The unit, a subsidiary of social networking and gaming company Gree, is targeting a second close this summer.
Gree Ventures, the corporate venturing unit owned by Japan-based social networking company Gree, has reached the first close of its second fund at $50m, according to Tech in Asia.
The fund, called AT-I Investment Limited Partnership, was backed by Gree Ventures’ corporate parent, as well as Mizuho Capital and Credit Saison, both of which are units of Mizuho Bank, state-backed entity SME Support Japan and game developer Ateam.
Gree Ventures will continue fundraising and plans to announce a second close…
