The Japanese company, which has interests in media, human resources and advertising, intends to invest in up to 30 startups.
Japan-based media, marketing and human resources company Recruit Holdings has established a ¥5bn ($49m) corporate venturing fund that will invest in IT startups, Nikkei has reported.
The fund, Recruit Technology Institute, aims to make about 30 investments in 2014 and will target both domestic and international companies. Recruit launched a US subsidiary in January and has funded startups out of a unit called Recruit Strategic Partners since 2008.
