A new fund worth 11.3-billion-yen (US $81.8 million) has been established by the Japanese venture capital company GMO Venture Partners to invest in fintech and ESG (environmental, social, and governance) businesses in the Indo-Pacific area.
By 2030, GMO Venture Partners claims that the goal of its new GMO Fintech Fund 7 LP is to produce more than 10 unicorns. Companies belonging to the parent company of the company, GMO Internet Group, support the fund. According to the venture capital business, “important financial institutions who have participated in the fund in the past,” would provide close to half of the funding.
GMO VenturePartners has overseen the management of up to six funds totalling about US $123 million since 2005. The VC company has invested this money in approximately 200 firms, 18 of which have gone public, and 14 of which have achieved unicorn status.
GMO VenturePartners has invested in a number of well-known businesses, including Razorpay, Mobikwik, Sansan, and FinAccel.
Its parent company, GMO Internet Group, is listed on the Tokyo Stock Exchange and primarily concentrates on internet-related services. Additionally, it engages in mobile entertainment, cryptocurrencies, and internet advertising. It is a well-known participant in the Japanese domain name and web hosting market.
