The seed-stage investors third fund featured Dentsu and Yahoo Japan as limited partners despite closing at $15m less than its target.

US-based seed fund and accelerator 500 Startups has closed an $85m fund that includes Japan-based corporates Dentsu and Yahoo Japan as limited partners, DowJones VentureWire reported on Friday.

Marketing firm Dentsu and internet company Yahoo Japan were joined by Malaysian state-backed firm Malaysia Venture Capital Management Berhad and a host of individual investors.

Founded in 2010, 500 Startups operates as a kind of index seed fund, investing about $100,000 as an initial investment before deciding to reinvest based on each…

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