Japan's SMBC, Incubate set up USD 200m Asia VC fund
Sumitomo Mitsui Banking Corporation (SMBC) has established a USD 200m growth and late-stage pan-Asian VC fund in partnership with Japan’s Incubate Fund, which will co-manage the vehicle.
SMBC Asia Rising Fund will be headquartered in Singapore. Focus areas will be strategic to SMBC’s core banking business, including lending and payments technology, supply chain finance, digital assets,...
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