Dogan Beta has signed up Yamaguchi Financial Group as a cornerstone investor for its fourth fund, which has achieved a $14m first close with multiple corporate LPs on its way to a $23.3m ceiling.
Dogan Beta, Japan-based investment and consulting services firm Dogan’s venture capital arm, has launched its fourth vehicle with $14m from limited partners (LPs) including a range of corporates.
The Beta 2020 Fund was formed on May 15 this year and is targeting ¥2.5bn ($23.3m) for its final close. The $14m first close was anchored by financial services firm Yamaguchi Financial Group (YMFG), which put up roughly 67% of the capital.
Mobility and insurance group Daiichi Koutsu Sangyo and QTnet, a…
