Things haven’t been looking good for many Japanese VC firms lately, but that didn’t stop Tokyo-based e-commerce company EC Navi, which today announced the establishment of a VC arm called EC Navi Ventures.
EC Navi Ventures is set up as a separate company (also based in Tokyo), which is 100% owned by EC Navi. The VC subsidiary is capitalized at 100 million yen and led by Hidenori Nagaoka (who is the CFO of EC Navi proper).
What will EC Navi Ventures do?
The company says that it will invest between one and ten million yen ($12,000 to $120,000) in seed/early stage web and mobile startups in Japan, China and the rest of Asia. Apart from capital, the startups can expect support in other areas, too, for example business development or organization.
EC Navi is sure to be of help in this regard: founded in 1999, EC Navi is one of Japan’s oldest web companies. It already made various investments in startups before establishing EC Navi Ventures (in Japan, Vietnam, and Indonesia).
If you’re an Asia-based startup interested in getting in touch with this new VC firm, you can find the contact information here (English).
Via Venture Now
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