One of the world’s largest banks, Japan Post Bank, has launched a new fund aimed at supporting startups and announced a $65 million commitment to the vehicle. Separately, Standard Chartered Ventures and French utility company ENGIE Group are collaborating to invest in a conservation funding venture.
Japan Post Bank launches fund, commits $65m
Japan Post Bank has committed 10 billion yen (approximately $65 million) to a fund designed to support startups that are looking to revive “struggling regional economies”, according to a report by Japanese news outlet NHK World Japan on Wednesday.
The fund is reportedly a joint venture with Japanese venture capital company Spiral Capital and approved startups can receive up to $6.5 million each.
