Japan-based beauty and weight loss products manufacturer Sunnyhealth has partnered Fenox Venture Capital to establish a fund that will invest in startups worldwide and help them enter the Japanese market.
The size of the fund has not been disclosed.
The fund will focus on companies across the healthcare, healthcare IT and software sectors, particularly those that will enable Sunnyhealth to grow its market share. Sunnyhealth will also assist with international growth efforts.
Fenox will be responsible for identifying startups through its network in Silicon Valley and the US, Japan, Korea and Southeast Asia.