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Temasek's Vertex recruits Japan Inc. for $770m unicorn fund

Goal is to match Japanese businesses with promising startups

Singapore's sovereign wealth fund Temasek Holdings has grown richer through its startup investment arm Vertex Venture Holdings.

SINGAPORE -- The venture capital arm of Singapore's state-backed investment group Temasek Holdings, together with Japanese investors, will launch a $770 million fund that seeks to nurture tech startups into multibillion-dollar companies.

Japanese investors will contribute 20% of the capital for the fund created by Vertex Ventures. As of Friday, investment house Risa Partners had committed $50 million, while Aozora Bank had pledged $20 million.

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