Gree Ventures and Miki have both contributed to a North Asia-focused venture capital fund that Infinity Ventures plans to close at $120m.
Japan-based venture capital firm Infinity Ventures has reached the first close of a $120m fund following commitments from corporates Mixi and Gree, it has told DealStreetAsia.
Internet company Mixi digital media company Gree are both limited partners in the firm’s fourth fund, the latter through its Gree Ventures subsidiary. Private investor Kotaro Chiba also contributed capital.
Founded in 2009, Infinity Ventures targets early-stage companies based in North Asia, with a focus on internet, e-commerce and financial technology developers.
The fund…
