The e-commerce and B2B financial services firm has provided $920,000 for Infinity Ventures’ early-stage vehicle, representing roughly a tenth of its capital.
Japan-based e-commerce group Raccoon Holdings has invested ¥100m ($920,000) in LaunchPad Fund, a seed-stage vehicle operated by venture capital firm Infinity Ventures.
Infinity Ventures has been holding LaunchPad pitch events twice a year at its Infinity Ventures Summit since 2007 in a bid to identify and back early-stage entrepreneurs.
The firm has increased their frequency to four times a year and delegated investment initiatives to the LaunchPad Fund formed in October 2020 with $9.5m of capital.
In addition to online…
