The group’s Joyo Capital Partners subsidiary will operate the newly formed $8.8m J-Raise Fund, which will back digitalisation and local economy revitalisation technology developers.
Japan-based financial services holding company Mebuki Financial Group’s Joyo Bank subsidiary has formed a ¥1bn ($8.8m) corporate venture capital vehicle called J-Raise Fund.
The bank’s Joyo Capital Partners unit will manage the vehicle, which has been set up to invest in early-stage developers of technologies and services that are relevant to its business areas, including digitalisation and regional economic regeneration.
Joyo Bank intends to explore business opportunities and improve its existing services through its portfolio companies’ technology and business models.…
