Venture Capital

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Toppan Global Venture Partners

TGVP is the US Corporate Venture Capital arm of TOPPAN, Inc. The firm is focused on venture capital investments in US startup companies in Sustainability and...

Toppan Global Venture Partners logo

Toppan Global Venture Partners

TGVP is the US Corporate Venture Capital arm of TOPPAN, Inc. The firm is focused on venture capital investments in US startup companies in Sustainability and Digital Transformation. It empowers visionaries shaping a digitally-advanced and sustainable world, combining revenue-generating support, a trusted global network, and industry expertise. It is sponsored by TOPPAN and the government-related fund JICT.

General information

Firm type

Venture Capital

Year founded

2022

Location

Region

North America

Country

United States

City

San Mateo

Corporate office

San Mateo, CA, United States

Principals

Yuhei Yano

President & CEO / Managing Director

Ed Lau

Managing Director

Yoji Kawaguchi

Managing Director

Yusaku Masunaga

CFO

Aleksandar Kostic

Investment Partner

Issei Kusano

Investment/Venture Partner

Ryo Takei

Venture Partner

Hiroaki Kawada

Venture Partner

Hiroshi Tanaka

Venture Partner

Frequently asked questions

How is TGVP related to Toppan Inc., and does it operate independently?

TGVP is a wholly owned corporate venture subsidiary of Toppan Inc., a publicly traded Japanese conglomerate specializing in printing, packaging, and semiconductor materials. Investment decisions are made by TGVP's team but aligned with Toppan's strategic technology roadmap — startups that can integrate with Toppan's existing manufacturing infrastructure are prioritized. The structure allows TGVP to deploy Toppan's balance-sheet capital without fund-life constraints.

Does TGVP invest in fund commitments or only direct deals?

TGVP primarily makes direct equity investments in operating companies. There is no public record of fund-of-fund commitments or LP positions in third-party venture funds. The strategic mandate favors direct exposure to technologies Toppan can test, co-develop, or bring into its supply chain.

How does TGVP source its deals?

TGVP sources through Toppan's global supply-chain relationships, R&D collaborations, and industrial partnerships rather than auction-process deal flow. The San Mateo office provides proximity to Silicon Valley hardware and deep-tech ecosystems, while Toppan's Tokyo headquarters connects the firm to Japanese and broader Asian innovation clusters.

Which sectors does TGVP explicitly avoid?

TGVP does not publish an explicit exclusion list, but its mandate centers on sectors where Toppan holds manufacturing and technical relevance. Pure software, consumer internet, biopharma, and content/media startups fall outside TGVP's stated industrial footprint and are unlikely to receive investment.

How is TGVP different from a standard venture capital firm?

TGVP is a corporate venture arm with a single LP — its parent company. Unlike a traditional VC that must return capital to limited partners within a 10-year fund cycle, TGVP can hold positions indefinitely and values strategic integration alongside financial returns. Startups gain access to Toppan's factories, testing labs, and Asia-Pacific commercial channels — a non-financial value proposition a conventional VC cannot replicate.

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