Gree Sets Up Venture Fund Of 2B Yen Aiming At Asia /Cnet Japan

Gree announced to establish Gree Venture, corporate venture capital. Although Gree has invested in funds such as A-Fund, a venture fund focusing on Android, it is the first own fund with a form of corporate venture capital. The first fund has around 2 billion yen, 100 % invested by Gree. It targets IT startups in early stage. ...

The head of the CVC, Tsutsumi said that the fund does not necessarily focus on synergy with Gree. It aims to gain return on investment in potential startups as a financial investor. ...

Cnet Japan 11/2/2011 [jp]

memo

• As a corporate venture capital of Internet company, CyberAgent Ventures is the most active player. Tsutsumi of Gree Ventures was actually in charge of launching the predecessor of CAV.