Utech 3's investors for the 10-year fund included government-backed Innovation Network Corporation of Japan (INCJ) and financial services providers Sumitomo Mitsui Banking Corporation and Seibu Shinkin Bank.
The University of Tokyo Edge Capital (UTech), a venture capital firm affiliated with Japan-based University of Tokyo, has made the initial closing of its third fund at Y13bn ($130m) from institutional investors.
Utech 3’s investors for the 10-year fund included government-backed Innovation Network Corporation of Japan (INCJ) and financial services providers Sumitomo Mitsui Banking Corporation and Seibu Shinkin Bank.
UTech said it would make a final close of the fund Y15bn to…
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