LINE completed its merger with Yahoo! Japan owner Z Holdings final month, and now the 2 agency’s enterprise capital arms have additionally mixed. Z Holdings introduced at this time that its subsidiary, YJ Capital, has merged with LINE Ventures to type Z Venture Capital.
The new agency additionally introduced the launch of a 30 billion JPY (about $271 million USD) fund, which it claims makes it one of many largest company enterprise capital funds in Japan. The fund will look in Japan, in addition to world markets like South Korea, the United States, China and Southeast Asia, for funding alternatives, with the goal of making collaborations between startups and Z Holdings’ commerce, media and fintech providers.
In Japan, Z Venture Capital will deal with knowledge and AI applied sciences in sectors like healthcare, cybersecurity and B2B, investing in all phases of startups from seed to late-stage.
The agency will take a “sector-agnostic in principal” strategy to its world investments based mostly on native market traits, however plans to hone in on client web, e-commerce, fintech and mobility corporations. In the United States, it’s going to additionally search for robotics, deep tech and blockchain alternatives.