Gree's corporate venturing unit has closed its second fund at $67m and is expanding its focus from Japan and Southeast Asia to Japan.
Gree Ventures, the corporate venture capital arm of Japan-based digital media company Gree, has closed its second fund at $67m, DealStreetAsia reported today, citing senior investment manager Nikhil Kapur.
Founded in 2011, Gree Ventures operates out of offices in Japan and Singapore, and typically invests between $300,000 and $3m in each portfolio company. Its parent company, which was founded in 2004, has interests in social media and online games and advertising.
Kapur told DealStreetAsia: “Our fund philosophy is pretty simple.…
