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Nomura Strategic Ventures Announces Investment in OSARO
April 6, 2021
Nomura Strategic Ventures, LLC
San Francisco, April 6, 2021 - Nomura Strategic Ventures, LLC (NSV) today announced an investment in Osaro Inc. (OSARO), a San Francisco startup developing AI-based software solutions for industrial automation.
The investment, which assumes the form of a growth capital term loan, was extended from Nomura's venture debt fund, Nomura Strategic Ventures Fund 1 (NSV Fund 1). The transaction will enable OSARO to raise flexible capital while minimizing dilution, and will also further the startup's strategic objective of connecting with the Japanese market.
NSV Fund 1 is an early- to mid-stage venture debt investor that makes debt investments in situations where it can assist with the go-to-market strategies for startups seeking access to the Japanese market. In order to achieve these objectives, NSV works closely with the sales and business-development teams of startups and leverages Nomura Group's strong network of relationships in Corporate Japan.
"Unlike other venture debt investors, we not only invest capital, but also facilitate the business-development objectives of startups like OSARO," said Neeraj Hora, CEO of NSV. "Through our recently launched Nomura-SRI Innovation Center, we expect to find more opportunities to source startups and next-generation technologies that have synergies with Corporate Japan."
NSV is a subsidiary of Nomura Holding America Inc. and manages NSV Fund 1 as well as the investment activities of the Nomura Group's Financial Innovation office in the United States. NSV venture debt inquiries can be referred to Ryan Turner, a Managing Director at Nomura.
Derik Pridmore, CEO of OSARO, added: "Given our strategic focus on Japan and Asia as primary markets for OSARO, we are excited to work with NSV, who will help facilitate the next leg of our business development and revenue diversification in Japan and beyond."
"OSARO solutions help our customers move products. We provide a flexible, scalable way to augment picking labor in the grocery, cosmetic, apparel, and pharmaceutical industries. Our piece-picking systems have improved performance and efficiency for customers in e-commerce order fulfillment and intralogistics, including the world's top material-handling companies," continued Pridmore.
"OSARO has achieved significant milestones in Japan over the last year, deploying systems across Japan and launching a new OSARO subsidiary, OSARO GK, in Tokyo. We're excited to work with Nomura and to continue to expand our sales and engineering organization in Japan."
OSARO designs and deploys robotic automation solutions in the materials handling industry via software defined robotics. OSARO automation systems bring together advanced machine learning for object recognition with powerful control software for motion to deliver reliable and productive industrial automation. For additional information and photos, please visit www.osaro.com or follow the company @osaroAI. Media: firstname.lastname@example.org. A press kit is available at: https://drive.google.com/drive/u/0/folders/1T-DtACP37zKnStJj6-_lgu2NHyhAMWEk
Nomura is a global financial services group with an integrated network spanning over 30 countries. By connecting markets East & West, Nomura services the needs of individuals, institutions, corporates and governments through its three business divisions: Retail, Wholesale (Global Markets and Investment Banking), and Investment Management. Founded in 1925, the firm is built on a tradition of disciplined entrepreneurship, serving clients with creative solutions and considered thought leadership. For further information about Nomura, visit www.nomura.com.