The spinout-focused fund could invest up to $9.2m in companies, with a focus on automated driving, artificial intelligence and healthcare.
University of Tokyo Edge Capital (UTec), a venture capital affiliate of University of Tokyo, has raised an initial ¥15.6bn ($143m) of a ¥25bn spinout-focused investment fund, Nikkei Asian Review reported today.
The capital has been provided by unnamed, domestic financial services firms. UTec expects to reach final close by April 2018 and hopes to attract contributions from foreign investors.
The fund will invest in early through to late-stage companies, providing up to $9.2m per portfolio company. It will focus on…
