Twitter-backer Sozo Ventures secures first close of new fund at $164m

Twitter-backer Sozo Ventures secures first close of new fund at $164m

Mount Fuji and buildings are reflected on a table at an observation deck in Tokyo, Japan. Photographer: Kiyoshi Ota

Sozo Ventures, a US- and Japan-based cross-border venture capital firm, has made the first close of its latest fund at $164 million, its filing with the US Securities and Exchange Commission shows.

The new VC fund — Sozo Ventures III — received commitments from seven investors since its launch in April this year. Sozo Ventures seeks to raise $500 million for the fund.

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