Spiral Asia Fund I to hit first close in Sept, targets to raise double-digit million USD

TIAA plans to invest $1b in Japan realty
Mount Fuji and buildings in the Shinjuku district are reflected on a table at an observation deck in Tokyo, Japan. Photographer: Kiyoshi Ota/Bloomberg

Spiral Ventures (formerly IMJ Investment Partners) – a Japanese startup-focused VC firm with offices in Singapore and Tokyo – is raising  its first vehicle – ‘Spiral Asia Fund I’ – with a targeted size of a double-digit million USD, an executive with the firm told DEALSTREETASIA.

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