Tokyo-based web/mobile solutions company IMJ (JASDAQ:4305) has announced a partnership with Fenox Capital, a Silicon Valley-based VC firm. The companies have established a fund worth about $4 million dedicated to investing in startups in the South East Asia region. In terms of the fund’s capital allocation, IMJ takes a 74.37% stake and Fenox makes up the rest. ...continue reading ...
Sd 4/16/2013 [en]
- The new company to manage the fund is IMJ FENOX PTE. LTD., which is located in Singpore. IMJ's existing venture investment arm, IMJ Venture Partners will be merged to the new company. Not only in South East Asia, but it invests in Japan and US according to the company's press release.