Japanet

Pegasus Tech Ventures has announced it will quadruple its corporate venture fund for Japanet, a major mail-order and television shopping network in Japan, to $200 million. This move aims to help Japanet innovate faster and tap into the AI boom, addressing the challenges posed by Japan's slower digital transformation. The fund's expansion follows Aisin's decision to double its own fund to $100 million. Pegasus has invested in nearly 300 startups, managing about $2 billion in assets.