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Monstar Lab Procures Approximately 3 Billion JPY from Government-backed Fund JIC VGI

Dec 08, 2020

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Monstar Lab has procured approximately 3 billion JPY in funding from JIC Venture Growth Fund 1, a limited partnership for investment operated by JIC Venture Growth Investments Co., Ltd. through a third-party allocation of shares.

Background of Procurement and the Future Outlook

Monstar Lab utilizes global knowledge in its digital consulting business to find the optimal solutions to issues in the client company’s industry and area of services, and support the promotion of digital transformation, from planning and engineering to design and development. With the need for existing industries to create value through the development of new business and business innovation that involves digital transformation, this procurement is intended to expand services in order to increase the customer value of the business, thereby accelerating the digital transformation of customers in each industrial field, and solving the social issue of increasing productivity.

In addition to the global strengthening of the service and talent aspects of the digital consulting business in the future through this procurement, the company will also invest in partial SaaS product business to focus more strength on the improvement of value provided in the digital area.

Comments from JIC Venture Growth Investments Co., Ltd.

Daisuke Kaihoku, a Partner, JIC Venture Growth Investments, said, “The industry hypothesis that serves as the background of this investment is that, with the need for existing industries to create value through the development of a new business that involves digital transformation, the company will continue to develop products and provide services for the digital transformation of operation at points of contact with customers, thereby accelerating the digital transformation of customers in each industrial field and supporting efforts toward industrial digital transformation in each business field, in order to contribute to the improvement of the ability of each company in the industry field to generate earnings. Through this investment, we will support the acceleration of growth at the growth stage and the company’s development into a global company that provides digital products and digital consulting services from Japan, in order to increase corporate value. We will provide support to increase the value of Monstar Lab on the foundation of this investment.”

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