E-commerce company Beenos has contributed $5m to a new $60m fund, dubbed Beenext, that will invest in startups across Japan, India, Southeast Asia and the US.
Japan-based e-commerce firm Beenos has invested $5m in Beenext, a $60m fund launched by the company’s founder Teruhide Sato, Tech in Asia reported on Monday.
The fund will operate out of Singapore and focus on startups based across Japan, India, Southeast Asia and the US that are developing technology for the internet and mobile sectors.
The remaining capital will be provided by private investors, while Beenext will offer funding, operational know-how and access to a global network.
Five startups in…
