KII’s second iteration more than doubled in size from its predecessor, which closed five years ago and invested in 19 companies.

Keio Innovation Initiative (KII), a venture capital unit of Keio University, closed its second fund at ¥10.3bn ($99.3m) today.
Limited partners included pharmaceutical firm Eisai, brokerage Kyokuto Securities and financial services group Sumitomo Mitsui Trust Bank and Mitsubishi UFJ, as well as the latter’s Mitsubishi UFJ Capital unit.
Japanese government-linked Organisation for Small and Medium Enterprises and Regional Innovation and private investor Kazuomi Kanetō have also backed the fund.
KII Fund II will operate for a decade…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.