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Seeking access to the most alluring start-ups, strong due diligence and help with bridging work cultural differences has led three Japanese companies to launch new funds managed by Pegasus Tech Ventures in the past month.

The backer of serial entrepreneurs across Europe, the UK and US has secured a $40m commitment from the British Business Bank.

'If you have a financial portfolio today that does not include venture assets or start-ups, you're effectively concentrating value in existing or past industries of the world,' says Thomas Kristensen, who leads LGT's venture team.

The fund, whose size has not been disclosed, aims to advance global connectivity and innovation, focusing on AI, automation, edge computing and intelligent data infrastructure.

Japanese strategic LPs are driven by a desire to bring emerging technologies into their operations, an interest in strategic relationships and a thirst for M&A or distribution opportunities.

The acquisition of Cursor for $60bn will generate a massive return for at least one small VC, but the biggest winners will be large firms that have dominated fundraising.

Lindy Fishburne, managing partner of Breakout Ventures, talks about the benefits of an anthropology degree, her biggest worry about AI, optimal vacation and more.

The world’s 50 largest venture capital fundraisers raised about $220bn for the five-year period ended December 31, 2025, up 8% from our previous ranking.

Menlo has doubled the size of its co-investment vehicle designed to give LPs exposure to Anthropic and other AI companies, a source tells VCJ.

With a new fund that is 46% larger than its last fund, the firm invests primarily in logistics, healthcare and fintech.