TOKYO & BOSTON--(BUSINESS WIRE)--yet2.com has formed yet2Ventures, a fund created to help Fortune 500 firms and other owners of venture capital investments drive value in their portfolio companies. We can provide follow-on investment and liquidity to help small companies grow. We are excited about this effort and believe yet2.com is uniquely positioned to help portfolio companies grow with:
- Our global network, with offices in Tokyo, Boston, Liverpool, and Wilmington
- Our IP experience
- Our technology licensing experience
- And, now our capital
Venture funding is an excellent fit with the established yet2.com market, where we help large and small companies connect on new and robust technologies.
Our first joint investment with JAIC is in Avantis Medical Systems of Sunnyvale, California. They develop and manufacture catheter-based endoscopic devices for detecting and treating cancer in the GI tract.
The yet2Ventures fund is a good partnership opportunity for VC firms and other strategic investors. Perhaps we can help your portfolio grow, too? Please contact us at: venturefund@yet2.com.
About JAIC
Japan Asia Investment Co., Ltd. (JAIC) is an independent venture capital company founded in 1981 by the Japan Association of Corporate Executives (Keizai Doyukai). JAIC’s operations are centered on three geographic hubs-Japan, Asia, and the United States. In these regions, JAIC provides financial support for companies in various stages of development from promising venture enterprises to companies with succession or business reorganization needs, or firms looking to revitalize their businesses. In addition, JAIC seeks to stimulate growth and raise the corporate value of invested companies by providing support on the management side as well. These include supplying information, consulting for initial public offerings (IPO) and business matching.
About yet2.com
yet2.com provides intellectual property consulting and licensing services to world-class clients around the globe. Yet2.com Inc. and its online marketplace were founded in 1999 to promote Open Innovation, with original investments from Siemens, Bayer, Honeywell, DuPont, Procter & Gamble, Caterpillar, and NTT Leasing. The privately held company has offices in the United States, Europe, and Japan. The web site now has over 120,000 registered marketplace users including many of the Fortune 500 and over 16,000 smaller technology companies. In addition to its core team, yet2.com has created a wide network of Open Innovation partners covering many of the technology-rich countries around the world as well as relationships with open innovation organizations, technical expert networks, SME networks, technical magazines, online technical communities, and technology brokers. These provide market-wide access to technologies and needs in countries such as Russia, China, India, Korea, Brazil, South Africa, Japan, the US, and the EU. For more information, visit www.yet2.com or contact Tim Bernstein 1-781-972-0600.