J. Front Retailing’s corporate venture capital “JFR MIRAI CREATORS Fund” launched

Daimaru Matsuzakaya Department Store Co., Ltd.
J. Front Retailing’s corporate venture capital “JFR MIRAI CREATORS Fund” launched
~Challengers who create the future and “Making the future better and more interesting”~

J.P., which owns Daimaru Matsuzakaya Department Stores and Parco. Front Retailing Co., Ltd., jointly with Ignition Point Venture Partners Co., Ltd., which has a wide range of knowledge in the venture capital business, established the corporate venture capital “JFR MIRAI CREATORS Fund” (hereinafter referred to as the Fund). We will start operation from (Tuesday).
J. Front Retailing is committed to “inventing new happiness” for life. ” is our group vision, and we are promoting sustainability management that achieves both social and economic value by working to solve social issues through our business activities. In order to expand the value we provide to our customers amid these changes, we are working to transform our business portfolio, taking into consideration the ideal form of our group, accelerating innovation in existing businesses and development of new businesses.
Through the establishment of this fund, the Group will strengthen its search capabilities for startups in two investment themes and five areas of focus, and share new value with future-oriented startups with high aspirations and excellent technology and business models. Through creation, we will create new businesses and content. In addition, we aim to create an open ecosystem where many group employees participate and connect inside and outside the group, such as combining the business seeds explored by this fund with ideas and measures within the group. It will also lead to the evolution of the corporate culture.
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https://cvc.j-front-retailing.com
Inquiries about investment: mirai-creators-fund@jfr.co.jp
About J. Front Retailing
Centered on Daimaru Matsuzakaya Department Stores and PARCO, we are engaged in a wide range of businesses such as developer business and payment finance business.
-Value provided to investees-
・ Commercial production capabilities (development of numerous excellent commercial spaces such as department stores, PARCO, and GINZA SIX)
・ High-quality customer base (customer base of more than 6 million people in Daimaru, Matsuzakaya, Parco, etc.)
・ Urban real estate assets (15 department stores, 18 PARCO stores, and GINZA SIX in major cities nationwide)
・ Partners such as business partners and creators (approximately 9,000 business partners engaged in value co-creation)
About Ignition Point Venture Partners
With a vision of “shaping the future of the earth with challengers,” we will support startups and entrepreneurs who take on the challenge of solving social issues from a global perspective using technology, and create social value through co-creation between startups and existing industries. , to contribute to the realization of a new future.

Details about this release:
https://prtimes.jp/main/html/rd/p/000001647.000025003.html


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