The telecommunications company has partnered venture firm Global Brain for a fund that will invest in VC funds targeting 5G-relevant companies.

Japan-based telecommunications firm KDDI has formed a fund-of-funds in partnership with venture capital firm Global Brain that plans to invest ¥20bn ($187m) in the next five years. KDDI Open Innovation Fund 3 (KOIF3) was established to back VC funds whose investments could potentially achieve synergy with KDDI as it prepares for the global rollout of…

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