Toyama Co-Accel Fund completes first close for Hokuriku university spinouts
Relic manages the deeptech fund, with Hokuriku Bank as lead LP and the University of Toyama among its investors.
Toyama Co-Accel Fund (T-CAF) has completed its first close and begun operations. Relic is the general partner, Hokuriku Bank is the lead limited partner, and the University of Toyama joins regional companies and individual investors as an LP. The amount raised was not disclosed.
The fund will back startups commercialising university research across Japan's Hokuriku region. Its strategy combines capital with business-development support from Relic, targeting areas including life sciences, environmental chemistry, materials and regional needs. T-CAF aims to invest in around 25 companies over its first five years.
Use of funds
University spinout investments in Hokuriku