Deals
Nomura Joins With Oldest Japan University to Invest in Startups
- Keio University and brokerage seek to raise 10 billion yen
- Gree co-founder says talent and money are flowing to ventures
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Japan’s quest to gain ground in venture capitalism has brought together its oldest university and biggest brokerage.
Keio University and Nomura Holdings Inc. are teaming up to raise 10 billion yen ($84 million) over the next 10 years to invest in startups, said Kotaro Yamagishi, chief executive officer of a joint venture that’s running the project. Keio Innovation Initiative Inc., formed in December, began seeking investments on Jan. 25 and aims to raise 3 billion yen in the first round of fundraising, Yamagishi said in an interview.