IOT

NTT Creates Pan-Asia Fund for Emerging Tech in SE Asia

NTT, a top telecom firm from Japan, is boosting innovation in Southeast Asia. NTT Docomo Ventures and NTT Finance are launching Synexia Ventures. It’s a new corporate venture fund. The fund is based in Singapore. It helps promising startups in Indonesia, Malaysia, the Philippines, and Singapore. NTT is making a smart move to work more closely with local tech innovators. Key Details: What Is Synexia Ventures Investing In? Management: The fund will be co-managed by NTT Docomo Ventures (NDV), NTT Finance, and Kuan Hsu. Kuan is a General Partner at KK Fund and has a lot of VC experience in Southeast Asia. Fund size & focus: The fund is US$10 million (about ¥1.5 billion). It focuses on startups in AI, IoT, robotics, drones, and smart-city solutions. These areas match NTT’s…