GREE Ventures announces a new $50m fund for tech startups in Japan and Southeast Asia

May16

by Sindy Cator on May 16, 2014 at 3:01 am

There’s more positive news for entrepreneurs in Asia this week. Hot on the heels of Monk’s Hill Road’s new $80 million fund, Japanese mobile gaming giant GREE has announced its second fund, which weighs in at ¥5 billion — that’s around $50 million. Like the first fund, the new fund — which is managed by GREE Ventures — is targeted at young tech companies based in Japan and Southeast Asia. In particular, GREE Ventures says it is looking to identify opportunities for startups in the consumer Internet, mobile services, marketing technology, and cloud service sectors. Monk’s Hill Road’s fund targets a mixed bag…