TOKYO -- Mizuho Financial Group has invested in U.S.-based Zap Energy, becoming the first Japanese bank to take a stake in an overseas company pursuing a commercial breakthrough in nuclear fusion.
Investment arm Mizuho Innovation Frontier joined Zap's recent $130 million funding round as the only Japanese investor. The size of Mizuho's investment hasn't been disclosed but is believed to be several hundred million yen (100 million yen equals $673,000).
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