GREE announces new $65 million investment fund for startups

GREE announces new $65 million investment fund for startups

Japanese publisher GREE has announced that its investment arm, GREE Ventures, has launched a new fund called the AT-II Limited Investment Partnership.

The AT-II Limited Investment Partnership so far has around $37 million (4 billion yen) committed to it from GREE and Mizuho Financial Group.

However, this amount is expected to grow to $64.5 million (7 billion yen) by the end of 2016.

Get in on the grand floor

The fund will be used for B2B and B2B2C startups, either at seed or early stage funding, with GREE acting as lead investor while also offering its support to the company.

The fund isn't purely for video game investment, though GREE did join with Mixi and COLOPL to start the GREE VR Fund in April 2016, so the company is still showing interest in funding other companies in the gaming space.

[Source: The Bridge]

Deputy Editor

Ric likes to read epic poems and watch classic films to hide the fact he plays way too many games. The facade has thus far not been very effective.


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