Spiral Ventures closes debut Japan fund at $64m

Spiral Ventures closes debut Japan fund at $64m

Japanese yen notes are piled up after counting at a bank during a photo opportunity in Seoul October 8, 2010. REUTERS/Lee Jae-Won

Spiral Ventures, a venture capital firm focused on startups in Japan and Southeast Asia, closed its debut fund, the Spiral Ventures Japan Fund 1, at ¥7 billion ($64 million), the largest first fund raised by an independent VC firm in the country, the company announced.

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