Japan’s Incubate Fund forms $92m Internet of Things vehicle
Tokyo-based early-stage VC firm Incubate Fund has raised JPY11 billion ($91.2 million) for a vehicle that will support Japanese companies involved in the Internet of Things (IoT).
LPs include government-controlled Innovation Network Corporation of Japan (INCJ), Yahoo Japan, Sumitomo Mitsui Banking Corporation, China's Tencent Holdings, Sega Sammy Holdings, Mistletoe, Tokyo Broadcasting...
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