Japanese conglomerate Sojitz has formed a $33m fund that will be managed by venture firm Fenox Venture Capital, already an investment partner for Sega Sammy and Aisin.

Japan-based diversified trading group Sojitz has partnered venture capital firm Fenox Venture Capital to launch a $33m corporate venturing fund. Fenox will manage the fund, which will invest in global startups that bolster Sojitz‚Äôs existing areas of business as well as creating new ones. Sojitz is also establishing an investment framework in the city of…

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