Japan-based venture capital firm Beyond Next Ventures, Inc. said Wednesday that it has achieved first close of its deeptech fund at over $67.17 million.
The firm said in a statement that the firm has established the BNV Fund – 3 (Beyond Next Ventures 3 Investment Limited Partnership).
The fund was contributed by existing investors of its first and second funds, including Organization for Small and Medium Enterprises and Regional Innovation, JAPAN, MUFG Bank, Ltd., Dai-ichi Life Holdings, Inc., Tokyo Century (USA) Inc..
It also saw support from new investors that include SMBC Nikko Securities Inc., Mitsubishi UFJ Trust and Banking Corporation, FFG Venture Business Partners Co. Ltd. and YAGAMI Co. LTD.
In recognition of its past investment performance in deep tech from the seed stage, approximately 80 percent of its Limited Partnerships are continued investments by existing investors in the previous funds.
Source: Technode Global