[Orient Corporation] Notice regarding investment in SBI Digital Space Fund
*View in browser* *Orico*
Press release: December 27, 2023
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Notice regarding investment in SBI Digital Space Fund
Orient Corporation (Chiyoda-ku, Tokyo, President and CEO: Iimori) Tetsuo (hereinafter referred to as “Orico”) is SBI Holdings Co., Ltd. (Minato-ku, Tokyo, Representative Director, Chairman and President (CEO): Kitao
SBI Investment Co., Ltd. (Minato-ku, Tokyo, Representative Director, Executive Officer, Chairman and President: Kitao), a wholly owned subsidiary of Yoshitaka)
SBI Digital Space Fund (official name: SBI Venture) is a venture capital fund established and managed by Yoshitaka (hereinafter referred to as “SBI Investment”).
We would like to inform you that we have invested in Fund2023 Investment Limited Partnership (hereinafter referred to as the “Fund”).
In its medium-term management plan, which ends in the fiscal year ending March 2025, Orico has placed “sustainability” at the core of its management, aiming to achieve both social value and corporate value from a long-term perspective. We aim to become a new era financial services group that creates value from a customer-centered perspective.
So far, Orico has been involved in venture capital fund “SBI 4 5 Fund” (official name: SBI
4&5 Investment Limited Partnership, SBI
Through our investment in 4&5 Investment Limited Partnership No. 2), we have realized collaborations with various startup companies in which SBI4 5 Fund invests.
Through this investment in this fund, we will further accelerate the creation of new business models by collaborating with promising startup companies in which this fund invests. In addition, we have further deepened our partnership with SBI Investment, acquired know-how regarding venture investment, and established Orico in 2018. We will utilize the funds in the operation of the “Digital Fund”. We will continue to create new business models through collaboration with other industries and cutting-edge companies, and grow into a next-generation financial services group that contributes to solving environmental and social issues.
– * Overview of “SBI Digital Space Fund” *
Name SBI Venture Fund2023 Investment Limited Partnership
Upper limit of investment commitment: 100 billion yen
Investment amount: 300 million yen
Investment targets Web3, FinTech, digital spaces such as Metaverse, healthcare, DX, Climate
Highly unique venture companies in Japan and overseas that are expected to create innovation in markets where growth is expected, such as in the tech industry.
Unlimited partnership member SBI Investment Co., Ltd.