The units have combined to form Z Venture Capital following the merger of their parent companies, and will invest out of a $271m fund.
Line Ventures and YJ Capital, the respective corporate venturing subsidiaries of messaging platform developer Line and internet company Yahoo Japan, officially merged today with ¥30bn ($271m) of capital.
Japan-headquartered Yahoo Japan and Line, the messaging platform formed by South Korea-headquartered internet group Naver, closed their merger earlier this month and will operate under Z Holdings, a publicly-listed holding company backed by Naver and telecommunications firm SoftBank.
The newly formed corporate venture capital vehicle, Z Venture Capital, will invest in developers…
