TLDR:
Key points from the article:
- DNX Ventures has closed two new Japan funds, Japan Fund IV and Japan Annex Fund III, raising a total of approximately 36.5 billion yen.
- The total capital dedicated to Japan-focused funds, including the Japan Seed Fund, is approximately 39.5 billion yen with the capacity to invest in seed to late stage B2B startups in Japan.
The article discusses DNX Ventures’ final close of $122M for Japan Fund IV and $55M for Japan Annex Fund III, aimed at supporting startups from inception to late stages in Japan and potentially other parts of Asia. Investors include a diverse group of Japanese and international institutional investors, financial institutions, and new supporters.
Peter McCormick, co-founder of Exact Target, has been appointed as an advisor to DNX Ventures, bringing valuable experience in the B2B SaaS sector to guide portfolio companies towards strategic objectives. DNX Ventures has been investing in B2B startups primarily in Japan and the U.S., with a focus on cloud SaaS, fintech, deep tech, and sustainability.
