The property developer has teamed up with Global Brain again for an $81m corporate venture capital vehicle that will have a similar focus to its predecessor.
Japan-based real estate developer Mitsui Fudosan partnered venture capital firm Global Brain to form an ¥8.5bn ($81m) corporate venturing vehicle dubbed 31Ventures Global Innovation Fund II on Wednesday.
The second fund, abbreviated as CVC II, will invest in startups developing real estate services or digitisation and smart city technologies. The initiative will also seek out companies with innovative business models that can complement Mitsui Fudosan’s core business.
Mitsui Fudosan will receive Global Brain’s management support for 31Ventures in areas such…
