GREE Ventures (“GV”), a Tokyo-based venture capital firm, announced the first close of its new AT-II Investment Limited Partnership Fund (“AT-II”) with approximately $37 million in committed capital from investors including leading Japanese companies and financial institutions.
GV expects its second closing with approximately $60 million by the end of this year.
As with AT-I (GV’s previous fund), AT-II continues to invest in startups at early and seed stage in the internet sector as a lead investor. Geographically, AT-II is starting to seek investment opportunities in India in addition to Japan and Southeast Asia. The investment size will be between $300,000 to $2 million per company.
GV has made over 30 investments in startups across Japan and Southeast Asia;since its inception.
GV plans to invest in the broader internet and mobile sector, in companies with the potential to scale across the region.