Global Brain Corporation (Global Brain), a general partner of KDDI Regional Initiatives Fund (KRIF), announces the launch of the KRIF, together with KDDI Corporation (TYO: 9433, “KDDI”) with total the commitment of 3 billion JPY (approx. 27 million USD).
KRIF-I will invest 3 billion JPY on startups, challenging to solve the social problem for Japanese regional area. As a general partner of KRIF-I, Global Blain will make investment decisions, IPO support, and management support for the portfolio companies of KRIF-I.
With KRIF-Ⅰ, promising startups will be able to develop a most effective growth strategy by using KDDI’s solid telecommunications business platform, extensive business know-how, and customer base through collaboration with KDDI, and by utilizing management support offered by Global Blain.