Panasonic partners US early stage VC Scrum Ventures to launch BeeEdge JV

The company logo of Panasonic Corp is seen at CEATEC (Combined Exhibition of Advanced Technologies) JAPAN 2015 in Makuhari, Japan, October 6, 2015. REUTERS/Yuya Shino - RTS38NE

Panasonic Corporation is partnering San Francisco-based early-stage venture capital firm Scrum Ventures to set up a joint venture, BeeEdge, to identify and spin-off proprietary technologies within its ecosystem as independent startup ventures, according to a press release.

Panasonic will own 49 per cent interest in the JV vehicle, and is considering investing as a limited partner in Scrum Ventures Fund III. BeeEdge will be led by Scrum Ventures partner Makoto Haruta as its president.

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