YJ Capital, Yahoo Japan's Y1bn corporate venture fund, has made its first investment participating in a Y120m round of funding for Raksul.inc
US-based internet services provider Yahoo’s Japanese subsidiary’s corporate venturing unit, YJ Capital, has participated in a Y120m ($1.4m) round of funding for Raksul. Raksul provides price comparison and quotation request service for printings. There was also involvement from ANRI.
In April Raksul raised Y110m.
Set up in September last year, YJ Capital primarily invest in start-up companies in the smart phone, internet advertising and cloud computing markets.
Yahoo Japan is minority-owned by local media conglomerate Softbank and has also bought Decopic Developer, a local provider of the Community Factory social application, for Y1bn.
