Beachwood venture capital firm SunBridge Partners is selling its holdings in Kyriba Japan Co., Ltd., the Japan Joint Venture between Kyriba Corporation and SunBridge, as part of Bridgepoint’s recent investment in Kyriba.
SunBridge Partners teamed with Kyriba in 2012 to help establish its Japan operations via a joint venture model. Previous SunBridge Japan entry joint ventures also include Concur Japan, Marketo Japan and Demandware Japan. Marc Benioff, Steve Singh, Mizuho Capital and Mitsubishi UFJ Capital joined SunBridge as strategic partners and co-investors in the joint venture.
SunBridge worked side-by-side with Kyriba to launch operations in Japan, identify potential customers and assist the company through several generations of growth in Kyriba Japan, including the hiring of President Shintaro Komatsu, and partnered with the team to help maximize the growth and success of the Japan business.