Doubles Global Investment Fund in 2016
Fund size increases to tap into hidden pockets of innovation around the world
Singapore, April 12, 2016 - Rakuten Ventures, the venture capital arm of Rakuten Group, announced today a significant injection of US$ 100 million to its Global Investment Fund. The additional funding announcement comes on the back of a successful track record of early-stage investments and the launch of a Japan Fund earlier this year.
Rakuten Ventures operates a Global Investment Fund and a Japan Fund to invest approximately US$ 285 million in technology start-ups. The US$200 million Global Investment Fund seeks out the next generation of innovators, around the world and across the IT sector, with the unique insight to build and sustainably defend a last-mover advantage in their verticals of focus. Rakuten Ventures is run out of Singapore by Managing Partner SaeMin Ahn, Investment Manager Hogil Doh, and Principal Adit Swarup.
global.rakuten.com/corp/news/press/2016/0412_01.html