Nakashima Propeller, Yoshimasu, Proto Ventures and Logistics Innovation Fund are among the LPs that supplied $44.2m to help close the UAV-oriented investment group’s third vehicle.

Japan-based, drone-focused investment firm Drone Fund has received ¥5bn ($44.2m) from multiple investors including corporates to close its latest fund at its $95m target.

Marine propulsion equipment manufacturer Nakashima Propeller and aircraft engine and aerospace parts producer Yoshimasu were among the limited partners for Drone Fund 3, as was automotive information services Proto’s corporate venturing subsidiary, Proto Ventures.

The LPs also numbered Logistics Innovation Fund, which is run by logistics group Seino Holdings and venture capital firm Spiral Ventures’ fund…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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