The newly formed corporate venturing fund will be investing half of the $26m earmarked for internet startups, in Indonesia.
Gree Ventures, the corporate venturing fund launched by Japan-based internet media company Gree on Wednesday last week, has laid out more specific plans as to where it plans to invest, according to technology investment website Penn Olson.
Penn Olson quotes Tatsuo Tsutsumi, a representative of Gree, as disclosing that out of the ¥2bn ($25.7m) set aside for the fund, half will be invested in Indonesia.
Tsutsumi is quoted as saying: "[Our focus is on] content (including gaming) and advertisement.…
