The $65m KDDI Open Innovation Fund will invest in local and foreign companies and KDDI said it would also offer service development, platforms for cloud services using the phone operator's Au Smart Pass content offering, and support for promotional activities.
Japan-based phone operator KDDI has started a Y5bn ($65m) corporate venturing fund to be managed by venture capital (VC) firm managed by Global Brain.
The KDDI Open Innovation Fund will invest in local and foreign companies and KDDI said it would also offer service development, platforms for cloud services using the phone operator’s Au Smart Pass content offering, and support for promotional activities.
Founded by Yasuhiko Yurimoto in 1998, Global Brain set up its first fund, GV-I in…
