EC Navi sets up EC Navi Ventures to invest in startups in Japan and Asia /Venture Now

EC Navi establishes EC Navi Ventures, 100% subsidiary to invest in Internet startups. Since 2010 March, EC Navi has operated BOAT, a project to support young entrepreneurs, which is currently incubating five companies and six student organizations to provide free office spaces or advise for their business.

With these initiatives as a backdrop, the new company provides not only capital, but also total support including business planning, organization structure, and developing stable system based on knowledge and experience in Internet related businesses.

The company is capitalized at 100 million yen. It does not raise a fund externally and invests 1 to 10 million yen in seed/early stage ventures in Internet and mobile from its own capital.

EC Navi itself has invested in several startups including Cerevo, Internet consumer appliance maker, and two in Vietnam and one in Indonesia. The new venture capital also plans to invest in startups in Japan and other Asian countries including China.

Venture Now 3/25/2011


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