Internet and e-commerce company DMM.com views its new venture capital fund as complementary to its M&A investments.
E-commerce and internet company DMM.com is set to form a ¥10bn ($89m) venture capital vehicle called DMM Ventures that will acquire minority stakes in early-stage businesses, TechCrunch Japan has reported.
Japan-based DMM runs an online platform that includes e-commerce stores for products including e-books, smartphones and robots, along with information on topics such as cryptocurrency and a tool for practising the English language.
DMM Ventures’ objectives will include supporting the prospects of young entrepreneurs and injecting fresh life into the…
