At the reception party for the B Dash event, we heard from the organizer and B Dash Ventures CEO Hiroyuki Watanabe that they are currently forming a new fund. He told us it will be valued at around 6 billion yen (about $59 million) and has secured almost 50% of funding towards its planned closing by end of 2014.
Their previous fund formed in September 2011 was worth 2 billion yen ($20 million) and attracted investment from big companies like Docomo Ventures, Gree, Septeni, Biglobe, and Mitsubishi UFJ Capital. ...continue reading ...
The Bridge 7/17/2014 [en]
- Several new funds have been established this year by venture capitals like B Dash and corporations. Most of them established a larger fund than previous one. Also several new comers joined particularly of CVC. It would be the biggest chance for startups this year than ever.