Innovation investor Taronga Ventures has won backing from two of Japan’s biggest institutional investors in the past week, with both Mitsubishi Corporation and Nomura Real Estate Development committing capital to the local player’s property technology fund.

The two Japanese powerhouses will add further momentum to Taronga’s RealTech Ventures Fund, which has commitments already from some of the world’s largest real estate firms, including PGIM Real Estate, CBRE, Patrizia AG, Grosvenor Group and ASX-listed Dexus.