Global Brain Corporation (Global Brain) and Meiji Yasuda Life Insurance Company (Meiji Yasuda) have jointly established “Meiji Yasuda Future Innovation Fund L.P.” with JPY 5 billion ($39 million) of committed capital.
In a statement, Global Brain said that “Meiji Yasuda Future Innovation Fund” aims to invest in and collaborate with leading startup companies that are developing businesses in the three areas of (1) maintaining and improving people’s health, (2) revitalizing local communities, and (3) technological innovation that creates new experiences, with the aim of making the products and services offered by Meiji Yasuda more attractive and expanding touchpoints with new customers.
As the General Partner of the Fund, Global Brain will find promising startups, make investment decisions, and provide a wide range of support to startups which “Meiji Yasuda Future Innovation Fund” invests in, striving to achieve rapid growth of the startups.
Global Brain is an independent venture capital firm in Japan that aims to bring new industries to the society through extensive hands-on support for startups and open innovation with large corporations.