SBI US Gateway Fund LP

SBI US Gateway Fund LP is a $40 million venture capital fund established in September 2024 as a joint initiative between SBI Holdings (a Japanese financial conglomerate) and Shin Nippon Biomedical Laboratories (SNBL), with Plug and Play subsequently joining as a co-General Partner in November 2024. The fund targets early-stage startups in North America, with an investment thesis spanning artificial intelligence, advanced manufacturing, climate technology, supply chain, and healthcare sectors including biotechnology and drug discovery. Portfolio companies benefit from SBI Group's venture capital experience, SNBL's CRO and R&D expertise, and Plug and Play's global accelerator network. The fund is headquartered in Seattle, Washington, and is operationally linked to the SNBL Global Gateway (SGG) business incubation facility in Everett, WA, and a Plug and Play presence at the University of Washington — positioning it as a bridge between the Japanese and U.S. innovation ecosystems.