IMJ’s Saito launches new VC fund for seed stage startups

Koichi Saito, who was earlier with IMJ Partners is starting a new VC fund

Former IMJ Investment Partners’ director Koichi Saito, Wednesday, announced the setting up a new venture capital fund that will invest in seed stage startups across South East Asia, Hong Kong and Taiwan.

Saito did not disclose the size of the new venture capital arm that will be called KK Fund. It will focus on seed stage investments with ticket sizes of $100k to $400k,

During his stint with the Japanese fund, IMJ Investment Partners, Saito had overseen a team that had made 10 investments each in Japan and the US and 11 deals in South East Asia.

 

Also Read: Local issues are startup opportunities: IMJ’s Saito

 

Major deals at IMJ, under his watch included, Malaysia-based iMoney, Indonesia’s consumer-to-consumer marketplace Bukalapak, and Zipmatch in the Philippines.

Saito said the major investor in the newly launched KK Fund was Incubate Fund, a top VC firm in Japan with more than $150 million in capital under management, and the latter is backed by Tencent, Yahoo, INCJ, several other investors.

“By leveraging the LP’s and KK’s network, we aim at invigorating M&A activity and strategic investment in startup and VC community throughout Asia,” Saito said.

“I haven’t achieved anything yet, but could not start without tremendous supports from Masahiko Honma from Incubate Fund and other folks,” he added.

In a recent interview, Saito told DEALSTREETASIA that the problems of the SEA region are actually the biggest opportunities for startups.

 

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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.