Daikin Industries, Hakuhodo, Zeon, Fuyo General Lease, Mitsubishi Estate and several banks helped University of Tokyo’s venture arm close its second fund.

University of Tokyo Innovation Platform (UTokyo IPC), the venture capital arm of University of Tokyo, announced the final close of its second fund today at ¥25.6bn ($221m) with backing from several corporate limited partners.

LPs for Accelerating Open Innovation Fund 1 (AOI Fund 1) include air conditioning product manufacturer Daikin Industries, public relations firm Hakuhodo, synthetic rubber producer Zeon, leasing services provider Fuyo General Lease and real estate developer Mitsubishi Estate.

Financial services providers MUFG Bank, Sumitomo Mitsui Banking Corporation,…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).