Daiwa Securities unit teams with Aussie VC to back AI, quantum startups

Technology Daiwa Securities unit teams with Aussie VC to back AI, quantum startups

New fund seeks to raise $143mn this year, targeting businesses in growth stage

The Sakura Fund will look to invest in Australian companies such as Q-CTRL, which develops GPS-free navigation systems. (Photo by Rurika Imahashi)

SYDNEY -- Daiwa Corporate Investment, a subsidiary of Japan's Daiwa Securities Group, will partner with an Australian venture capital firm to launch a fund that invests in leading Australian companies in such fields as quantum technology and food tech.