Japan's UTEC raises fourth early-stage fund
University of Tokyo Edge Capital (UTEC) has raised JPY15.5 billion ($142 million) for its fourth fund intended to support the development of research conducted at the university into start-ups.
The venture capital firm said in a statement that the fund – which has a five-year investment period – could eventually expand to JPY25 billion. It brings UTEC’s total assets under management to...
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