The move comes two months after 31Ventures principal Yusuke Shioyama moved to JERA Ventures to take on a senior manager role. Mitsui Fudosan has not disclosed who will be taking over leadership at 31Ventures.
JERA Ventures invests in startups developing clean tech technology, products that enhance employee well-being in areas such as femtech, and digital technologies centred on energy and its new use cases.
The unit’s portfolio so far stands at four startups, including, CO² emissions monitoring startup Asuene and hydrogen transportation technology developer Immaterial, as well as five fund-to-fund commitments.
