MCP

September 21, 2023

【MCP Group】 Japan Evolution Fund has made 200 million yen investment in Kyulux,Inc., serving as the lead investor in the second closing of the Series C funding round.
(The total investment by MCP Group now stands at ¥1 billion.)
The Japan Evolution Fund, L.P.S., a Japanese limited partnership managed by MCP Group (JEF:https://www.mcp-jef.com/), has invested 200 million yen in Kyulux, Inc. (Headquarters:
Fukuoka City, Fukuoka Prefecture) as the lead investor in the second closing of the Series Cfunding round. Previously, MCP Group invested 800 million yen and dispatched a statutory
auditor in the first close of the Series C round. With this latest investment, MCP Group’s total
financial commitment to Kyulux, Inc. now stands at 1 billion yen.
Kyulux, Inc., a spin-off venture from Kyushu University, specializes in the development of nextgeneration luminescent materials for OLED displays and lighting. The company's core
innovation lies in its proprietary OLED emission technology, Hyperfluorescence™, which wasdeveloped by the globally renowned Professor Chihaya Adachi. This technology enables longlasting high-efficiency performance, and unparalleled color purity, without relying on raremetals, making it highly cost-effective. Having already secured investments from leading
display manufacturers both in Japan and internationally, as well as being engaged incollaborative technology development efforts, Kyulux, Inc. aims to establish mass production
capabilities for its OLED emission technology and materials. The capital raised from thisfundraising round led by MCP Group will be utilized by Kyulux, Inc. to pursue its market entry.
MCP Group highly values Kyulux, Inc.'s exceptional proprietary technology, adept managementof intellectual property, and commitment to mass production in partnership with global
display manufacturers in the expanding organic OLED market. We recognize Kyulux, Inc. as apotential industry disruptor and are committed to providing further support.
We believe that Kyulux, Inc. supported by MCP Group will further the recognition of Japan's
globally competitive deep-tech sector, and also help contribute to the development of thecapital raising ecosystem for mid-stage and growth companies in Japan.
＜Overview of Kyulux, Inc.＞NameKyulux, Inc.

Address

Suite 227, FiaS Bldg. 2, 4-1 Kyudai-Shinmachi, Nishi-ku, Fukuoka, JAPANBusiness

Developing, manufacturing, and marketing of next-generation OLED materials

Representative

Nobuyuki Nakano, CEO

EstablishedMarch 9, 2015

URL

https://www.kyulux.com/

MCP＜About MCP group＞
MCP Group is a distinguished alternative investment management group headquartered inHong Kong, with established offices in Japan (Tokyo, Fukuoka), the United States, and South
Korea. In Japan, we are proud to have MCP Asset Management (Japan) Inc., a registeredfinancial instruments business operator, as well as Millennium Fund Services (Japan) Limited.,
specializing in risk management for alternative investments.
URL
https://www.mcp-am.com/＜About JEF＞
JEF is an investment fund that targets mid-stage startups primarily dedicated to offering
technological solutions for societal challenges and promoting sustainable growth through ESG
initiatives. Guided by the investment philosophy of "Creating globally competitive and scalable
companies from Japan," we harness the extensive network and partnerships of MCP Group,
which has fostered connections between Japanese and international markets for over 20 years.
Additionally, our team members bring a wealth of expertise in finance and management. Our
goal is to enhance the global competitiveness of domestic startups with exceptional
technology, products, and services, and showcase their potential to the world.
【Contact Information】
Please submit your inquiries through the contact form on our fund's website.
URL
https://www.mcp-jef.com/