Japan's SBI kicks off $40m North America startup fund

Targets will cover fields like biotechnology, drug discovery and AI

20240923N SBI

SBI Holdings has a track record in forming and managing funds in Silicon Valley. (Photo by Tokuyuki Matsubuchi)

MISAKI MORIKAWA, Nikkei staff writer

TOKYO -- SBI Holdings launched a $40 million fund with contract drugmaker Shin Nippon Biomedical Laboratories this month for North American startups in biotechnology, drug discovery and artificial intelligence, looking for promising targets and new investment opportunities.

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