SBI Holdings, NTUitive, Kyobo Life Insurance launch US$75m VC fund
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JAPANESE financial services group SBI Holdings, the owner of Japan’s largest online brokerage, is aiming to raise US$75 million for its new fund to invest in digital opportunities in South-east Asia and South Asia.
SBI Holdings, which oversees over US$5.69 billion in assets, said its venture capital (VC) arm SBI Ven Capital (SBIVC) will manage the fund.
The fund’s 2 other general partners are NTUitive, the innovation and enterprise company of Nanyang Technological University (NTU), and Kyobo Securities, the securities brokerage arm of South Korea’s Kyobo Life Insurance Group.
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