Genesia Ventures closes new $75m fund to invest in Japanese, SEA startups

Asia-centered VC firm Genesia Ventures said it has reached the final closing of its second fund at US$75 million, which it will use to invest in Japanese and Southeast Asian startups.

Takahiro Suzuki, general partner at Genesia Ventures / Photo credit: Genesia Ventures

The company said its new fund will be allocated to opportunities in the digital transformation, sharing economy, ecommerce, and digital media spaces, among others.

Genesia Ventures had announced the first close of its second fund in January 2019, raising a total of US$45 million out of its US$80 million target at the time. It counted Mizuho Bank, Mizuho Capital, TFHD Open Innovation Program, and Mitsui Leasing as major investors in the new fund.

Japanese venture capitalist Takahiro Suzuki, who is also the former CEO of VC firm CyberAgent Ventures Indonesia, was named general partner for the second fund.

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Founded in 2016, Genesia Ventures invests in and supports seed and early-stage startups in Japan and Southeast Asia. It has offices in Tokyo, Jakarta, and Ho Chi Minh City, and works with startups, corporations, investors, governments, and non-profit organizations in the region.

The company said in a statement that it has backed 47 seed and early-stage startups from its first fund of US$35 million, which completed its final close in December 2017.

Some of the startups that the company recently invested in include Vietnamese healthtech startup BuyMed, Malaysia-based courier marketplace EasyParcel, and Indonesian logistics startup Logisly.