Gree's corporate venture capital unit has reached the first close of its Strive III fund which is targeting a final close in excess of $130m by the end of this year.
Gree Ventures, the corporate venturing arm of Japan-based digital media company Gree, has reached the first close of a fund called Strive III which it intends to close at ¥15bn ($137m).
General partners Yusuke Amano and Tatsuo Tstutsumi will run the fund with Singapore-based partner Nikhil Kapur. Its limited partners (LPs) include Gree as well as financial services firm Mizuho Bank and its corporate venturing unit Mizuho Capital, and state-backed entity SME Support Japan.
Strive III is the unit’s third…
