The internet company will invest the money separately to its corporate venturing unit, Gree Ventures, which recently raised $50m for its second fund.
Japan-based internet company Gree plans to invest almost $100m in businesses outside its core sector over the next year, Japanese venture capital news source The Bridge reported on Friday.
The news was revealed by Naoki Aoyagi, Gree’s managing director, at the B Dash Camp Fukoka event. Aoyagi stated that Gree intends to invest about ¥10bn ($98.7m) as part of an “incubation and acquisition strategy” that is separate to Gree’s corporate venturing unit, Gree Ventures.
“We have to do something different…
