Akatsuki Lauches $50M Entertainment Investment Fund

Japanese entertainment firm Akatsuki has launched a brand new, Los Angeles-based entertainment fund, called the Akatsuki Entertainment Technology Fund (AET Fund), which will invest in augmented reality and other entertainment technology, the Japanese company announced on Tuesday. According to Akatsuki, the new $50M investment fund is aimed at encouraging startups to create new content and services, and will invest in such areas as Augmented Reality, Virtual Reality (VR), and Mixed Reality markets. The new investment fund's Managing Director is Tomoya Ogawa, who is CFO of Akatsuki. The fund said it will make early stage and Series A investments, with a focus on markets in the gaming, animation, film, music, sports, e-sports, live entertainment, and location based entertainment areas. Akatsuki also will help those companies to reach the Japanese ecosystem.