TOKYO -- A Mitsubishi UFJ Financial Group subsidiary will set up investment funds totaling 50 billion yen ($375 million) on Friday, aiming to respond to large-scale funding needs among startups.
Finance
MUFG subsidiary to set up startup investment funds worth $375m
Mitsubishi UFJ Capital's assets under management would increase 50%
A MUFG subsidiary is establishing a 30 billion yen startup investment fund and 20 billion yen fund specializing in drug-discovery-related investments. © Reuters
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