Indonesian online real estate marketplace UrbanIndo has concluded a series A financing round led by Japan-based GREE Ventures. IMJ Fenox, a new fund focusing on Southeast Asia markets has also participated. The sum of the financing round wasn’t disclosed. Prior to this financing round, UrbanIndo has also previously raised a round from East Ventures and other undisclosed angel investors. ...continue reading ...
Tech In Asia 6/5/2013 [en]
- IMJ Fenox was launched back in April. It may be the first deal from the fund. Japanese venture capitals mainly from Internet companies have been getting into South East Asia one after another including early entrants like CyberAgent and Gree and recent newcomers like Rakuten and GMO. These successful Japanese Internet companies will surely contribute to develop venture ecosystem in the region.