Japan-based venture capital firm Incubate Fund launched its ¥11bn ($91.5m) third fund today with contributions from backers including internet portal Tencent, internet company Yahoo Japan, video game developer Sega Sammy and broadcaster Tokyo Broadcasting System.
Japan-based social networking service Mixi also invested, alongside state-backed entities Innovation Network Corporation of Japan (INCJ) and Development Bank of Japan, financial services provider Sumitomo Mitsui Banking Corporation and venture capital firm Misteltoe.
INCJ provided the largest chunk of capital for the fund, committing about…
