Japan-based internet services company GMO Internet has established a ¥2.1bn ($18m) corporate venturing fund, Tech in Asia has reported, citing a detail in its first quarter earnings report.
The new fund was set up in March this year and will be the fourth to be managed by GMO Venture Partners, GMO Internet’s corporate venturing subsidiary.
The fund will target Japanese startups that are aiming to enter the North American and Asian markets. GMO Venture Partners raised $12m in 2013…
GCV provides the global corporate venturing community and their ecosystem partners with the information, insights and access needed to drive impactful open innovation. Across our three services - News & Analysis, Community & Events, and the GCV Institute - we create a network-rich environment for global innovation and capital to meet and thrive. At the heart of our community sits the GCV Leadership Society, providing privileged access to all our services and resources.
