TOKYO -- Six companies including East Japan Railway and Dai-ichi Life Insurance have invested in a venture capital fund targeting technology startups, aiming to support innovation that could yield synergies with their own operations.
The group recently put 2 billion yen ($18.6 million) into the Realtech Fund managed by Euglena Investment, SMBC Nikko Securities and Leave a Nest. Companies such as textile maker Toyobo and Nihon Unisys have joined the project as well, bringing the fund's total investors to 23 and assets under management to 7.5 billion yen.
