Sony helps WealthNavi amass more funding

Nov 13, 2018 • Jack Hammond

The robo-advisor developer has raised a further $35.5m from the likes of Sony, Mizuho Bank and SBI Group to take its total funding to approximately $96m.

Japan-based digital asset management platform WealthNavi has raised ¥4bn ($35.5m) in funding through a capital increase from investors including electronics producer Sony’s Innovation Fund.

SBI Group also participated in the capital increase along with SMBC Venture Capital, Mizuho Capital and Mitsubishi UFJ Capital, respective subsidiaries of fellow financial services firms Sumitomo Mitsui Banking Corporation (SMBC), Mizuho Bank and Mistubishi UFJ.

Investment firm Global Brain and Mirai Creation Fund, a vehicle managed by Sparx Asset and backed by SMBC and carmaker…

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