Marui Group and Value Create are among the LPs for the venture firm’s Food Future Fund, which is sponsored by restaurant operator En-Rest and is targeting $28.4m.

Kemuri Ventures, a Japan-based venture capital offshoot of restaurant operator En-Rest, has formed a food-focused vehicle, securing limited partners including retailer Marui Group and consulting firm Value Create.

Asset manager Rheos Capital Works was also among the LPs for the first close of the vehicle, the name of which can be translated as Food Future Fund.

The fund will assist its backers with open innovation and corporate venturing activities. It will seek additional investors for a second close which has…

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Edison Fu

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