VC firm Geodesic Capital, co-founded by Mitsubishi Corporation, has closed its first fund at $335m with commitments from several Mitsubishi companies and other corporates.
US-based venture capital firm Geodesic Capital closed its inaugural fund at $335m today with an anchor investment from Mitsubishi Corporation, a member of Japan-headquartered conglomerate Mitsubishi Group.
Geodesic Capital Fund I also secured commitments from four other businesses within Mitsubishi Group: camera manufacturer Nikon, engineering company Mitsubishi Heavy Industries and financial services firms Bank of Tokyo – Mitsubishi UFJ and Mitsubishi UFJ Trust and Banking Corporation.
Insurance provider Sompo Japan Nipponkoa Insurance, financial services firms Toho Bank and Sumitomo Mitsui…
