Asahi Media Lab Ventures, So-net Media Ventures, Eltes and Marui were among the LPs that helped venture capital vehicle Reality Accelerator raise almost $7m for its first fund.

Japan-based venture capital firm and accelerator program Reality Accelerator reached a ¥730m ($6.7m) close for its first fund on Monday, having received limited partner (LP) commitments from multiple corporates.

The LPs included Asahi Media Lab Ventures and So-net Media Ventures, corporate venturing arms of beverage producer Asahi and electronics producer Sony’s So-net internet service subsidiary respectively, as well as data security technology provider Eltes and retailer Marui Group.

The corporates were joined by venture capital firm Future Venture Capital, an…

Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.