ADVASA among the limited partners of the Japan Thematic Fund.

The Japan Thematic Fund has completed its first close. ADVASA is among its limited partners.

Who runs the fund

• Living Lab Ventures - the corporate venture arm of Sinar Mas Land, leading the fund
• Spiral Ventures Pte. Ltd. - partner in the fund
• Cool Japan Fund - backer, reported to be committing up to USD 40 million to cross-border ventures

The limited partners

• Cool Japan Fund
• PT Bank Danamon Indonesia Tbk
• ROHTO Pharmaceutical Co., Ltd.
• Culture Convenience Club
• Sinar Mas Land
• ADVASA

What the fund is for

The fund is a cross-border vehicle between Japan and Southeast Asia, using Indonesia as the point of connection. Its stated emphasis is on partnership rather than capital alone:

• Market access - Japanese companies gain entry to Southeast Asia; regional startups gain access to Japan's market and distribution networks.
• A living lab - BSD City, Sinar Mas Land's township, serves as a real-world environment in which portfolio companies can pilot and refine smart-city and technology solutions.
• Long-term collaboration - the fund is described as favouring pilots and gradual commercialisation over rapid scaling.