Itochu Technology Ventures launches third, $66.7m fund
Itochu Technology Ventures, the tech-focused venture arm of Japanese trading conglomerate Itochu, has announced the first close of its third fund with a capital commitment of JPY5.4 billion ($66.7 million), equivalent to the fund’s final-target size.
The firm’s parent will inject one-third of the fund’s corpus, equivalent to JPY1.8 billion ($22.2 million). The fund, named Technology Ventures No.3, aims to support the nation’s highly developed...
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