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PKSHA SPARX Algorithm Fund is a venture capital firm investing in companies developing artificial intelligence and software. Targeting businesses from early to post-IPO stages, the fund enhances corporate value. It leverages PKSHA Technology’s AI and software deployment expertise, complemented by academic insights, to foster intelligent technology growth.
Established January 2019, the fund is a joint venture between SPARX Investment Co., Ltd. and PKSHA Technology Capital. Its creation aimed to accelerate widespread artificial intelligence adoption and integration. UENOYAMA Katsuya, Founder and CEO of PKSHA Technology Inc., provides the core technological foundation for the fund’s investment strategy.
The fund invests in startups across Japan, Korea, China, and Southeast Asia, creating new industries through AI and software implementation. Its vision, "Coevolution," promotes the harmonious development of human and software capabilities. This approach supports innovative enterprises, facilitating their global market expansion.
PKSHA SPARX Algorithm Fund has 4 tracked investments across 3 companies. The latest tracked deal is $10.0M Series A in Airgram in August 2022.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Aug 19, 2022 | Airgram | $10.0M Series A | — | CDH Investments, Linear Capital |
| Apr 1, 2022 | Beatrust | $6.0M Series A | Afco | Cyberagent Ventures, Social Starts, William Lohse, Delight Ventures, Yasuhiko Yurimoto, Itochu Technology Ventures, Mitsubishi UFJ Capital, Mizuho Capital, ONE Capital, Katsutoshi Matsushita |
| Nov 9, 2021 | rct AI | $10.0M Series A | Springwind Ventures, Yuanyuzhou Ventures | Liang Xinjun, Bonfire Union, Everest Ventures Group, FBG Capital, Folius Ventures, Galaxy Digital, Hash Global, HashKey Capital, Lucid Blue Ventures, Mask Network, SNZ, Zonff Partners |
| Aug 20, 2020 | Beatrust | $2.8M Seed | — | CyberAgent Capital, Delight Ventures, DNX Ventures, Itochu Technology Ventures, Mizuho Capital, ONE Capital, Strive |
