Infinity Ventures closes in on new fund, eyes IPOs

The Tokyo-based venture fund is raising its fourth fund, aiming for $120 million for investment in early-stage internet-related companies in Japan, Taiwan and developed Asia.

Japan's Infinity Ventures is on track to close its fourth fund in the new year and has plans for a later-stage fund as it works towards exiting some of the startups on its books.

In an interview with FinanceAsia, co-founder and managing director Akio Tanaka said the company is likely to close Infinity Venture Fund 4 by early next year, targeting $120 million in total, with a potential investment of up to $30 million from Taiwan’s National Development Fund. 

When pressed, Tanaka did not reveal the investors that have signed up to date but investors in previous rounds include...
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