Innovation Growth Fund, an Investment Fund Established by Sony and Daiwa Securities Group to Support Startups, Raises Additional Funding

TOKYO, January 24, 2020 — Sony Corporation (Sony) and Daiwa Capital Holdings, Co., Ltd. a subsidiary of Daiwa Securities Group Inc. (Daiwa Securities Group) today announced that Innovation Growth Ventures Co., Ltd. (IGV), a joint venture established by the two companies in March 2019 for the purpose of establishing a joint investment fund, has held a subsequent closing to raise additional funding for its Innovation Growth Fund I L.P. (hereinafter “the Fund”) which was established for the purpose of investing in startup companies in key high-growth industries.

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