VCs commit $15m to Japanese AI specialist
A group of venture capital firms, including SBI Investment, have invested $15 million in a Series B round for Cinnamon, a Japanese artificial intelligence (AI) company focused on office automation.
Sony Innovation Fund, SMBC Venture Capital, FFG Venture Business Partners, Sparx Group, and a VC fund managed by Nomura Holdings also made contributions, while a debt component was provided by Sumitomo...
More on North Asia
Latest News
Exit strategy: Good timing
KKR helps make the argument for realizing early exits when it supports a fundraising process, but LP reactions to this approach remain a mix of approval, suspicion and resignation
New Horizon buys Japan cosmetics player from Ant Capital
Japanese private equity firm New Horizon Capital has acquired 100% of Kagayaku Cosmetics from Ant Capital Partners for an undisclosed sum.
SoftBank Ventures Asia hits $269m first close on global fund
SoftBank Ventures Asia – previously known as SoftBank Ventures Korea – has reached a first close of KRW317.4 billion ($269 million) on a fund that will make early-stage investments globally with a focus on Asia.
Brookfield to lead $3.7b investment in Reliance India telecom unit
A consortium led by Brookfield Asset Management has agreed to invest INR252 billion ($3.66 billion) in the telecommunication tower unit of India’s Reliance Industries. It is said to be the largest foreign investment in an Indian infrastructure asset...