Mirai Creation Fund, a joint venture by corporates Sparx Group, Toyota Motor Corporation and Sumitomo Mitsui Banking Corporation, has invested $5m in UIEvolution, a US-based provider of connected device software for the automotive and tourism accommodation industries. UIEvolution had previously raised about $34m from investors including semiconductor maker Intel, trading firm Itochu, game developer Square Enix, communications and media company Shaw Communications, Inspire Corporation and Ignition Partners.
Tata Capital, a private equity subsidiary of conglomerate Tata & Sons, invested “around…
