The crowdfunding site is set to form the fund as it puts together a significant funding round.
Japan-based crowdfunding website Cerevo plans to set up a $20m corporate venturing fund with Osamu Ogasahara, co-founder of Japanese internet service provider Sakura Internet, to help local technology hardware startups.
Takuma Iwasa, CEO of Cerevo, told news provider The Bridge that Ogasahara is joining Cerevo’s board to run the corporate venturing unit ahead of a forthcoming “big funding round” that will be raised by Cerevo.
Cerevo’s existing investors include venture capital firms Inspire Technology Innovation Fund, Neostella Capital and Voyage…
