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Real Tech Fund, development of automatic flight control technology for industrial drones,
Invested in "CLUE Co., Ltd." to promote business development in Asia and Africa
Euglena Investment Co., Ltd.
Euglena Investment Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative: Akihiko Nagata) has invested in CLUE, Inc. (hereinafter referred to as "CLUE") as a new investment destination for the venture capital fund "Real Tech Fund". We will inform you that it has been carried out.
CLUE develops software that enables automatic flight control and data management / processing of industrial drones. By being able to control multiple drones from a remote location and transfer shooting data in real time, we are supporting the use of drones in various fields such as agriculture, surveying, and inspection. In addition, we are working with the Government of the Republic of Ghana to carry out road inspections using drones, crackdown on illegal gold mining, and surveying mines, and we plan to continue to spread the use of drones in the Asia-Africa region.
This time, the Real Tech Fund will underwrite the shares issued by CLUE through a third-party allotment, and will support the acquisition of subsidies related to research and development and overseas expansion.
The details are as follows.
About investment in CLUE Co., Ltd.
■ About the outline and support contents of CLUE Co., Ltd.
Date of establishment: August 22, 2014
location : 7-10-3 Minami Aoyama, Minato-ku, Tokyo 4th floor, Minami Aoyama ST Building
Representative : President and CEO Ryosuke Abe
Capital : 185.95 million yen (excluding capital reserve)
Business: Development and provision of autonomous driving solutions for industrial drones
HP : Https://corp.t-clue.com
Support content: Support for obtaining subsidies related to research and development and overseas expansion
Investment period: July 2017
■ About Realtech Fund (HP: http://www.realtech.fund)
Our 100% subsidiary of Euglena Investment, SMBC Nikko Securities, Ribanesu "Limited Liability Company was founded three companies Euglena in venture capital funds that SMBC Nikko Ribanesu capital" to management and operation, the investment development of the real tech venture as the main purpose is. With a total of 30 participating companies and a fund size of 9.4 billion yen (as of October 2017), it is one of the largest real tech-specialized funds in Japan. We are investing in and nurturing real-tech ventures together with the operating companies that are our investors.
-Contact for inquiries from the press-
Euglena Co., Ltd. Corporate Communication Division