The banking firm joined Future Venture Capital for a $2.8m joint investment venture to back startups based in Japan’s Oita prefecture.
Japan-based financial services firm Howa Bank teamed up with venture capital firm Future Venture Capital (FVC) yesterday to form a ¥300m ($2.8m) startup investment fund.
The name of the vehicle can be translated as Howa Entrepreneurial and Business Succession Support Fund and it is set to invest for between eight and 10 years. It is intended to help revitalise Howa Bank’s business areas by supporting startups in Japan’s Oita prefecture where it is headquartered.
FVC already runs 27 other regional…
