Japan’s Ricoh backs Singapore’s Intellect in first deal from new US$20M fund
Ricoh, the Japanese office-equipment and digital-services giant, has made its first bet from a freshly launched corporate venture fund and it has chosen mental health as the theme. The company confirmed on Tuesday that it has invested in Intellect, a Singapore-based workplace mental-health platform, through the RICOH Innovation Fund II. Also Read: YC-backed mental health […] The post Japan’s…
Japanese office-equipment giant Ricoh has made its inaugural investment through its newly launched $20 million corporate venture fund, with a focus on mental health. The company has chosen Singapore-based workplace mental-health platform Intellect as its first investment. The $20 million RICOH Innovation Fund II was only established in April, with SBI Investment acting as general partner.
Ricoh aims to leverage Intellect's expertise in mental health and the data it collects from its own workplace services business to create a feedback loop, ultimately aiming to enhance employee well-being and productivity.
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