GMO VenturePartners Launches VC Fund

GMO Internet Group company and Japanese venture capital firm GMO VenturePartners have launched a JPY1 Billion fund.

GMO VenturePartners Fund III, which has held the first close at JPY500m, backs Advertising, Ecommerce, Payment, and Smartphone related startups focusing on Japan and China and SEA region.

Its first investment is Coda Payments, a startup enabling micropayments in Southeast Asia using advanced carrier-billing technology.

The fund is led by Founding Partner Ryu Muramatsu.



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