Geodesic Capital is raising a supplementary fund that aims to open up the Japanese market for US-based startups, and has secured Hitachi as a limited partner.
Japan-headquartered electronics manufacturer Hitachi has agreed to contribute to a fund being raised by US-based venture capital firm Geodesic Capital with a $165m target.
Geodesic Capital Fund I-S will be a companion to Geodesic’s inaugural fund, which closed at $335m in May 2016 with an anchor investment from trading conglomerate Mitsubishi.
Geodesic launched in 2015 to help provide a path for US-based businesses to expand into Japan by making equity investments on behalf of Japan-based partners and helping portfolio…
