University of Tokyo’s venture arm has reached a final close for its second fund thanks to commitments from 11 institutional investors including the institution itself.

University of Tokyo Innovation Platform (UTokyo IPC), the venture arm of University of Tokyo, today announced the final close of its second fund with ¥25.6bn ($221m) in commitments from backers including the institution as anchor investor.

Limited partners in the Accelerating Open Innovation Fund 1 (AOI Fund 1) also include air conditioning manufacturer Daikin Industries, public relations company Hakuhodo, synthetic rubber producer Zeon, leasing services provider Fuyo General…

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).