The statement from both firms note that Japan presents an opportunity for global companies in the business of technology, automation and enterprise software. However, market entry requires navigating the country’s complex regulatory, cultural and business complexities.
On the other hand, Japanese companies can seek high-growth opportunities in Southeast Asia.
Granite Asia will bring to the JV its technology sector expertise, while Integral will bring deep market knowledge in Japan.
Granite Asia, formerly known as GGV Capital Asia, has $5 billion assets under management (AUM) through investments in 48 companies with valuations exceeding $1 billion and has facilitated 30 IPOs.
Its investment thesis prioritizes five long-term themes including consumer growth & transformation, enterprise workflow & supply chain, food systems & sustainability, health innovation & wellness, and energy transition & automation.
