US-based Hustle Fund closes first $11.5m fund anchored by China's Shanda, Line and Naver

Singapore buildings reflected on water. Photo: Shownen Kang/Unsplash

US-based Hustle Fund has closed its first fund of $11.5 million, anchored by China’s online gaming giant Shanda, Japan’s Line and Naver, South Korea’s largest search engine. Other investors include tech operators, founders and executives of Zappos, Optimizely and NerdWallet.

The pre-seed venture capital firm has also appointed a new managing partner to drive their focus on Southeast Asia.

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