New Fund Launched in Japan to Invest in Blockchain, AI, VR, Security and Biotech Startups

NewFundLanchedInJapan (1)

A new fund has been launched in Japan to invest in startups tackling blockchain, artificial intelligence, virtual and augmented reality, security and biotechnology.

DG Lab Fund, an investment fund run by DG Daiwa Venture (a joint venture by Digital Garage and Daiwa Securities Group Inc.) will invest up to 20 billion JPY (US$190 million) during the next ten years in startups specializing in these cutting edge technologies.

DG Lab Fund will work in tandem with DG Lab, an open innovation-based research and development organization. Specifically, the fund will leverage DG Lab’s network and research findings on these five technologies to make strategic investment decisions.

Launched earlier this month and with a presence in Tokyo, San Francisco, New York and Boston, DG Lab is the result of a collaboration between Digital Garage and Credit Saison aimed at creating cutting edge businesses and developing innovative solutions in collaboration with foreign companies.

Digital Garage and blockchain technology

In February, Digital Garage participated in Blockstream’s US$55 million Series A funding round. The investment deal marked the company’s first significant involvement in blockchain technology. Digital Garage said back then that it intended to explore — in cooperation with other specialized firms

Read more ... source: TheBitcoinNews