TLDR: DNX Ventures announces final close of new Japan funds
– DNX Ventures, a Japan and U.S.-based VC firm, has closed two new Japan funds, raising approximately 36.5 billion yen ($243M).
– Total capital dedicated to Japan-focused funds is now around 39.5 billion yen ($263M).
DNX Ventures, a venture capital firm with offices in Silicon Valley and Tokyo, recently announced the final close of two new Japan funds – Japan Fund IV and Japan Annex Fund III. The funds have raised a total of approximately 36.5 billion yen (U.S. $243M). Including the Japan Seed Fund, the total capital dedicated to Japan-focused funds now stands at around 39.5 billion yen (U.S. $263M).
The expansion of the Japan fund family allows DNX Ventures to support startups from their inception to late stages, with a focus on nurturing startups in Japan and potentially other ventures in the broader Asia region. The firm expressed gratitude towards their investors, including a diverse group of domestic Japanese and international institutional investors, financial institutions, and new supporters. Notably, global investors such as Morgan Stanley Investment Management Private Equity Solutions and Atinum Investment have contributed significantly.
In addition to the new funds, DNX Ventures announced the appointment of Peter McCormick as a new advisor. McCormick, known for co-founding Exact Target and later being acquired by Salesforce, brings valuable experience in the B2B SaaS sector and a strong network. DNX Ventures has a total of eight funds under management, totaling approximately $750M, and has invested in over 190 startups in Japan and the U.S.
