Japan-based firm Infinity Venture Partners has reached a $32m first close for its $100m third fund, with limited partners including Recruit, Mixi and Sammy Networks.

Japan-based venture capital firm Infinity Venture Partners (IVP) has secured $32m from backers including several corporates for its third fund, The Bridge reported yesterday.

Human resources company Recruit Holdings, game developer Sammy Networks, mobile content developer Orso, social network operator Mixi, internet holding company United and investment bank Daiwa Securities are among the limited partners to have invested in the fund, Infinity e.ventures Asia III.

IVP has invested approximately $128m in 40 start-ups since it was founded in 2009, targeting…