Japan-based investment firm Z Venture Capital (ZVC) has launched a new fund with a total size of 30 billion yen ($190 million) to support startups globally.
ZVC said in a statement on Monday that ZVC Fund II Investment Limited Partnership (ZVC Fund II) will officially commence operations on January 1, 2025.
ZVC is a subsidiary of LY Corporation, led by President and Chief Executive Officer Takeshi Idezawa.
The fund will focus on high-growth areas, including LY Corporation’s core sectors such as media, commerce, fintech, and artificial intelligence (AI), as well as emerging DeepTech fields like space technology and robotics.
Continuing the approach of its predecessor, ZVC Fund I, the new fund will invest across all stages, from early seed rounds to late-stage growth.
It will also strengthen ZVC’s global investment efforts, with a focus on key markets supported by its hubs in Japan, South Korea, and the United States.
With ZVC Fund II, Z Venture Capital reinforces its dedication to supporting innovative founders and driving growth in the technology and business sectors worldwide.
The fund reflects the firm’s commitment to partnering with entrepreneurs to shape the future, creating synergies with LY Corporation Group while maximizing investment returns.
Joon Hwang, Chief Executive Officer of Z Venture Capital, said the fund aimed at supporting innovation and driving startup growth globally.
According to him, this fund will focus on digital-first businesses, which are at the core of LY Corporation’s operations, while also expanding into emerging sectors like AI, space technology, robotics, and other areas of deeptech.
“Our goal is to back startups at their earliest stages, with a strong emphasis on seed and early-stage investments, while continuing to support the growth of our existing portfolio companies through follow-on funding,
“With a global framework that leverages the strengths of each region, ZVC is committed to empowering entrepreneurs and fostering next-generation innovation. Let’s shape the future together,” he added.