TLDR:
DNX Ventures has raised $243 million for two new Japan funds, with $188 million dedicated to Japan Fund IV and $55 million for Japan Annex Fund III. The firm aims to support startups in Japan from seed to late stage, with a focus on nurturing exceptional founders. DNX Ventures has also expanded its advisory team with the addition of Peter McCormick, co-founder of Exact Target, to provide guidance to portfolio companies.
Article Summary:
DNX Ventures, a Japan and U.S.-based venture capital firm, has closed two new Japan funds with a total of $243 million raised. The funds, Japan Fund IV and Japan Annex Fund III, are dedicated to supporting startups in Japan from seed to late stage. The firm aims to nurture exceptional founders who are pursuing high-growth and making a positive impact on society. The funds have attracted a diverse group of domestic Japanese and international institutional investors, including Morgan Stanley Investment Management Private Equity Solutions and Atinum Investment.
In addition to the new funds, DNX Ventures has expanded its advisory team with the addition of Peter McCormick, co-founder of Exact Target. McCormick brings a wealth of experience in the B2B SaaS sector and will provide guidance to the firm’s portfolio companies in achieving their strategic objectives. DNX Ventures aims to continue investing in B2B startups in Japan and the U.S., with a focus on cloud SaaS, fintech, deep tech, and sustainability.
