Japan-, US-focused Sozo Ventures raises $592m so far for latest fund

Sozo Ventures, a cross-border venture capital firm that invests primarily in the US and Japan, has made another close of its latest fund at $592.4 million, its filing with the US Securities and Exchange Commission shows.

The new VC vehicle — Sozo Ventures III — has received commitments from 23 investors since its launch in April this year. The latest filing also showed that the target corpus for the said fund has been raised to $800 million from $500 million.

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