Astamuse and Dream Incubator have combined with University of Tokyo for a carveout fund equipped with just over $26m in capital.

University of Tokyo’s Innovation Platform (UTokyoIPC) has raised an initial ¥2.8bn ($26.1m) for a new carveout-focused venture fund in partnership with patent information platform Astamuse and business development firm Dream Incubator. University of Tokyo invested in the first close, as did financial services firms Sumitomo Mitsui Banking Corporation and Mitsubishi UFJ Bank. The fund, dubbed…

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