The $9.5m investment vehicle will be run by Opt unit Bonds Investment Group for up to 13 years, targeting local entrepreneurs.
Bonds Investment Group (BIG), the corporate venturing subsidiary of Japan-based marketing firm Opt, has partnered Japan’s Hyogo prefecture and Kobe city governments to form a ¥1bn ($9.5m) vehicle.
Hyogo Kobe Startup Fund (also known as Hyogo Kobe Fund) will launch next month and is set to operate for a decade, extendable by three years. BIG will be the general partner of the fund while limited partners will include Hyogo prefecture and Kobe city-affiliated organisations.
The vehicle will target seed to…
