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JR East, Dai-ichi Life join tech venture fund

TOKYO -- Six companies including East Japan Railway and Dai-ichi Life Insurance have invested in a venture capital fund targeting technology startups, aiming to support innovation that could yield synergies with their own operations.

The group recently put 2 billion yen ($18.6 million) into the Realtech Fund managed by Euglena Investment, SMBC Nikko Securities and Leave a Nest. Companies such as textile maker Toyobo and Nihon Unisys have joined the project as well, bringing the fund's total investors to 23 and assets under management to 7.5 billion yen.

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