KII’s Eisai-backed second fund has closed a $99.3m second fund more than double the size of its predecessor, which closed at $43m five years ago.
Keio Innovation Initiative (KII), a venture capital unit for Japan-based Keio University, closed a ¥10.3bn ($99.3m) second fund today featuring limited partners (LPs) including pharmaceutical firm Eisai.
Brokerage Kyokuto Securities, financial services firms Sumitomo Mitsui Trust Bank and Mitsubishi UFJ, the latter’s Mitsubishi UFJ Capital unit, the government-linked Organisation for Small and Medium Enterprises and Regional Innovation and private investor Kazuomi Kanetō are also among the LPs.
KII was founded in 2015 as a joint venture between the university’s business…
