Well-known Japanese Venture Capitalist Finally Launches His Own Fund

Hiroyuki Watanabe, a well-known venture capitalist in the Japanese start-up community, recently launched his own fund for investing in tech start-ups. It’s called B Dash Ventures and is reportedly expected to be worth 2 billion yen by next year.

Mr. Watanabe started his career at an investment arm of Japan’s Mitsubishi UFJ Capital in 2007, and he was appointed the investment division manager for a tech-oriented investment company Ngi Group last year.  He frequently lectures and presents at many start-up events and conferences.

NTT Investment Partners, the investment arm of the country’s largest telco, announced it would invest in B Dash Ventures, working together to dig out potential tech start-up personnel and services.  NEC Biglobe (Japan’s second-largest ISP), GREE (social network and game platform operator), and Septeni (web/mobile advertising and affiliate) also announced they would be partnering with B Dash.

Mr. Watanabe unveiled that he partnered with Tokyo’s property company Mori Building, with a number of office buildings and skyscrapers in the heart of the city, working on setting up an incubation facility called B Dash Lab.

Japanese Tech Incubators At A Glance

In Tokyo, we can no longer count the number of tech incubators and VC firms on one hand. So this is a good opportunity to briefly review them.  Here they are in alphabetical order:

• Breakthrough Partners – Co-founded by Koji Morihiro and Yuji Akaba, both of whom are alumni of Techfarm Ventures in Palo Alto.  Recently they held a two-month-long camp for university students to develop their web/smartphone apps and to encourage entrepreneurship.

• East Ventures – Co-founded by Mixi’s ex-CTO Batara Eto and Kronos Fund Founder Taiga Matsuyama, it focuses on investment in South East Asia. (It is also known for having invested in this blog, Penn-Olson)

• Incubate Fund – Co-founded by four venture capitalists and backed by DeNA.  It has invested in social game app developers and mobile portal companies such as Aiming, Pokelabo, Istpika, Cross Games and F-route.

• Infinity Venture Partners – Co-founded by three venture capitalists including Akio Tanaka, the former head of Adobe’s investment division, and Hirofumi Ono, the former managing director of CyberAgent’s subsidiary of mobile app development CA Mobile. It’s known for having invested in Groupon Japan and successfully sold it out at a high valuation.

• Movida Japan – Founded by Taizo Son, a serial entrepreneur and a Korean descendant in Japan.  His older brother is the CEO of Japan’s large mobile operator and Internet service company Softbank. Refer to our previous feature for more details on the company.

• Net Age – Founded by Kiyoshi Nishikawa, the founder of Ngi Group (mentioned above).  He is a lengendary serial entrepreneur and launched a number tech venture companies in Tokyo’s Shibuya region in the late 1990s, which was called BitValley.

• Open Network Lab – A seed accelerator located in Ebisu, Tokyo.  Backed by Tokyo’s web service juggernaut Digital Garage, price comparison portal Kakaku.com, and the MIT Media Lab director Joi Ito. It was recently incorporated.

• Rebright Partners – Founded by Takeshi Ebihara who was previously working with JAFCO and GMO Venture Partners.  He also serves as a director for Indonesian tech incubator Batavia. See our previous article for more details about Batavia.