Genesia Ventures raises $45m for $80m second fund targeting Japan, Southeast Asia

Genesia general partners Takahiro Suzuki (left) and Soichi Tajima (right)

Japanese early-stage investor Genesia Ventures has raised about $45 million for the first close of its second fund that targets to raise a total of $80 million to invest in Japan and Southeast Asia-based startups.

The first close was held in December 2018 and the firm is seeking a final close by the end of September this year, said a top executive.

“The fund will focus on seed and pre-series A stages for our initial investments and do follow-on investments as well. We can invest up to $5 million per startup in total,” Genesia Ventures principal Yuto Kono, who is responsible for investments in Southeast Asia told DEALSTREETASIA.

Genesia Ventures has also appointed Takahiro Suzuki as a general partner of the second fund. The VC firm recently backed a $500,000 funding round for KAMEREO, a B2B purchasing and sourcing platform for restaurants in Vietnam.

In May last year, DEALSTREETASIA first reported that Genesia Ventures planned to raise its second fund with a target corpus of $80-100 million in 2019 that will target investments in both Japan and Southeast Asia.

The second fund will focus on investments in digital transformation, new economy/digital media content and frontier technologies such as AI (artificial intelligence), robots, drones and low-earth-orbit satellites. It will primarily target Indonesia, Vietnam and Singapore for investments, with plans to expand to Thailand, Malaysia, Philippines and India at a later juncture.

Set up in August 2016, Genesia Ventures is led by Soichi Tajima, the former CEO of CyberAgent Capital. Its $40-million first fund had invested in 47 startups, including 35 Japanese companies, by the end of December 2018.

Its backers include institutional investors such as Mizuho Bank, Mizuho Capital, TFHD Open Innovation Program operated by Tokyu Fudosan Holding, Marui Group, mixi, and JA Mitsui Leasing.

Also Read:

Vietnamese B2B restaurant platform KAMEREO raises $500k from Genesia Ventures, others

Vietnam’s realty portal Homedy raises funding from Genesia Ventures, others 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.