Shinsei Bank Invests 10B Yen In Startups / Nikkei

Shinsei Bank plans to invest 10 billion yen within the next three years in startups through a subsidiary, Shinsei Corporate Investment which was established in last Novemeber. For the first deal, it invests 75 million yen in Smarteducation developing education apps for kids. The company was founded in 2011 and the annual revenue ending May 2013 is predicted to be 150 million yen. ...

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Nikkei 6/3/2013 [jp]

memo

• Shinsei Bank has accelerated venture investment forming two joint funds, Gumi Ventures and Femto Growth Capital. It is not clear but it seems the investment in Smarteducation is not from either joint funds, but from own fund.
• http://www.shinsei-ci.com/index.html
• http://www.smarteducation.jp/