Japan’s Sumitomo Mitsui Banking Corp. and trading house Marubeni invested a total of US$70 million in a new fund launched by state-owned Singaporean investment group Temasek’s venture capital arm Vertex Holdings, Nikkei Asian Review has reported.

Marubeni is investing US$50 million in the fund, and SMBC US$20 million. They joined previously pledged Japanese investors such as Aozora Bank and Risa Partners.

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