JTB, Mitsui Sumitomo Banking, Sumitomo Forestry and Dentsu are among the limited partners for the venture firm's latest fund, which is expected to close at $175m.
Japan-based venture capital firm Global Brain has closed ¥15bn ($130m) of a $175m fund, having secured contributions from limited partners including several corporates, Nikkei reported on Friday.
More than 10 companies and universities provided capital, including travel agency JTB, financial services firm Mitsui Sumitomo Banking, wood products supplier Sumitomo Forestry, marketing firm Dentsu and the public-private investment institution Cool Japan Fund.
Founded in 2001, Global Brain has backed companies including printing services provider Raksul, e-commerce app developer Mercari and Luxola,…
