The latest $100m fund will focus on Turkey after the two firms previously set up a $100m fund focused on Africa last year.
Japan-based media conglomerate Softbank has teamed up with Abu Dhabi state-backed Invest AD to launch its second quasi-corporate venturing fund with equal investment from both firms and with joint control.
The latest $100m fund will focus on Turkey after the two firms previously set up a $100m fund focused on Africa last year.
Invest AD has previously bought a minority stake in Turkey’s EKOL Logistics in late 2009.
The Turkey fund will invest in the consumer goods, food, retail and health care sectors.
