Line and Yahoo Merge Venture Investment Firms... 'Z Venture Capital'
[Asia Economy Reporter Buaeri] Japan's Z Holdings announced on the 1st that its consolidated subsidiaries YJ Capital and Line Ventures have merged.
Naver's Japanese subsidiary Line and SoftBank's subsidiary operating Yahoo Japan, Z Holdings, completed their business integration last month.
Accordingly, Line Ventures and YJ Capital, which were affiliates of Line and Yahoo Japan respectively, have also merged.
The newly launched "Z Venture Capital (ZVC)" from the merger will launch the largest fund in Japan, the "ZVC 1 Investment Partnership" fund worth 30 billion yen (approximately 305.3 billion KRW), and will seek investment opportunities in global markets including Korea, Japan, the United States, China, and Southeast Asia.
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Shinichiro Hori, CEO of Z Venture Capital, stated, "ZVC will provide capital as a growth foundation for startups, develop services through exchanges within the Z Holdings ecosystem, and collaborate to create a better society," adding, "ZVC will do its best as a partner creating the future."
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