The real estate firm has launched a $44.6m corporate venturing fund with Global Brain which has already pledged investments to two VC firms.
Japan-based property developer Mitsui Fudosan launched a strategic venture capital fund in partnership with investment firm Global Brain yesterday that is expected to be ¥5bn ($44.6m) in size, The Bridge has reported.
The 10-year fund will look to invest in seed, early and middle-stage companies in Japan, North America, Europe, Israel and the rest of Asia. It will eschew from investing in pharmaceutical and biotech companies but will otherwise be largely sector-agnostic.
Some of the areas in which the fund…
