News

Mitsubishi Materials Corporation ("MMC") will strengthen its strategic partnership with Pegasus Tech Ventures (Head office: San Jose, California, USA; Founder and CEO: Anis Uzzaman; hereinafter "Pegasus"), a global venture capital firm headquartered in Silicon Valley, USA, to promote open innovation. By participating as a Bronze Sponsor in the Japan Qualifier of the Startup World Cup, one of the world's largest business pitch competitions hosted by Pegasus, MMC will accelerate the activation of the global startup ecosystem and the exploration of innovative technologies and businesses.

[About Pegasus Tech Ventures]

Pegasus is a global venture capital firm headquartered in Silicon Valley, USA. To date, it has invested in over 270 companies (total assets under management: approximately ¥300 billion), ranging from world-leading global companies such as SpaceX, X (Twitter), and Airbnb to innovative Japanese startups including Money Forward, SkyDrive, and Mujin. In particular, the Startup World Cup plays an important role in the global startup ecosystem by bringing together entrepreneurs from all over the world and providing opportunities to connect with investors and large companies.
In November 2023, MMC signed a strategic consulting contract with Pegasus to promote open innovation and has been actively engaged since then. Through our sponsorship of the Startup World Cup Japan Qualifier, MMC aims to support the growth of startups while leveraging Pegasus' expertise and global network to enhance its research and development and new business creation.

MMC Group established Our Commitment as "For people, society and the earth, circulating resources for a sustainable future." MMC Group will continue to implement various initiatives to achieve Our Commitment by providing non-ferrous metal materials and high added-value products.

[Startup World Cup Tokyo Qualifier]

The Tokyo Qualifier will be held on July 18, 2025, at the Grand Hyatt Tokyo (Minato-ku, Tokyo). MMC plans to exhibit a booth introducing its open innovation efforts.

Startup World Cup Tokyo Qualifier Website:
URL: https://www.startupworldcup.io/tokyo-regional

[Reference Information]

Company Name	Pegasus Tech Ventures
Location	San Jose, California, USA
Representative	Founder and CEO Anis Uzzaman
Establishment	2012
Business Details	Global venture capital firm. With limited partner (LP) investment from major companies around the world, the firm's main business includes outsourced corporate venture capital (CVC) operations, investment in startups, support for open innovation in large companies, and promotion of global growth. Total assets under management are approximately ¥300 billion, with investments in over 270 companies. With offices in 14 locations worldwide, the firm boasts a global network.
Sponsored Events	Pegasus hosts the Startup World Cup, one of the world's largest business pitch competitions, with qualifiers held in over 100 countries and regions around the world.
URL	https://pegasustechventures.com/