Japanese venture capital firm Angel Bridge and seed accelerator firm 01Booster Capital have closed their respective funds.
Angel Bridge closes third fund
Japan-based venture capital firm Angel Bridge has closed its third fund at $72 million, according to an AVCJ report.
The fund drew commitments from Small & Medium Enterprises and Regional Innovation, Fuso Holdings, Ark Totan Alternative, Okachi Securities, Shoko Chukin Bank, Matsui Securities, Monex and SMBC Nikko Securities among others.
Founded in 2015, Angel Bridge targets seed to early-stage startups, focusing on university-originated ventures, deep tech and IT services. The firm has invested in around 31 companies, with cumulative investments amounting to 7.9 billion yen as of June 2023.
The company’s portfolio includes medical and biological research and development startups such as Heartseed, Logomix, Theoria Science, Bios and Fermelanta, deep tech startups including GeneTech, J-Beam, Nippon Hydropowtech and Varinos.
01Booster Capital closes first fund
Japan-based seed accelerator firm 01Booster Capital has closed its first fund, it said in a press release.
The firm secured additional investment from Japanese companies Willway, Nihonkai Lab and 01Booster along with existing investors.
01 Booster Capital has invested in 14 startups across a wide range of industries, including metaverse, web3, fintech, AI/ML, construction, and entertainment.
Founded in 2012, 01Booster is a B2B mentor-driven accelerator. The firm has invested in three overseas startups, four female-owned startups, and one spin-off startup.