IVP Launches New Fund Raised By Web2.0 Celebrities In Japan & China
On Wednesday, Infinity Venture LLP[J] announced it would launch a new fund targeting investment on mobile start-ups in Japan and Mainland China.
The Fundraisers for this are founders and presidents from tech-startups including DeNA (Mobile SNS) , Mixi[J] (SNS), Opt (web advertising agency) and P&A (investment firm founded by Rakuten’s former CTO), who have made success in their financial aspects such as their companies having been listed on a major stock exchange. Its fund size is approximately USD12.5M as of May, and expected to be USD52.1M by the end of this year.
Infinity Venture plans to make an investment of more than USD1M on each of potential start-ups specifically working on mobile SNS and game apps in China as well as social apps and augmented reality in Japan. The fund’s first bid will be made in coming July.
Infinity Venture is well-known for holding a semi-annual event to give emerging tech start-up companies opportunities to present their brand new services in front of visionaries, and its investment team is made of three tech-finance experts including a former partner for Hong Kong-based investment team of Adobe Systems, and a co-founder of CyberAgent’s mobile-oriented subsidiary.
