Drone Fund, which invests in unmanned aerial vehicle technology, has increased its Fund II to $47m with commitments from a range of corporates.

Drone Fund, a Japan-based investment fund targeting drone-focused startups, has raised ¥5.2bn ($47.3m) for its second fund, from limited partners (LPs) including several corporates. The second fund was launched in July 2018, Drone Fund having previously secured about $15m for its first fund six months earlier. Returning investors from the first fund included engineering consultancy…

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