Real Tech Fund Aims to Realize Smart Agriculture
Invested in "Farm Note Holdings Co., Ltd."

Euglena Investment Co., Ltd.

　Euglena Investment Co., Ltd. (Headquarters: Minato-ku, Tokyo, Representative: Akihiko Nagata) is a new investment destination for the R & D-specialized venture capital fund "Real Tech Fund", Farmnote Holdings, Inc. (Headquarters: Obihiro City, Hokkaido). , Representative: Shinya Kobayashi We are pleased to announce that we have invested in FNHD).

　FNHD is a venture company that analyzes agricultural production data and aims to realize highly efficient and sustainable agriculture. Farmnote Co., Ltd., a wholly owned subsidiary of the company, ^{develops its own wearable IoT * 1} device for cattle "Farmnote color" and analyzes cattle behavior data based on cattle vital data obtained from other sensors. This made it possible to detect signs of estrus and detect changes in physical condition.
　The global food crisis that accompanies population growth is a serious problem, and it is said that the production of food that meets the food needs of the world population in 2050 will need to be about 1.7 times the current production. On the other hand, the expansion of agricultural land has remained at 1.12 times in the last 50 years, and it is difficult to meet the food demand of conventional agriculture. In addition, although the number of agricultural workers who support domestic food production is declining, the economic loss of conception opportunities due to overlooking estrus is about 1000 due to the current situation where the number of dairy and livestock farming management is increasing. There are still many issues to be solved in order to realize highly efficient and sustainable agriculture, such as 100 million yen / year ^{* 2.}​
　In addition to its own IoT device, FNHD provides a cow herd management system "Farmnote" that uses various vital data, and by "visualizing" the growth process and milking amount along with the cow vital data, daily life We aim to improve productivity and reduce the burden on farmers from the breeding stage.

　The Real Tech Fund will underwrite the shares issued by FNHD through a third-party allotment, and as a technical advisor, will formulate and execute the company's business strategy / R & D strategy / intellectual property strategy, and make proposals to major business companies. We will provide hands-on support.
* 1 IoT: Abbreviation for Internet of Things. The concept of enabling monitoring and control by connecting everything to the Internet.
* 2 Based on an independent survey by FNHD.

　The details are as follows.

About investment of Farm Note Holdings Co., Ltd.

■ About the outline and support contents of Farm Note Holdings Co., Ltd.
Date of establishment: December 22, 2016
location　: 1-3-14 Koen Higashimachi, Obihiro City, Hokkaido
Representative　: Representative Director Shinya Kobayashi
Business: Development, manufacture and sale of smart agricultural equipment using IoT devices and cloud analysis technology
HP　　 : https://farmnote-hd.com/
Support content: Promotion of cooperation with fund-funded companies, support for research and development, sales and marketing activities
Investment period: October 2018

■ 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 2018), it is Japan's largest fund specializing in real tech. We are investing in and nurturing real-tech ventures together with the operating companies that are our investors.

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-Contact for inquiries from the press-
Public Relations Officer, Euglena Investment Co., Ltd.