Dubbed Iidabashi Cross Partners and led by Masaki Hasegawa, the fund will invest in back-office software developers.

The veteran of the Japanese semiconductor and display equipment company is leaving the CVC unit he restarted in 2011.

Joseph Tou and Simone Lavizzari left the Japanese conglomerate's CVC unit, the latter having taken up an investment manager role at Join Capital.

Michelle Perugini, who was a senior research fellow with the Australian university earlier in her career, has been hired as head of commercialisation.

Overseas investment is flowing into Japan's startup sector, but it is still small compared with other countries' ecosystems.

Razorpay has launched a fund backing early-stage B2B software startups across a range of industries, with up to $1m per investment.

Startups are at risk of failing because artificial intelligence is rendering their business models obsolete, says Jeffrey Li, managing partner of the Chinese technology company's CVC.

Ravi Jain will lead Indian investments for TDK Ventures, the investment arm of Japanese tech company TDK.

Rajeev Misra is formally leaving his leadership role at SoftBank's venture capital arm after seven years defined by controversy.