Allegis Capital, Leading Silicon Valley VC, Becomes a Strategic Partner of New Frontier Capital Management International Venture Firm Catalyzes Growth of Startups through the Global Network of New Frontier Capital

Allegis Capital, Leading Silicon Valley VC, Becomes a Strategic Partner of New Frontier Capital Management International Venture Firm Catalyzes Growth of Startups through the Global Network of New Frontier Capital

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August 5, 2021
Source: Allegis Capital & New Frontier Capital Management International

PALO ALTO, CA & TOKYO, JAPAN–(July 30, 2021) – Allegis Capital, a prominent Silicon Valley VC, and New Frontier Capital Management International (“NFCM”), a leading Asian GP, have jointly announced today that they have signed an MOU to become strategic partners.

With this new strategic partnership, Allegis and NFCM will promote cross-border collaboration, such as business alliances and M&A between Silicon Valley startups holding world-class technologies and Japanese and multinational corporations seeking to further global innovation.

NFCM will provide business matching, corporate alliance, joint R&D, M&A and other business opportunities to startup companies invested by Allegis Capital by introducing and connecting the startups to global corporations with a special focus on Japanese corporations.

NFCM will also support the development and commercialization of the technologies of Allegis startups by connecting the startups to global universities and institutions such as Indian Institute of Technology (IIT), University of Melbourne, Zhejiang University, Russia Skolkovo and Kenya Investment Authority.

In addition, together with its global fund partners such as Tata Capital, China Merchants Group and Da Vinci Capital, NFCM will unlock opportunities for Allegis startups for financing and global market entry into international markets such as Japan, India, China, Australia, Russia and Africa.

“The strategic partnership with NFCM represents the opportunity for us to aide our portfolio companies to expand their strategic plans internationally. We also hope that this partnership will evolve over time into a larger strategic partnership.” said Spencer Tall, Allegis Capital Managing Director.

“The Allegis-NFCM partnership is a powerful combination, especially in today’s digital era. Allegis is a member of inner circle of Silicon Valley and has proprietary access to cutting-edge technology and business models in Silicon Valley. NFCM has the network of Japanese corporations, international funds and global universities seeking for the next-generation innovation,” said Shigeki Usuki, NFCM CEO. “The geographic strengths, North America for Allegis and Asia Pacific for NFCM, also complements the significance of our strategic partnership.”

About Allegis Capital
Based in Silicon Valley and Maryland, Allegis Capital has pioneered an integrated cybersecurity investment platform spanning seed to early-growth cybersecurity companies. It is the first VC focused exclusively on cybersecurity and data science and has been investing in cybersecurity for more than 15 years in the U.S and select international markets. The Allegis Capital team is replete with VC and startup entrepreneurial veterans. The team has been described in industry press as the “Cyber’s Money Men” for its domain expertise and position. Current Allegis Capital investments include Area 1 Security, Callsign, CyberGRX, Dragos, SafeGuard Cyber, Shape Security, Signifyd, Source Defense, Synack, and vArmour. For more information, please visit www.allegiscyber.com

About New Frontier Capital Management International NFCM is based in Japan with offices in Tokyo, Hong Kong, China and Singapore. Through NFCM Hong Kong, NFCM co-invests in global GPs and jointly manages global VC and PE funds such as CMH Growth Fund, a China PE growth fund with China Merchants Group, and Tata Capital Growth Fund, an Indian PE fund with Tata Capital as well as global VC funds such as Cybernaut New Frontier Venture Fund (China VC), AI Human (Australia VC) and Africa Healthcare Fund (Africa VC).
In addition to NFCM’s corporate network of Japanese and global corporations, NFCM Hong Kong has a global network of innovation and has signed agreements relating to the promotion of innovation with top-tier academia and government institutions including the Indian Institute of Technology (IIT)-Hyderabad, University of Melbourne, Skolkovo Foundation (Russia), Zhejiang University (China) and Kenya Investment Authority. For more information, please visit www.nfcm.com.hk/en/

Published on Nikkei Financial (2021-08-04)

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New Frontier Capital Management (NFCM), an investment company with shareholders including Mizuho Securities, plans to sign a partnership agreement with Cornell University in September. NFCM has already established a global academic network with the Indian Institute of Technology Hyderabad and Zhejiang University in China. The aim of NFCM is to find the seeds of innovation. In July, NFCM signed a strategic partnership agreement with Allegis Capital, a VC firm founded in 1996 with a strong track record of investing in Silicon Valley startups with leading edge technologies.

[Note: Translation by NFCM]

“Global Innovation Forum” hosted by Japan Innovation Center

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The “Global Innovation Forum” (PDF brochure) was held online on January 20, 2021, hosted by Japan Innovation Center and co-sponsored by Kyoto University. Japan Innovation Center was established in 2019 and is owned and operated by New Frontier Capital Management Hong Kong.
The Global Innovation Forum attracted a variety of attendees from various areas of the globe.

The central theme of the Forum was on the global “Industry-Government-University” collaboration model. The Forum invited speakers from both the government and academia including India Institute of Technology-Hyderabad (IIT), Zhejiang University, Skolkovo Foundation and Kenya Investment Authority who are partners institutions of New Frontier Capital Management Hong Kong and have signed a collaborative MOU. Cornell University also joined which New Frontier Capital Management Hong Kong plans to sign an MOU with. Together with global startups and fund managers who attended from all over the world, each of the speakers presented their initiatives on innovation.

From Japan, Mr. Tanaka, Vice-Minister for International Affairs of the Ministry of Economy, Trade and Industry (METI), delivered the main guest speech to represent the “government” sector and, from the “university” space, Professor Colpan and Professor Koda of Kyoto University offered a Special Lecture for the Forum.

New Frontier Capital Management Hong Kong reaffirms the importance of innovation arising from every region of the world and aims to further its global innovation ecosystem.

1. Forum Details (PDF brochure)
– Date January 20, 2021
– Venue Online (Zoom)
– Host Japan Innovation Center (Co-host: NFCM Hong Kong)
– Co-Sponsor Kyoto University

2. Agenda

17:00 – 17:05 Greetings
17:05 – 17:10 Main Guest Speech: Ministry of Economy, Trade and Industry (METI)
17:10 – 17:25 Special Lecture 1: Kyoto University
17:25 – 17:40 Special Lecture 2: Kyoto University
17:40 – 18:10 Presentation by Partners – “Initiatives for Innovation”
India Institute of Technology-Hyderabad, Zhejiang University, Skolkovo Foundation, Kenya Investment Authority, Cornell University
18:10 – 18:45 Panel Discussion
Startups: VisionLabs (Russia), Lionano (USA), Myriota (Australia), Kyulux (Japan)
PE/VC Funds: AAIC (Afrca), Da Vinci Capital (Russia), InterValley Ventures (Australia)
Academia: Cornell University (USA)
18:45 – 18:50 NFCM “Industry-Government-University” Collaboration Model
18:50 – 18:55 Closing Remarks

New Frontier Capital Management (Hong Kong) Co., Limited and Asia Africa Investment and Consulting Pte. Ltd. to establish Africa Healthcare Fund

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New Frontier Capital Management (Hong Kong) Co., Limited(“NFCM HK”) and Asia Africa Investment and Consulting Pte. Ltd. (“AAIC”) hereby announce that the two companies jointly established Africa Healthcare Fund, an Africa VC Fund investing specifically in private companies specializing in the healthcare space.
The fund will invest specifically in the healthcare sector which is the region’s largest issue and growing sector and tackle social issues in Africa and achieve the sustainable business growth by proactively using Japanese technology and knowhow.

New Frontier Capital Management (Hong Kong) Co., Limited and Tata Capital to establish Tata Capital Growth Fund II

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New Frontier Capital Management (Hong Kong) Co., Limited and Tata Capital, the finance and PE investment arm of the Tata Group, hereby announce that the two companies jointly established Tata Capital Growth Fund II which investment theme is areas of growth in the India market.
The investment targets are Indian private companies with large growth potential, especially in the three areas relating to “Urbanization” combined with favorable demographics, and “Discrete Manufacturing” and “Strategic Services” combined with the economic growth in India. India is also a global service hub for Strategic Services due to its large technically qualified corporations and workforce. The fund will capture those economic cycle of India. The fund is the successor fund of Tata Capital Growth Fund which was jointly established by the two companies in 2010.

New Frontier Capital Management (Hong Kong) Co., Limited and Cybernaut Group to establish Cybernaut New Frontier Venture Fund

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New Frontier Capital Management (Hong Kong) Co., Limited and Cybernaut Group, one of China’s leading venture capital, hereby announce that the two companies jointly established Cybernaut New Frontier Venture Fund, mainly investing in the tech sectors of the Greater China region.
The investment theme is in the tech sector such as AI, IoT, FinTech, Smart City, HealthTech and ICT.
Also, The Fund will also target global tech ventures with these technologies which seek to newly enter into or expand its existing business in China.
Additionally, by actively engaging in both in-out and out-in cross-border M&A deals, one of the key strategies of the Fund is to support the growth of corporate value of investee companies by promoting business alliances and M&A with Japanese and global companies in order to maximize fund performance.

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New Frontier Capital Management (Hong Kong) Co., Limited and Cybernaut Group to establish Japan Innovation Center(JIC)

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New Frontier Capital Management (Hong Kong) Co., Limited and Cybernaut Group hereby announce that the two companies jointly established JIC.
The concepts of JIC are Promotion of Innovation, Establishment of Eco-System and Establishment of Global Network.
In addition to the incubation of new startups, JIC supports Japanese ventures entering global markets in China, US, Germany, etc.

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New Frontier Capital Management (Hong Kong) Co., Limited and Asia Africa Investment and Consulting Pte. Ltd. to sign MOU with Kenya Investment Authority

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New Frontier Capital Management (Hong Kong) Co., Limited(“NFCM HK”) and Asia Africa Investment and Consulting Pte. Ltd. (“AAIC”) hereby announce that the two companies signed MOU with Kenya Investment Authority (“KIA”) to cooperate in realizing the goals and objectives of promotion of innovation, establishment of a venture ecosystem and establishment of a global network for ventures in TICAD7 held in Yokohama.
Minister of Economy, Trade and Industry, Mr. Hiroshige Seko and Managing Director of the Kenya Investment Authority Dr. Moses M. Ikiara also participated in the ceremony. Minister of Economy, Trade and Industry, Mr. Hiroshige Seko made a speech that NFCM HK and AAIC signed the MOU that supports Japanese companies entering Kenya with KIA. With this MOU, it is expected more Japanese companies entering into the market in Kenya where attracts attention as a startup hub.

The Prime Minister Shinzo Abe delivered a speech
in Public-Private Business Dialogue

MOU Signing Ceremony Photo,
NFCM Usuki CEO(right in the back)

Establishment of Russian VC / Growth Fund with Da Vinci Capital

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New Frontier Capital Management Hong Kong and Da Vinci Capital, Russian partner, announced the establishment of a jointly managed fund “Japan Russia New Frontier Fund” at Skolkovo Open Innovations Forum 2019 in Moscow, Russia and the signing ceremony related to term sheets was held. Mr. Oleg Konev, Managing Partner from Da Vinci Capital and Mr. Usuki, CEO of New Frontier Capital Management signed the document.
This fund is a VC/Growth fund which invests in tech-oriented companies in Russia from early to late stage. As for investment themes, it will invest in IT, consumer services, healthcare, health/agri-tech, food tech, etc., which are the growth sectors in Russia. The fund, which invests in Russian technology, will contribute not only to the creation of innovations originating in Russia, but also to the further development of Japanese companies by capturing the innovations originating in Russia.

【Da Vinci Capital Overview】
• Russian major independent GP established in 2007. Currently managing 4 funds. The LP of the fund under management includes prominent institutional investors such as European Bank for Reconstruction and Development, Adams Street and HarborVest.
• Focus on PE investment in Russia, CEE countries and emerging markets. Best PE Team in the year of 2017, and Best Russian & CEE PE Fund in the year of 2016.


MOU Signing, NFCM Usuki CEO(right)and Mr. Oleg Konev, Managing Partner of Da Vinci Capital

MOU Signing Ceremony Photo, NFCM Usuki CEO(right)and Mr. Oleg Konev, Managing Partner of Da Vinci Capital

Signing of MOU with Skolkovo Foundation

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New Frontier Capital Management Hong Kong held the signing ceremony for MOU regarding the innovation venture development with Skolkovo Foundation at Open Innovations Forum 2019 in Moscow, Russia. Mr. Drozdov, Chairman of the Board of Directors from Skolkovo Foundation and Mr. Usuki, CEO from NFCM Hong Kong signed the MOU during the ceremony.
Russia has been a science and technology nation with a high level of basic research such as aviation and space since the former Soviet era. In recent years, Russian government has promoted the innovation including innovative technology development, and implemented the policies such as granting tax incentives and subsidies.
Russian government has established Innovation Centers throughout Russia including Skolkovo and been striving to create innovation. NFCM will strive to build a global eco-system that connects the research institutes in Japan and abroad through this MOU with Skolkovo Foundation.

【Skolkovo Foundation Overview】
• Operating body of Skolkovo Innovation Center, a government-led accelerator organization called“Russia Silicon Valley”
• Skolkovo Innovation Center will support the growth and commercialization of startups with innovative technologies. 2,000 tech startups not only in Russia but also from all over the world have office and one of the Europe’s largest startup events will be held regularly.
• Skolkovo Foundation has built offices, research facilities for tech companies, the technical university (Skoltech : partnered with Massachusetts Institute of Technology in the US), and residential areas on a vast area of 400 hectares.
• Russian Government has scheduled to grant $ 3.5B (JPY380B) subsidies until the year 2020 for Skolkovo.

MOU Signing, NFCM Usuki CEO(left)and Mr. Drozdov,
Chairman of the Board of Directors of Skolkovo Foundation

MOU Signing Ceremony Photo, NFCM Usuki CEO(left)and Mr. Drozdov,
Chairman of the Board of Directors of Skolkovo Foundation