Venture United, a Japanese startup investment company, announced today that it has formed a fund worth 1.2 million yen ($11 million). The fund’s investors include the country’s state-run SME Support, Fusion Communications (a telco owned by Rakuten), SBI Securities, ad agency Hakuhodo, and Digital Advertising Consortium.
Venture United and its parent company United, the company best known for homescreen app CocoPPa, have already invested in many startups, including Lifenet Insurance, Enigmo, Unoh (acquired by Zynga back in 2010), and Nobot (acquired by Mediba, a KDDI company). ...continue reading ...
The Bridge 1/22/2014 [en]
memo
- The size of the fund is not so big compared to large scale funds recently launched, but United has had many successful exits for the amount. It is interesting to see which startups they will invest from the new fund.
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