Allegis Capital becomes a strategic partner of New Frontier Capital
Allegis Capital, a prominent Silicon Valley VC, and New Frontier Capital Management International (NFCM), an Asian GP, have jointly announced 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 commercialisation 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.”
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