You are here: Home » Companies » Start-ups » Around the World
Business Standard

Rakuten Ventures launches $85 million fund aimed at Japanese startups

The fund will be run out of Singapore, by Saemin and investment manager Hogil Doh, reports Tech in Asia

Michael Tegos / Tech in Asia 

Future imperfect for Indian startups

Rakuten Ventures, the venture capital and investment arm of Japan’s Rakuten group, today announced the launch of the Rakuten Ventures Japan Fund, worth $85 million. The capital commitment has been approved by Rakuten Ventures parent company, Rakuten Inc.

The fund will be aimed at early and growth-stage Japanese startups that focus on “unique technologies and business models,” according to a press release. This includes unique ecommerce models, marketing tech, adtech in the realm of programmatic audio and native advertising, and gaming.

The amount invested in each startup and the equity stake Rakuten Ventures takes will vary with each investment, Saemin Ahn, managing partner at Rakuten Ventures, tells Tech in Asia. Rakuten Ventures will look to provide a runway of two to two-and-a-half years to businesses, allowing them to grow without being distracted by fundraising.

The fund will be run out of Singapore, by Saemin and investment manager Hogil Doh.

Rakuten Ventures launches $85 million fund aimed at Japanese startups

Through its previous funds, like the 2013 Southeast Asia Fund and 2014’s $100 million Global Fund, Rakuten Ventures has invested in startups worldwide, including Carousell, Coda Payments, PocketMath, and AdsNative.

“Through investing in diverse industries and sub-verticals we reaffirmed our philosophy of investing in good tech, products, and services that Rakuten Ventures understands and can add value to,” Saemin says.

This is an excerpt from Tech in Asia. You can read the full article here

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, January 27 2016. 15:38 IST