DNP to Participate in Allegis Capital Funds Established by Allegis Capital

Rhea-AI Summary

Dai Nippon Printing Co. (DNP) has announced a partnership with Allegis Capital to foster value creation through innovative startups. This collaboration aims to provide investment capital and enhance cooperation in addressing social issues while meeting consumer expectations. DNP plans to focus on startups in areas like Fintech, cybersecurity, and environmental solutions. Allegis Capital, a prominent venture capital firm with over USD 2 billion in assets, will help DNP explore startup investments, particularly in the USA.

-Looking to promote new value creation through cooperation with innovative startups-

TOKYO--(BUSINESS WIRE)-- Dai Nippon Printing Co., Ltd. (DNP)(TOKYO:7912) will partner with Allegis Capital (Allegis) of Palo Alto, CA., USA to promote value creation through innovative startups and provide capital through an investment fund.

Allegis Capital (Graphic: Business Wire)

Our participation in the investment fund will deepen cooperation with innovative startups in the United States to resolve social issues at the same time as accelerating the creation of value that responds to consumer expectations. In particular, we will promote the creation of new businesses with such startups, in fields such as Fintech that enhances the value of financial services through information and communication technology (ICT) , ICT-driven data analysis and cyber security, along with products and services that reduce the global environmental burden, and high function raw materials.

In addition to combining proprietary strengths in printing and information (P&I) targeting the realization of a sustainable and better society, DNP is also looking to strengthen cooperation with partners both in Japan and overseas.

Allegis Capital Outline

Allegis is a leading venture capital (VC) firm with a track record of more than 20 years since its establishment in 1996, and is positioned as Top VC with more than USD 2 bln of total assets under management over its entire platform. Allegis has a track record in establishing more than 10 funds, mainly in the fields of general technology, cyber security and data science.

DNP will participate in future funds targeting startup companies.

Main investment areas: US companies in the following businesses, FinTech, information security, Enterprise, the environment and materials.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220403005124/en/

DNP: Yusuke Kitagawa, 81-3-6735-0101

kitagawa-y3@mail.dnp.co.jp

Source: Dai Nippon Printing Co., Ltd.

FAQ

What is the partnership between DNP and Allegis Capital about?

DNP and Allegis Capital are collaborating to promote value creation through innovative startups, focusing on investment capital and addressing social issues.

What are the main investment areas for DNP in the partnership?

DNP will primarily target US startups in Fintech, cybersecurity, environmental solutions, and advanced materials.

How much total assets does Allegis Capital manage?

Allegis Capital manages over USD 2 billion in total assets.

When was Allegis Capital established?

Allegis Capital was established in 1996.

What is DNP's goal in the partnership?

DNP aims to create new businesses with startups while enhancing consumer value and addressing social challenges.