Wednesday, August 7, 2024 – Singapore based Venture Capital(VC) firm Vertex Holdings has entered Japan expanding its startup investment via a new funding, Chua Kee Lock, CEO of Vertex Holdings announced on May 17, 2024.
It is expected that the new fund could secure 10 billion yen ($65 million) in the coming years, Chua Kee Lock said.
About a third of the target will be funded by Vertex Holdings, while Japanese institutional investors and large corporations will raise the rest of the fund.
Japan is emerging in the startup industry, reshaping the potential in the ecosystem to attract the leading global investors.
Reports said that only a few foreign venture capital firms have been investing in Japan, where a few unicorns and startups worth over $1 billion are operating.
More new firms tend to go public because of the availability of smaller private capital for larger startups.
The Japanese government recently implemented a five-year startup development plan, releasing residency rules imposed on angel investors and entrepreneurs from overseas, empowering the ecosystem.
Vertex VC would aim at investing in about 15 startup companies costing from 200 million yen to 500 million yen and follow-on investments.
Consumer and enterprise software firms and deep tech companies will be some of the sectors targeted by the new fund.
Vertex VC has already entered the global network, investing in specific regions, however its arrival in Japan placed it in the 7th network.
