The ¥5bn fund will be operated jointly with Simplex Capital Investment and invest in content and technology-focused startups.
Japanese broadcasting company TV Asahi Holdings Corporation has jointly established a corporate VC fund, Ex Innovation Fund No.1, with Japanese investment management company Simplex Capital Investment.
The fund is sized at ¥5bn ($34.7m) and will have an operating period of 10 years. It will focus on investing in the early and expansion stages of startups that are working on content and technology.
TV Asahi is one of six large broadcasters based in Tokyo. Others include Nippon Television, TBS, TV Tokyo and Fuji Television.
