Cross Capital, a Singapore-based venture platform supporting corporate open innovation, has announced that Resona Bank and Toyo Seikan Group Holdings have joined its Fund of Funds (FoF), Cross Capital I Limited Partnership (CC1), as new limited partners. The addition of these two companies brings the number of Limited Partners to reached seven.

The initiative aims to strengthen Japanese corporations’ ability to collaborate with global startups and access international innovation ecosystems.

The CC1 fund invests in leading growth-stage venture capital funds worldwide, providing corporate partners with access to a large portfolio of startups. Cross Capital has already committed investments to five VC firms across the United States, Europe, Israel, and Southeast Asia, and plans to expand to ten VC partners, creating a portfolio of roughly 2,000 startups.

In addition to financial returns, the platform focuses on generating “strategic returns,” including partnerships with unicorn startups, due diligence for potential capital alliances, and proof-of-concept projects between corporations and emerging technology companies.