Bpifrance is a financial institution dedicated to supporting companies throughout their development stages, particularly those preparing for stock market listing and seeking credit equity. The organization provides a range of financial solutions, including financing, innovation assistance, and capital investment. By integrating various entities such as OSEO and CDC Entreprises, Bpifrance aims to deliver tailored financial support that addresses the specific needs of businesses. The institution is committed to fostering innovation and helping companies transition toward sustainable growth, ensuring they are well-equipped to face future challenges.

Google for Startups is an initiative launched in 2011 that focuses on supporting startups globally by providing access to Google's products, connections, and best practices. The program partners with over fifty leading startup organizations to foster entrepreneurial ecosystems in more than 135 countries. It offers various resources, including financial support and exclusive programming, to help these partners and their startups thrive. Central to this initiative are six Google for Startups Campuses located in London, Tel Aviv, Seoul, Madrid, São Paulo, and Warsaw. These Campuses serve as collaborative spaces where startup founders can access mentorship, educational resources, and networking opportunities within their local communities. Startups benefit from free workspaces, community events, and a network of like-minded entrepreneurs, all aimed at nurturing their growth and innovation across diverse sectors such as healthcare, retail, finance, and technology.

HomeToGo, established in 2014 and headquartered in Berlin, Germany, operates as a global vacation rental search engine. It offers users a comprehensive platform to find, compare, and book accommodations worldwide, catering to diverse travel needs such as family vacations, day trips, or romantic getaways. The company partners with major providers like Airbnb, Booking.com, and TripAdvisor, aggregating millions of offers from various types of properties, including apartments, cabins, hotels, and unique listings. HomeToGo employs over 350 people and serves customers through 23 local apps and websites across Europe, North America, South America, Australia, and Asia-Pacific.

A global venture accelerator.

Flight Centre Travel Group is a prominent global travel agency that specializes in providing travel arrangements for both leisure and corporate clients. The company operates through multiple brands, with its corporate travel management division, FCM, ranking among the top four players worldwide. FCM has a broad reach, extending to over 100 countries through a combination of company-owned operations and independent licensees, supported by strategic agreements with local operators across approximately 90 additional nations. In the leisure sector, Flight Centre boasts a network of more than 550 retail shops, which contribute significantly to its transaction value, complemented by online sales and independent agents. Overall, the company generates over half of its total transaction value from corporate travel, while the remainder comes from leisure activities and ancillary services.

Global Brain Corporation, established in 1998, is a Tokyo-based venture capital firm that invests in technology-focused startups globally, from seed to pre-IPO stages. With a track record of 300+ investments, 25 IPOs, and 61 M&As, the firm provides hands-on support to its portfolio companies. Global Brain manages both independent and corporate venture capital funds, partnering with tier 1 public companies across various industries.

Vitruvian Partners LLP, established in 2006, is a London-based private equity firm specializing in middle-market investments. It focuses on management and growth buyouts, as well as growth capital, typically investing between €15 million and €250 million in companies valued between €75 million and over €1 billion. The firm has a broad sector focus, including life science, technology, media, healthcare, and consumer services, among others. Vitruvian Partners seeks majority ownership and board seats in its portfolio companies, and it invests across Europe, North America, and Asia.

CDP Venture Capital, established in 2015 and based in Rome, Italy, is a prominent venture capital investment firm dedicated to fostering innovation and economic development within the country. The firm aims to enhance the venture capital ecosystem by investing in startups and growth companies across a diverse range of sectors, including consumer products, energy, healthcare, information technology, automotive, fashion, food, fintech, insur-tech, advanced manufacturing, agriculture materials, education, big data, life sciences, financial services, software-as-a-service, virtual reality, artificial intelligence, and machine learning. By prioritizing these industries, CDP Venture Capital seeks to create sustainable growth and support the overall development of Italy's entrepreneurial landscape.

Vail Resorts is a leading operator in the mountain resort industry, specializing in luxury destination travel at iconic locations worldwide. Its business comprises three interconnected segments: Mountain, Lodging, and Real Estate. The Mountain segment manages numerous ski resort properties offering winter activities like skiing and snowboarding, along with summer pursuits such as hiking and mountain biking. The Lodging segment owns and operates hotels and condominiums, while the Real Estate segment develops and leases properties near these resorts. Primarily operating within the United States, Vail Resorts generates a significant portion of its revenue from these activities.

Hyatt Hotels is a global hospitality company that operates a diverse portfolio of upscale and luxury brands, including vacation brands such as Apple Leisure Group, Hyatt Ziva, and Hyatt Zilara, as well as the lifestyle brand Hyatt Centric and the wellness brand Miraval. With approximately 4% of its total rooms owned and 96% managed or franchised, Hyatt's offerings span around 20 distinct brands. The company has expanded its footprint through acquisitions, notably Two Roads Hospitality in 2018 and Apple Leisure Group in 2021. Hyatt's properties are predominantly located in the Americas, which account for 54% of its total rooms, while 22% are situated in the rest of the world and 23% in the Asia-Pacific region. This strategic positioning allows Hyatt to cater to a wide range of travelers, from luxury seekers to those looking for extended-stay options.

Tripadvisor is the world's largest travel guidance platform, assisting hundreds of millions of travelers each month in planning and booking their trips. It provides a comprehensive service where users can discover accommodations, activities, and dining options based on millions of reviews and opinions from fellow travelers. The platform features over 1 billion reviews and information on approximately 8 million businesses, including hotels, restaurants, experiences, airlines, and cruises. In 2023, Tripadvisor generated significant revenue from its core Brand Tripadvisor segment, primarily through advertising on its metasearch platform. Additionally, the company’s experiences brand, Viator, accounted for a substantial portion of its sales, while its dining brand, TheFork, contributed to its overall revenue. This extensive array of services positions Tripadvisor as a key resource for travelers seeking to enhance their travel experiences.

Expedia Group is a leading online travel agency that offers a comprehensive range of travel booking services, including airline tickets, hotel reservations, car rentals, cruises, vacation packages, and various attractions. The company operates several well-known brands, notably Expedia, Hotels.com, and Vrbo, along with the metasearch site Trivago. As one of the largest online travel agencies globally, Expedia generates a substantial portion of its revenue from transaction fees on bookings, with lodging representing the majority of sales. Additionally, Expedia is committed to enhancing the travel experience and fostering connections through its platform, emphasizing the importance of travel as a positive force. The company also supports initiatives that benefit underserved communities through targeted funding programs.

Active Partners, established in 2004, is a London-based private equity firm focusing on early-stage investments across the United Kingdom. It specializes in supporting innovative entrepreneurs in the consumer sector, providing intellectual and financial capital, operational expertise, and a robust network of contacts to help build scalable, successful businesses.

MYSC is an innovative company that helps innovation through consulting, social venture accelerating, and impact investing.

MassChallenge is a global nonprofit startup accelerator headquartered in Boston, Massachusetts, established in 2009. It supports early-stage entrepreneurs across various industries, including technology, healthcare, and social impact, by providing mentorship, resources, and networking opportunities. With locations in Israel, Mexico, Switzerland, Texas, and the UK, MassChallenge connects high-potential startups with industry experts and investors to foster innovation and facilitate growth. The accelerator operates on a non-equity model, allowing entrepreneurs to maintain full ownership of their companies while benefiting from strategic partnerships and tailored training programs. Through its diverse initiatives, such as targeted accelerator programs like MassChallenge HealthTech and FinTech, the organization aims to drive impactful change and enhance the global innovation ecosystem.

HotelPlanner.com is a prominent online provider of group travel accommodations for various events requiring 10+ hotel rooms, including sports teams, business meetings, weddings, and family reunions. With partnerships with over 55,000 hotels across the nation, HotelPlanner.com offers a complimentary service with territory experts who assist in finding the best venue and guaranteed hotel rates. Additionally, they provide the lowest hotel rates for individual bookings. Follow HotelPlanner.com for a chance to participate in their weekly hotel room giveaway.

FasterCapital is an online incubator and accelerator based in Dubai, United Arab Emirates, founded in 2015. The company specializes in supporting startups and small businesses worldwide through a work-per-equity investment model, offering either technical or business development assistance in exchange for equity stakes. FasterCapital focuses on various sectors, including finance technology, health technology, education technology, artificial intelligence, and more. The firm aims to facilitate capital raising efforts for startups by connecting them with angel investors, venture capitalists, and other funding sources. By providing essential resources and expertise, FasterCapital helps entrepreneurs navigate the challenges of launching and growing their businesses.

The Goldman Sachs Group, Inc., established in 1869, is a global leader in investment banking, securities, and investment management. It operates in four primary segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The company provides a wide range of services, including financial advisory services for mergers and acquisitions, underwriting services for various securities, client execution services for fixed income, currencies, commodities, and equities, securities services, and wealth advisory services. It serves a diverse client base comprising corporations, financial institutions, governments, and high-net-worth individuals. Additionally, Goldman Sachs invests in a broad array of asset classes, including debt securities, equity securities, real estate, and private equity, demonstrating its commitment to driving growth and innovation across industries.

Heartcore Capital, established in 2007 in Denmark, is an early-stage venture capital firm with a global outlook. It manages multiple funds totaling approximately €770M, focusing on early-stage and growth opportunities across Europe and the United States. With offices in Copenhagen, Stockholm, Berlin, and Paris, Heartcore invests in over 100 exceptional founding teams from 13 countries, backing category-defining companies in sectors like software, healthcare, and technology. The firm is known for its human approach, supporting not only business growth but also individual founders.

Start-Up Chile is a public business accelerator based in Santiago, Chile, founded in 2010. It aims to attract world-class entrepreneurs to establish their startups in Chile, utilizing the country as a launchpad for global expansion. Recognized as one of the largest and most diverse accelerators worldwide, Start-Up Chile accommodates up to 160 startups annually through two distinct programs: a pre-acceleration initiative for startups with female founders and a seed program for startups with less than three years of development. The accelerator focuses on various sectors, including e-commerce, software, social media, education, clean technology, advertising, applications, and information technology, fostering innovation and entrepreneurship within the region.

SoftBank Group is a multinational telecommunications and internet corporation based in Japan. It operates through four segments: mobile communications, Sprint, fixed-line telecommunications, and internet. The company provides a wide range of services, including mobile and fixed-line voice and data transmission services, broadband services, internet advertising, e-commerce, and digital television. SoftBank Group also invests in various technologies through its venture capital arms, such as SoftBank Investment Advisers and SoftBank Vision Fund, focusing on areas like artificial intelligence, robotics, and the Internet of Things. One of its notable subsidiaries, SoftBank Robotics, designs and manufactures humanoid robots for various applications, including education, healthcare, and business.

Founded in 2012, MyRealTrip is Korea’s leading online travel platform, helping Koreans to travel abroad and domestic.

Level Equity, established in 2009, is a New York-based growth equity firm that invests in technology and internet companies worldwide. The firm specializes in providing growth capital to small and mid-sized businesses in sectors such as software, data services, technology-enabled services, internet, media, and e-commerce. Level Equity focuses on product and technology innovators serving large markets and delivering rapid growth, typically investing in both minority and majority transactions. The firm was founded by Benjamin Levin, George Mcculloch, and Sarah Sommer.

Direct Travel is a leading travel management company in the United States, dedicated to serving middle-market travel accounts. The company specializes in a range of services, including travel booking, visa assistance, customer account management, and concierge services, which are designed to meet the specific needs of both corporate and individual clients. Direct Travel emphasizes cost-saving programs and innovative technology solutions while maintaining a strong commitment to customer service. Their focus on developing a highly skilled professional staff, supported by advanced systems, underpins their philosophy that success is achieved through attentive and tailored service.

Insight Partners, established in 1995, is a global private equity and venture capital firm headquartered in New York City, with additional offices in London, Tel Aviv, and Palo Alto. The company specializes in investing in growth-stage technology and software companies, with a particular focus on sectors such as Fintech, Cybersecurity, AI/ML, DevOps, and Healthcare. As of December 31, 2022, Insight Partners has over $75 billion in regulatory assets under management. The firm has invested in more than 750 companies worldwide and has seen over 55 portfolio companies achieve an IPO. Insight Partners' mission is to partner with visionary executives, providing practical, hands-on software expertise along their growth journey, from initial investment to IPO.

Enhanced Capital, established in 1999, is a New York-based investment firm managing over $400 million. It specializes in providing flexible equity and debt financing to small and mid-sized businesses, promoting their growth and expansion. The firm's investment approach is practical and tailored, aiming to maximize the growth potential of companies poised for rapid growth. Enhanced Capital also invests in renewable energy, historic real estate rehabilitation, and affordable housing projects, often leveraging federal and state incentive programs.

HSG, formerly known as Sequoia Capital China, is a global venture capital and private equity firm, managing over USD 55 billion across various funds. Established in 2005, HSG invests in technology, healthcare, and consumer sectors, with a focus on seed, venture, growth, buyout, and infrastructure stages. The firm has backed over 1,500 companies, with more than 160 listed on public exchanges and over 140 achieving unicorn status. HSG operates globally, with offices in Hong Kong, Shanghai, Beijing, Shenzhen, London, Tokyo, and Singapore, providing extensive resources and industry expertise to its portfolio companies.

Accor is a global hospitality company that operates over 821,000 rooms across approximately 50 hotel brands, catering to various market segments from luxury to economy. The company's brand portfolio includes well-known names such as Ibis, which is the largest, accounting for 35% of total rooms, followed by Mercure and Novotel. Accor's operations have shifted towards an asset-light model, with a significant portion of its earnings derived from managed and franchised hotels, particularly following the sale of most of its owned assets in 2018-2019. The company maintains a strong presence in Europe and North Africa, which collectively represent 44% of its room offerings, while Asia-Pacific accounts for 34%, the Americas for 13%, and the remaining 10% is spread across India, the Middle East, and Africa. Accor also extends its services beyond accommodation, offering entertainment, dining, coworking solutions, and business services to enhance guest experiences and operational performance.

Duke Energy is a major utility company based in Charlotte, North Carolina, providing electric and natural gas services to approximately 8.2 million customers across the United States. The company operates regulated utilities in the Carolinas, Indiana, Florida, Ohio, and Kentucky, and has roughly 35,000 megawatts of electric generating capacity. In addition to its core services, Duke Energy manages natural gas distribution for over 1.6 million customers in Ohio and Kentucky. The company also owns and operates diverse power generation assets, including a significant portfolio of renewable energy projects in North America and Latin America. Through its efforts, Duke Energy aims to deliver energy in a sustainable manner while contributing to the economic vitality and resilience of the communities it serves.

Alterra Mountain Company is a Denver-based operator of a diverse portfolio of 15 year-round destinations, including renowned mountain resorts and the world's largest heli-ski operation. The company offers the Ikon Pass, a popular season pass that allows access to multiple ski areas. In addition to its recreational offerings, Alterra Mountain Company is involved in various sectors, including hospitality, real estate development, food and beverage, and retail. Its mountain resorts feature skiable terrain and are complemented by vacation club properties and condominium hotel management, enhancing the overall visitor experience while also facilitating residential real estate sales and marketing.

MMGY Global is a full-service marketing firm focused on the travel, hospitality, and entertainment sectors. Operating globally, the company provides a comprehensive range of services, including content marketing, media placement, videography, promotions, public relations, and social media management. MMGY Global aims to enhance its clients' marketing strategies through research-driven insights, helping to establish leading brands in the travel and tourism industry. By promoting travel as a cultural bridge, the company is dedicated to fostering a connected, inclusive, and peaceful environment.

Montefiore Investment, established in 2005 and headquartered in Paris, is a private equity firm focused on growth investments in small and mid-sized service companies across France. The firm targets medium-sized companies in sectors such as tourism, leisure, brands, specialized distribution, B2B and B2C services, aiming to combine growth and profitability. Montefiore Investment supports its portfolio companies by providing expertise and active development, working closely with management teams. Authorized by the Financial Markets Authority (AMF) and a member of the French Association of Capital Investors (AFIC), the firm manages multiple funds, investing amounts ranging from EUR 20 million to EUR 200 million, typically in companies valued between EUR 100 million and EUR 500 million.

Easy Trip Planners Pvt. Ltd. (EaseMyTrip.com) is an online travel company of India that is based in Patparganj Industrial Area, New Delhi. This travel company is having its branch offices in various cities of India and overseas. The brainchild of Pitti brothers (Mr. Nishant Pitti and Mr. Rikant Pitti), EaseMyTrip was founded by them in year 2008. It deals in flight tickets, hotel reservations, car rentals, bus booking and holiday packages. The travel agency uses Computer Reservation System like Galileo or sometimes it also books tickets directly from the airlines. For hotels and cars, it provides offline as well as online booking. The company has its overseas branches at places like Bangkok, Singapore, Dubai and Maldives. It is currently having a B2B network of 50,000 Travel agents, 1200 Franchise Outlets, 1800 Corporate Clients, 1600 Distributors, and 640 Whitelabel solutions.

WI Harper Group, established in 1993, is a venture capital firm headquartered in San Francisco with offices in Beijing and Taipei. It specializes in early and early expansion investments, primarily in Mainland China, Taiwan, and Silicon Valley. The firm manages multiple funds totaling over $1 billion and has a team of 19 dedicated investment professionals. WI Harper Group focuses on technology, clean technology, and healthcare sectors, with a notable track record including investments in DivX, Focus Media, Vizio, SiRF, and Commerce One.

Speedinvest, established in 2011, is a European venture capital firm headquartered in Vienna, Austria, with additional offices in Berlin, London, Munich, Paris, San Francisco, and a focus on Central and Eastern Europe. The firm specializes in early-stage investments, typically providing between €0.25 million to €3 million, and takes minority stakes, usually up to 20%. Speedinvest invests in sectors such as deep tech, fintech, industrial tech, marketplaces, consumer tech, and digital health, with a hands-on approach, often taking operational roles in portfolio companies for up to a year. The firm aims to provide more than just capital, offering operational support, growth marketing, HR, US business development, and networking assistance through its in-house Platform+ team.

NCI is a private equity firm based in Rouen, France, founded in 1999. The firm specializes in investing in both public and private markets, focusing on a diverse range of sectors, including agriculture, construction, logistics, digital technology, hardware, e-commerce, food technology, and information technology. NCI leverages its expertise to identify and support companies within these industries, aiming to foster growth and enhance value through strategic investments.

Yanolja is a leisure platform headquartered in Seoul, South Korea, that provides a comprehensive range of online accommodation and travel services. Founded in 2005, the company connects various aspects of travel, including lodging, leisure activities, and transportation, allowing users to book diverse hotel options globally. Yanolja leverages advanced technologies such as artificial intelligence, blockchain, and IoT to enhance its offerings. In addition to consumer services, the company provides cloud-based software solutions for hotels, residences, and leisure facilities, streamlining operations and improving efficiency across the travel industry.

MUFG Bank, Ltd., established in 1957, is a prominent commercial bank headquartered in Sydney, Australia, with a global presence in 41 countries. It offers a comprehensive suite of banking products and services, including loans, deposits, guarantees, remittances, foreign exchange, derivatives, cash management, trade finance, and asset finance. As a subsidiary of MUFG Bank, Ltd., it operates as part of Mitsubishi UFJ Financial Group (MUFG), one of the world's largest banks with approximately $3.2 trillion in assets. MUFG's services span corporate and investment banking, transaction services, and personal banking, catering to individual, corporate, and institutional clients worldwide.

BNP Paribas is a global financial services company headquartered in Paris, France. Established in 1848, it operates through two primary divisions: Retail Banking and Services, and Corporate and Institutional Banking. The company offers a wide array of services, including long-term corporate financing, digital banking, wealth management, asset management, and investment services. It also provides global market services, security services, and corporate trade and treasury services to institutional and corporate clients. BNP Paribas Asset Management, a subsidiary, manages funds for individual and institutional investors, focusing on public equity and fixed income markets worldwide. Additionally, BNP Paribas Fortis, a Belgian subsidiary, offers corporate and investment banking, retail banking, and investment solutions. The company's extensive global network spans nearly 75 countries, serving a diverse range of clients from individuals to large corporations and public institutions.

Trivago, founded in 2005 and headquartered in Düsseldorf, Germany, is a global hotel search platform dedicated to transforming how travelers search for and compare hotel accommodations. With a mission to serve as an independent source of information, Trivago enables users to find the ideal hotel at the lowest rates. The platform provides access to approximately 1.3 million hotels across more than 190 countries and is available through 55 localized websites and applications in 33 languages. Trivago not only assists travelers in making informed decisions by personalizing their hotel searches but also supports hotel advertisers by connecting them with a wide audience. The company operates in three segments: the Americas, Developed Europe, and the Rest of the World, with the majority of its revenue generated from the Developed Europe segment.

Forerunner Ventures, established in 2010 and based in San Francisco, is a venture capital firm specializing in early-stage investments in the consumer sector. The firm focuses on identifying and supporting entrepreneurs who anticipate and meet the evolving needs of modern consumers, thereby transforming industries and driving cultural change. Forerunner invests in a range of consumer-focused segments, including offline-to-online commerce, e-commerce, social and mobile commerce, internet marketplaces, and supporting tools and services. The firm typically invests $250,000 to $500,000 initially, with the potential for follow-on funding in top-performing companies. While preferring investments in the Bay Area, Forerunner also considers companies based in New York and Los Angeles, and often co-invests with active local investors when companies are not based in the Bay Area. Notable portfolio companies include Dollar Shave Club, Warby Parker, and Hims & Hers.

Virgin Group, founded by Richard Branson, is a global investment company with a diverse portfolio spanning leisure, travel, tourism, mobile, broadband, media, finance, and health sectors. The company, headquartered in London, is renowned for its innovative and customer-centric approach, driven by a belief in delivering value, quality, and fun. Virgin Group empowers its employees to create unbeatable customer experiences, often partnering with other businesses to combine expertise and build successful ventures. The group is also committed to using its influence to drive positive change, as exemplified by its philanthropic arm, Virgin Unite.

Airbnb, Inc., established in 2007, operates a global online platform that connects hosts offering accommodations with guests seeking short-term stays. Its diverse listings range from private rooms and luxury villas to unique stays and boutique hotels, totaling over 8 million active listings worldwide. Airbnb facilitates bookings and provides management tools for both hosts and guests, generating revenue through transaction fees. As of 2023, North America contributes to 50% of its revenue.

AirTrip is an online travel agency based in Japan that offers a comprehensive range of travel-related services. These include booking options for bus, train, and flight tickets, as well as accommodations such as hotels and hostels. Additionally, AirTrip provides travel packages for various tour destinations, enhancing the travel experience for its customers. Beyond travel services, the company also engages in IT offshore development projects and business process outsourcing. Through these diverse offerings, AirTrip aims to cater to the needs of travelers while leveraging technology to streamline the booking process.

HV Capital is a venture capital firm based in Munich and Berlin, established in 2000. Formerly known as HV Holtzbrinck Ventures, the firm is recognized as one of Europe's leading early-stage and growth investors, specializing in internet and technology sectors. With a total fund size of €1.7 billion, HV Capital has invested in approximately 200 companies, including notable names like Zalando, Delivery Hero, FlixMobility, and SumUp. The firm supports startups with capital ranging from €500,000 to €50 million, enabling it to finance companies across all growth phases. HV Capital focuses on various industries, including fintech, e-commerce, healthcare, mobility, and education, reflecting its commitment to fostering innovation in diverse sectors.

Howzat Partners is a venture capital firm founded in 2006, with headquarters in Luxembourg and a presence in London. The firm specializes in various investment stages, including incubation, seed, startup, growth capital, early stage, and mid-venture investments. It focuses on digital businesses, particularly in the internet, digital media, and e-commerce sectors, while also exploring opportunities in electronics, transportation, and gaming. Howzat Partners invests globally and acts as a sounding board for its portfolio companies, providing valuable insights and support. Additionally, the firm engages in co-investments to enhance its investment strategy.

Spark Capital, established in 2005, is a venture capital firm headquartered in Boston, Massachusetts, with additional offices in San Francisco and New York. The company invests across various stages and sectors, with a focus on internet, mobile, and technology-driven businesses. Notable investments include Twitter, Discord, and Oculus. Spark Capital typically invests between $0.5 million to $30 million, seeking board seats in its portfolio companies.

The Cabot Collection is a developer and operator of resorts and golf clubs.

Mizuho Capital is a venture capital firm headquartered in Tokyo, Japan, and is affiliated with Mizuho Bank, the second-largest bank in Japan by assets. Founded in 1983, the firm specializes in investments across various sectors, including information technology, internet-related services, biotechnology, healthcare, and manufacturing. Mizuho Capital manages approximately ¥49.6 billion JPY and has a significant track record, with over 600 of its portfolio companies having gone public. The firm was established in its current form in 2002 through the merger of three subsidiaries: Fujigin Capital, Tokyo Venture Capital, and IBJ Investment, which were previously associated with leading Japanese banks. Mizuho Capital is recognized as the fifth-largest venture capital firm in Japan, reflecting its influential position within the industry.

International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. Headquartered in Washington, D.C., with global offices, IFC provides financial and advisory services to support economic activities across various sectors such as infrastructure, agriculture, manufacturing, and financial services. It invests in both direct equity and debt, as well as fund investments, with a focus on projects that promote sustainable development and inclusive growth. IFC's investment range typically spans from $1 million to $100 million, with a minority equity stake, often up to 20%. It also offers debt financing, with loan sizes up to 25% of total project costs or 50% for expansion projects. IFC's portfolio includes a mix of asset-backed securities, corporate debt securities, government obligations, equity investments, and derivative assets. It aims to exit investments through domestic stock markets, arrangements with project sponsors, or public listings within 7 to 15 years.