The corporate venturing unit doubled the size of its internationally-focused Global Investment Fund to $200m and now has a total of $285m under management.
Rakuten Ventures, the corporate venturing subsidiary of Japan-based internet company Rakuten, doubled the size of its Global Investment Fund to $200m today.
Initially launched in 2013, the Global Investment Fund makes international investments in internet services companies and operates alongside an $85m Japan Fund that was launched by Rakuten in January this year.
SaeMin Ahn, managing director of Rakuten Ventures, stated the increase was due to developments in the wider tech ecosystem, including growth in adtech and messaging platforms…
