Delivery services provider Yamato has partnered venture firm Global Brain to launch a $46.4m fund that will target logistics technology developers.
Japan-based logistics services provider Yamato Holdings formed a ¥5bn ($46.4m) investment vehicle with venture capital firm Global Brain yesterday called Kuroneko Innovation Fund.
The fund will operate for 10 years, backing seed, early and mid-stage developers of supply chain and logistics technologies with business models that complement Yamato’s activities.
The vehicle will make investments starting at approximately $460,000, potentially stretching up to hundreds of million yen (¥100m = $930,000) per deal and will primarily target domestic companies.
Yamato and its…
