The media and advertising group provided the capital for venture capital firm Spiral Ventures' Asia fund, which has a $50m target.
Media and advertising group AOI Tyo committed $5m yesterday to an Asia-focused fund managed by Spiral Ventures, the Singapore-based venture capital firm formerly known as IMJ Investment Partners.
Spiral was formed in 2013 by digital services provider IMJ Corporation prior to the latter’s acquisition by media provider Culture Convenience Club the following year.
IMJ was bought by professional services firm Accenture in 2016, and the fund rebranded to Spiral Ventures in March 2017 following a buyout from its management. It…
