• Leveraging early stage Australian technology companies into the Japanese market

  • Fund Overview

    Australia is experiencing a surge in high tech and tech value creation as exemplified by burgeoning Australian unicorns like Canva, Atlassian, Airwallex and Judo Capital. As of January 2020, Australia has $2-2.5Bn available in venture capital funds under management to develop quality, high growth companies. Critically, Australia has an affordable talent pool and realistic deal pricing – a healthy contrast with other global venture investing hot spots.


    Japan’s outbound M&A and investment in open innovation is at an all time high. This reflects its desire to combat secular economic headwinds, with corporate Japan looking abroad for new technologies and product ideas to complement existing (and create new) revenue lines. Japan also has global distribution networks and supply chains seeking ways to improve performance.

    InterValley is a geographically focussed VC fund established to take advantage of both these trends. The fund leverages high quality, scalable, early stage Australian technology companies into the Japanese market, complementing the strategic direction of an increasing number of Japanese corporates at precisely the right time.


    Japan has traditionally been viewed as a difficult market to penetrate for Australian companies. InterValley’s cornerstone investor, Mizuho Securities (managed by New Frontier Capital Management), uniquely provides the firm with privileged access to the client base of its parent company, Mizuho Financial Group, which has deep relationships with more than 70% of corporate Japan. InterValley will leverage these relationships for the benefit of the Group’s corporate clients and InterValley Limited Partners. This positions InterValley as a co-investor of choice for the best VCs in Australia for portfolio assets relevant to Japan.


    At the end of 2019, InterValley successfully announced its first closing. The fund is now active in the market, with a focus on securing further financial and strategic investors in the fund with a target of AUD$200m.

  • Portfolio


    Kepler Analytics - Melbourne

    AI platform for brick-and-mortar retail managers that collects and analyses customer behaviour data to recommend actions that effectively grow sales.

    Why we like them

    Kepler’s in-store sensors help retailers to better understand and optimise how customers experience their store environment, providing a digital interface to the physical retail environment and enabling better data-driven decision-making capabilities across a range of business areas. InterValley will actively assist their global expansion with focus on Japan.

    Kepler Analytics – Channel 9

    2020 Investment

    Myriota - Adelaide

    Global leaders in low-cost, low-power, secure direct-to-orbit satellite connectivity for the Internet of Things.

    Why we like them

    Myriota are leading this sector of New Space with the most advanced satellite communications for remote and urban IoT devices avoiding the need to use cellular networks. Their existing nano-satellite constellation is the most well developed with clear plans to optimise global coverage and facilitate real time communications anywhere on Earth.

    2020 Investment

  • Global Team Members

    Jun Hosoya

    Founding General Partner, CEO

    Jun Hosoya has more than 30 years of investment management experience across Japan and the USA, including 46 venture investments. His many successful exits include 8 IPO’s, 6 M&A transactions and 3 trade sales.


    Jun was the founding member and Managing Director of INCJ (Innovation Network Corporation) in 2009, a Japanese VC fund with an AUM of USD 20 billion. At INCJ Jun was responsible for investment and management of early stage innovation companies. Jun also launched the Life Science IP Fund and MedVenture Partners, an incubation fund for medical devices.


    Prior to INCJ, Jun was a Partner for Apax Globis, a VC fund in Tokyo, where he led the Technology Investment Team. Prior to that Jun was International Portfolio Manager for NED, responsible for managing investments in Silicon Valley.


    Jun has served as COO and has been a board director for numerous portfolio companies in early stage, pre-IPO and post-IPO stages. Jun is currently the Charter Member of TiE Japan.



    MBA, University of Chicago; BA, Rikkyo University


    Simon Wright

    Founding General Partner
    Asia Pacific & Europe

    From the UK, Simon Wright has extensive experience within entrepreneurial environments. For nearly 20 years he held CEO and CFO positions within the Virgin Group working closely with Sir Richard Branson.


    As well as working alongside many entrepreneurs, Simon also brings extensive deal experience having directly managed exits over USD$1bn in value with Virgin. Since then Simon has worked with some of the largest Private Equity firms in the Europe and the USA, most recently working with Bridgepoint Capital.


    Simon was responsible for the Virgin Group's operations in Japan over a 10 year period including successfully managing the launch of two start up businesses in Japan.


    Simon has deep experience in starting, growing and exiting businesses in all parts of the world, and worked on boards across a range of sectors, affording him perspective on requirements to successfully globalise businesses.


    Simon is based in Melbourne, Australia.



    Sheffield Business School, Finance; Chartered Institute of Accountants (ACMA); GAICD


    Shigeki Usuki

    General Partner, Representative of New Frontier Capital Management

    Shigeki is CEO of NFCM Hong Kong and Executive Vice President of NFCM, with extensive experience as an Investment Committee member and representative of New Frontier Capital Management of various global funds including Cybernaut New Frontier Venture Fund (China VC), CMH Growth Fund (China PE) and Tata Capital Growth Fund I & II (India PE).


    Shigeki previously served as Head of Investment Department at Mizuho Securities for 7 years and was responsible for the Private Equity fund business of Mizuho Securities. He has worked in the Tokyo and New York offices of the Mizuho group and has approximately 20 years of experience in Corporate Finance, Cross-border M&A, Capital Markets and PE Fund Management.


    Shigeki was also Head of Fund working Group at the Investment Banking Unit of Mizuho Financial Group., and has been the CEO of NFCM Hong Kong and Executive Vice President of NFCM since 2015.



    BA in Economics, University of Tokyo.

    Yasushi Kuroda

    Japan & Australia

    Yasu Kuroda has more than 15 years experience in venture investment and venture incubation. His portfolio includes 10 high-tech ventures. Yasu’s successful exits include 1 IPO and 4 M&A’s, with other investments still running. He was previously Deputy General Manager of Mitsui Sumitomo Insurance Venture Capital, a USD 200 million VC.


    Yasu has a strong background in leadership development, coaching, and organizational development, which he now brings to his role as an investor. He has served as board director for numerous early stage companies. Leveraging his HR skills, Yasu has engaged in value-add and turnaround strategies for various portfolio companies. He was instrumental in core hires & building the management team of the company that has already gone to IPO.


    Being married to an Australian, Yasu has a solid network within Australia’s innovation ecosystem including with Austrade, local VC’s and as a member of the expert network for the government scheme ‘Accelerating Commercialisation’.



    MBA, University of Pennsylvania; BA, Keio University

    Doron Ben-Meir

    Chair of Investment Committee

    Doron was the founding CEO of Commercialisation Australia (Federal Government) and subsequently the founding Director of the Entrepreneurs Programme. In these roles he contributed to supporting over 500 seed to early stage ventures by investing over $350m and building a unique government-led ecosystem. His continuous involvement in the program spanned seven years, from conception to maturity. He is highly regarded in Australia and beyond.


    Prior to these positions, Doron spent 20 years as a venture capitalist and serial entrepreneur, having co-founded 6 technology companies and invested-in and/or managed several others.


    For the last 5 years, Doron was the Vice President (Enterprise) at the University of Melbourne, where he co-founded BioCurate Pty Ltd, was Chairman of University of Melbourne Commercial Ltd, and represented the University on the Board of the NASDAQ Entrepreneurial Center in San Francisco, California.


    Doron is Chair of InterValley’s Investment Committee.



    BSc, Monash University; BEng (Hons), Monash University, GAICD

    * “Past performance is not a reliable indicator of future performance”.


    Professor Toby Walsh

    Toby Walsh is Scientia Professor of Artificial Intelligence at the University of New South Wales, research group leader at Data61, guest Professor at Technical University of Berlin, external Professor of the Department of Information Science at Uppsala University and an honorary fellow of the School of Informatics at Edinburgh University. He is a fellow of the Australian Academy of Science, the Association for the Advancement of Artificial Intelligence and the European Coordinating Committee for AI

    Professor Fabio Ramos

    Fabio Ramos is an Professor in machine learning and robotics at the School of Information Technologies, and co-director of the Centre for Translational Data Science at the University of Sydney. He has over 130 peer-reviewed publications and received numerous best paper awards. His research focuses on statistical machine learning techniques for large-scale data fusion with applications in robotics, mining, environmental monitoring and healthcare

    John Lee, M.D.

    John Tsung-Chun Lee, M.D. is a Taiwanese physician scientist turned entrepreneur in medical technologies, trained in Taiwan (NTU), Japan (Keio), and US (Stanford/Silicon Valley). John teaches Medtech, Biodesign & entrepreneurship at major Taiwanese universities.

  • FIEA Article 63:


    本ファンドは金融商品取引法第63条に基づく「適格機関投資家等特例業務」に関する特例の適用を受けています。適格機関投資家等特例業務に関する公衆縦覧【法第63条第6項】はこちらのリンクからご覧頂けます。Form 20-2 [Japan]


    For Investors in Japan:

    InterValley Ventures Pty Ltd has filed the Notification for Specially Permitted Businesses for Qualified Institutional Investors, etc. (SPBQII) to the Financial Services Agency of Japan pursuant to Article 63 of the Financial Instruments and Exchange Act (FIEA). Public Inspection Regarding Specially Permitted Businesses for Qualified Institutional Investors, etc. [FIEA Article 63(6)] is available at the following link: Form 20-2 [Japan]

    Important Information:


    Important Information: This material was created by InterValley Ventures Pty Ltd ACN 620 419 123 (General Partner). InterValley Ventures Pty Ltd is a Corporate Authorised Representative (CAR: 1265243 of Affirmative Financial Services Pty Ltd who holds an Australian Financial Services Licence (AFSL: 331840). This material is for information purposes only and should not be construed as an offer or solicitation or recommendation to buy or sell any financial products. The information in this presentation or communication is directed and available to residents of Australia only deemed to be Wholesale Clients under Section 761G of the Corporations Act of 2001. This material is neither a prospectus nor a disclosure document under the Corporations Act 2001 (Cth) (Act), nor is it required to be. A copy is not required to be, and has not been, lodged with the Australian Securities and Investments Commission. This material has been prepared only for issue to and use by prospective investors who qualify as Wholesale Investors as defined in the Act (Wholesale Investors) and is not intended to be received or read by anyone other than a Wholesale Investor. An interest in AI^Human, LP (Fund) will only be issued to investors that are Wholesale Investors.

    Jurisdiction: This material does not constitute, and may not be used for the purpose of, an offer or solicitation in any jurisdiction other than the Commonwealth of Australia or in circumstances in which such offer or solicitation is not authorised other than as set out in the separate international disclosure statement. No recipient of this material in any jurisdiction other than the Commonwealth of Australia may treat it as constituting an invitation to them to apply for an interest in the Fund unless, in the relevant jurisdiction, such an invitation could lawfully be made to that recipient or the Application Form in the separate AI/HUMAN, LP Information Memorandum could lawfully be used in compliance with applicable law.

    Confidentiality: This material is the property of the General Partner. By receiving this material, the recipient agrees to keep its content confidential and agrees not to copy, supply, disseminate or disclose any information in relation to its content without the prior written consent of the General Partner.

    General advice: This information is intended to be general in nature and is not personal financial product advice. Any advice contained in this document is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. You should seek independent financial advice and read the relevant disclosure statements or other offer document prior to making an investment decision (including a decision about whether to acquire or continue to hold) about a financial product. The General Partner makes no representation to the recipient or advisers (as relevant) as to, or in relation to, the accuracy or completeness of the information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this material or any omission from this material or of any other written or oral information or opinions provided now or in the future to any interested party or its advisers. In particular, no representation or warranty is given as to the achievement or reasonableness of any plans, future projections, prospects or financial returns and nothing in this material is or should be relied upon as a promise or representation as to the future. The General Partner expressly disclaims all liability for any loss or damage of whatsoever kind (whether foreseeable or not) which may arise from any person acting on any information and opinions relating to the Fund contained in this material or any information which is made available in connection with any further enquiries, notwithstanding any negligence, default or lack of care. In furnishing this material, the General Partner undertakes no obligation to provide any additional information other than as specifically stated in this material.

    Forward looking statements: This material contains forward looking statements which are identified by words such as “may”, “could”, “anticipates”, “believes”, “estimates”, “expects”, “intends”, “plans” and other similar words that involve risks and uncertainties. These forward looking statements are subject to various factors that could cause the results of the Fund to differ materially from those expressed or anticipated in these statements. The General Partner does not intend to update or revise forward looking statements, or to publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this material, except where required by law.

    Investment risk warning: Investment in the Fund involves a high level of risk and is not suitable for investors who are unable to sustain the loss of all or part of the sum invested, or who require predictable levels of return or liquidity. Section 6 of the separate InterValley AI/HUMAN, LP Information Memorandum sets out additional risks of an investment in the Fund. Potential investors should assess their own appetite for such risks independently and consult their own advisors before making a decision to invest in the Fund. Investment in the Fund should be regarded as speculative and is subject to the conflicts of interest described in the separate Information Memorandum. Investments should be considered only by wholesale investors.