The instant messaging company announced the fund at the same time as it took a 10% stake in game developer Gumi.
Line, the Japan-based instant messaging service that filed for an initial public offering last month, announced a $100m fund yesterday that will invest in Japan-based mobile game developers.
Line Game Global Gateway will be launched next month and will be managed by the company’s forthcoming corporate venturing unit, Line Ventures.
The establishment of Line Game Global Gateway follows Line’s formation of a $10m fund in July in partnership with venture capital firm Collaborative Fund.
Line also revealed that it…
