Top Japan Bank Builds Startup Fund as Policy Push Lures Lenders
- MUFG’s Mars Growth fund looks to invest in Asia, Europe firms
- Japan PM Kishida has made venture capital a key growth pillar
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Japan’s largest bank is growing its pipeline of investments for a startup fund that it jointly owns, as more of the country’s top lenders target growth in a corner of the market that’s got recent backing from the government.
Mars Growth Capital Pte, co-run by Mitsubishi UFJ Financial Group Inc., now has around 40-50 potential investment deals for its recently launched equity fund in countries from Indonesia to Singapore and India, as more mid-and late-stage tech startups look to raise capital, according to Ryutaro Hiroshima.