Pegasus Tech Ventures and Ohayo Dairy Products Launch $50M Venture Fund
Pegasus Tech Ventures, a Silicon Valley-based venture capital firm, has partnered with Japan's Ohayo Dairy Products to launch a $50 million Corporate Venture Capital fund. Pegasus Tech Ventures will act as the General Partner, while Ohayo Dairy Products will be the sole Limited Partner. The fund's primary focus will be on FoodTech and related sectors, such as food and beverage, biotechnology, functional and wellness foods, supply chain innovation, and retail technologies.
The initiative aims to leverage Pegasus's global network of startups, investors, and corporate partners to connect Ohayo Dairy Products with emerging technology companies in Silicon Valley and other leading innovation hubs worldwide. This strategic move is intended to promote technology development, business creation, and long-term growth within these sectors.
Ohayo Dairy Products, a prominent Japanese food manufacturer, has been known for its high-quality dairy products and desserts since its founding in 1953. The company has been recognized for its premium ice cream brand, BRULEE®, both in Japan and internationally. As part of its growth strategy, Ohayo Dairy Products is exploring new business opportunities beyond its traditional markets, aiming for international expansion.
The collaboration seeks to capitalize on the global food industry's transformation, driven by advances in biotechnology and artificial intelligence, increasing consumer interest in health and wellness, and the demand for sustainability. Japanese food products and culinary culture are gaining global recognition, presenting opportunities for expansion in international markets.
Yoko Yamazaki, CEO of Ohayo Dairy Products, emphasized the company's commitment to creating new value in both Japanese and global markets. The partnership aims to advance new FoodTech initiatives and create opportunities for future growth through business creation.
Dr. Anis Uzzaman, Founder & CEO of Pegasus Tech Ventures, highlighted the potential of combining Ohayo's product development capabilities with cutting-edge FoodTech innovation to accelerate the global growth of Japanese food brands.
