Will Smith, one of the world’s most recognizable Hollywood movie stars, has been making headlines lately for diversifying his interests in venture capital and business acquisitions.
Smith and Japanese soccer star Keisuke Honda are launching a venture capital fund called The Dreamers Fund with the intention of raising $100 million for investments in startups that are addressing social problems.
They announced their intentions to the Japanese media Wednesday in a statement from Honda’s management firm, KSK Group, Page Six reported.
Based in Los Angeles, the fund will focus on social issues of concern to its two founders, the statement said, but it did not get into specifics. Nomura, a Japanese financial holding company, is an anchor investor and said that the fund would better position it to help “cutting edge” companies.