Japanese Terumo launches $75 million US venture capital fund

TOKYO — Japanese medical device maker Terumo has launched a venture capital fund that will invest $75 million in advanced technologies to treat cardiovascular diseases, as the company looks to potential mergers and acquisitions in the future.

Terumo Ventures has launched as a subsidiary of Terumo Americas Holding. It will also establish bases in Boston and Silicon Valley, California, as well as in Belgium.