Kawasaki Heavy Industries, Mitsubishi Estate, Koei Tecmo and several banks joined Sony for the fund's first close on its way to a $217m target.

Japan-headquartered consumer electronics and entertainment group Sony reached a first close of its fourth Sony Innovation Fund, which has a ¥25bn ($217m) target for its final close, today.

Sony Innovation Fund 3’s limited partners include Sony itself as well as industrial and vehicle manufacturer Kawasaki Heavy Industries, real estate developer Mitsubishi Estate and Koei Tecmo Capital, a subsidiary of video game and entertainment group Koei Tecmo.

Financial services firms SMBC Group, Mizuho Group, Daiwa Securities Group, Sumitomo Mitsui Trust Bank,…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.