Drone Fund, which invests in unmanned aerial vehicle technology, has increased its Fund II to $47m with commitments from a range of corporates.
Drone Fund, a Japan-based investment fund targeting drone-focused startups, has raised ¥5.2bn ($47.3m) for its second fund, from limited partners (LPs) including several corporates.
The second fund was launched in July 2018, Drone Fund having previously secured about $15m for its first fund six months earlier.
Returning investors from the first fund included engineering consultancy Japan Asia Group, price data aggregator Oak Fan, education provider Leave a Nest, internet company Digital Garage’s DG Incubation subsidiary, financial services firm Bank of…
