DNX Ventures, a venture capital firm based in San Mateo, CA, and Tokyo, announced the close of three funds.
These included:
- the initial close of $110M for Japan Fund IV, and $50M for Japan Annex Fund III for follow-on investments, along with
- the final close of $20M for Japan Seed Fund for seed stage investments, totaling approximately 26 billion yen (~U.S. $179M) across the three funds.
This new Japan fund family will enable DNX Ventures to continue to support startups from seed to late stages, and will focus on startups in Japan, possibly including some in the Asia region.
Japan Fund IV and Japan Annex Fund III will continue to fundraise, aiming for a cumulative total of 40 billion yen (U.S. $276M) across the three new Japan funds. Additionally, DNX will separately raise and announce a family of new Funds for investment in the U.S. and other regions.
DNX is a venture capital fund with offices in Silicon Valley and Tokyo that has been investing in B2B startups since 2011, primarily in the Japanese and U.S. markets. To date, we have invested in more than 160 startups, mainly in Japan and the U.S., and have led 18 companies to exits, through a total of eight funds totaling approximately U.S. $750M under management, including five main funds and annex/seed funds. Among B2B startups, the main areas of investment are in cloud SaaS, fintech, deep tech, and sustainability, all in early stages.
FinSMEs
13/10/2022