Japan Airlines (JAL) has established its corporate venture capital (CVC) fund, the “JAL Innovation Fund II.”
The first fund was established in 2019 with a total investment amount of 70 million US dollars (approximately 8 billion yen) and an operating period of 10 years. Translink Capital was responsible for sourcing deals, executing investments, and supporting portfolio companies.
With the second fund, JAL itself will consistently handle investment decisions and business collaboration. In addition to aviation domains such as core areas related to mileage programs and the environment, and adjacent areas such as next-generation mobility, JAL will also develop frontier fields it has not yet been able to reach. This self-operated CVC fund is the first such initiative by an airline in Asia. It will be established by the end of March, with a planned total investment amount of 50 million US dollars. The fund will be managed by Japan Airlines Ventures, a newly established investment company based in Silicon Valley in the United States.
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