As it nears the final close of its $80 million second fund, Japanese VC firm Genesia Ventures says it is likely to spend around 30 per cent of the fund for Southeast Asia.
“We don’t really have a budget (for Southeast Asia) but with our first fund we spent around 30 per cent for outside of Japan, and 70 percent for Japan. For the new fund I think it would be the same,” said Takahori Suzuki, who is in charge of the Genesia’s overseas investments.
