Infinity Venture Partners launches $100M third fund focusing on Japanese and Chinese startups

Infinity Venture Partners’ co-founders and managing partners
L to R: Akio Tanaka, Hirofumi Ono, Masashi Kobayashi

Tokyo-based Infinity Venture Partners (IVP), the seed round investor focused on tech startups in Japan and China, and known as the host of Japanese semi-annual startup showcase event Infinity Venture Summit, announced today that it has formed its third fund called Infinity Asia III, L.P.

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The new fund has raised $32 million from corporate and individual investors in Japan alone, but the amount is expected to reach $100 million next year with additional funding from foreign investors who have participated in their past funds. According to IVP, investors in the third fund include Recruit Holdings, Daiwa Securities, Sammy Networks (game developer), Orso (mobile developer), Mixi, and United.

Since its launch in January 2009, IVP has invested $128 million in over 40 tech startups in Japan and China, including Groupon Japan, Smart Education, Freee (cloud-based accounting platform in Japan), Yeahka (the Chinese equivalent to the Square payments platform), and 36kr (startup database platformer in China). In addition, the group has also invested in international tech companies like AppAnnie (app store analytics) and The RealReal Japan (luxury consignment) in partnership with, a San Francisco-based early-stage VC firm.

IVP launched a co-working and incubation space called TechTemple in Beijing last year to nurture Chinese startups and their ecosystem in the world’s second largest startup community.

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