Magazine article Screen International

LA-Tokyo Entertainment Tech Fund Hires VC

Magazine article Screen International

LA-Tokyo Entertainment Tech Fund Hires VC

Article excerpt

Akatsuki Inc. fund to invest $100,000-$1m in blockchain, AI specialists.

Akatsuki Entertainment Technology Fund (AET Fund), a $50m investment vehicle launched last year by Los Angeles and Tokyo-based Akatsuki Inc. among other goals to leverage AR/VR, AI and blockchain technology in entertainment, has hired Mark Linao as principal.

The new arrival will manage the fund and reports to AET Fund managing director Tomoya Ogawa. He currently serves as a venture partner at Candela Partners, an angel and pre-seed fund focused on mixed reality, computer vision, and mapping.

The fund launched last October to invest between $100,000 and $1m in companies. Besides those that create cutting-edge technology for entertainment, recipients of funding will include firms that apply entertainment and game-play elements to sectors including retail, marketing and education.

The first entertainment-driven start-ups to receive investment in the initial tranche include HypeVR, FABLE STUDIO, Tyffon, OCTI, RosieReality, and ALE Co. …

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