$190 M new fund to support startups globally launched by Japan’s Z Venture Capital
To assist startups around the world, Z Venture Capital (ZVC), an investment firm based in Japan, has introduced a new fund with a total value of 30 billion yen ($190 million).
ZVC Fund II Investment Limited Partnership (ZVC Fund II) will formally begin operations on January 1, 2025, ZVC announced in a statement on Monday.
Under the direction of President and CEO Takeshi Idezawa, ZVC is a division of LY Corporation.
The fund will concentrate on high-growth industries, such as the core businesses of LY Corporation, which include media, fintech, commerce, and artificial intelligence (AI), as well as newer DeepTech industries like robotics and space technology.
The new fund will make investments at every stage, from early seed rounds to late-stage growth, following the strategy of its predecessor, ZVC Fund I.
With an emphasis on important markets bolstered by its hubs in South Korea, Japan, and the US, it will also bolster ZVC’s international investment initiatives.
Z Venture Capital reaffirms its commitment to helping creative entrepreneurs and promoting global expansion in the business and technology sectors with ZVC Fund II.
The fund is a reflection of the company’s dedication to working with entrepreneurs to influence the future, maximizing investment returns while fostering synergies with LY Corporation Group.
According to Joon Hwang, CEO of Z Venture Capital, the fund’s mission is to promote innovation and propel startup expansion on a global scale.
He stated that this fund will concentrate on digital-first companies, which are the foundation of LY Corporation’s activities, while also venturing into new fields like artificial intelligence, robotics, space technology, and other deeptech fields.
“Our goal is to back startups at their earliest stages, with a strong emphasis on seed and early-stage investments, while continuing to support the growth of our existing portfolio companies through follow-on funding,
“With a global framework that leverages the strengths of each region, ZVC is committed to empowering entrepreneurs and fostering next-generation innovation. Let’s shape the future together,” he added.
