Mixi Entertainment Fund has been armed with more than $28m and will be helped by Studio Entre in identifying portfolio companies.

Japan-based social network operator Mixi intends to form a ¥3bn ($28.4m) digital transformation vehicle in October this year, it announced on Friday. Mixi Entertainment Fund will target startups that are working on digitisation technology for use in the live entertainment industry. The company intends to invest up to roughly $95m in this field, including the…

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