• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, May 12, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

Coral Capital closes third fund, raising $128 million

by Manasi Varma
September 1, 2021
in Business, Tech, World
Reading Time: 2 mins read
0
Coral Capital third fund
TwitterWhatsappLinkedin

Japanese venture capital firm Coral Capital has revealed that it has closed Coral Capital III, its third fund, raising funds worth 14 billion yen ($128 million). The Tokyo-based company’s total assets under management stand at $275 million following the same. Mizuho Bank, Shinsei Bank, Mitsubishi Estate, Founders Fund, Pavilion Capital, GREE and Dai-ichi Life Insurance are some of the limited partners listed, along with some undisclosed domestic and international investors.

You might also like

Apple’s 2027 ‘Product Renaissance’: What to Expect

Slate Auto’s $27,000 Electric Truck Aims to Redefine Affordable Mobility

Colorado Legalizes Kei Vehicles: A Big Win for Small Cars

Coral Capital third fund
Image Credits: Coral Capital

Coral Capital was founded jointly by James Riney and Yohei Sawayama. It is involved in, and will continue to carry out, investments in seed and early-stage Japanese firms. First checks can range from $500,000 to $5 million, and follow-on funding is also provided, according to Riney’s words to TechCrunch.

To Form A Bridge Between Startups And Investors

Riney, who is now also the CEO at Coral, says that his company has already made some rather large follow-on investments, such as the $17 million granted to Graffer, and the $20 million granted to SmartHR. This time around, at least 30 percent of Coral Capital’s third fund comes from foreign investors, mainly from Asia, Europe, and the United States. As such, Coral has taken it upon itself to create a bridge between it’s portfolio companies situated in Japan, and global investors, in a bid to increase the funding opportunities.

Interestingly, the latest fund apparently has a life that’s on the longer side of the balance, and is extendable to fourteen years. This, Riney says, is to help founders focus “on building,” without a VC demanding a quit exit. The company’s previous two funds each had fund lives of around 10 years. Out of these, the first fund was launched in February 2016, in collaboration with 500 Startups Japan (of which both Riney and Sawayama are the co-founders). Coral Fund II was the firm’s second fund, worth $45 million and launched in 2019.

A Long Way From 9 Years Ago

So far, the firm has already funded some 80 Japanese firms, from Graffer and GITAI, to SmartHR and Kyoto Fusioneering, and has even exited 7 of those. The main focus is on areas like SaaS, deep tech, fintech, fusion engineering, healthcare, insurance, robotic companies, and the like.

Riney believes that the startup scenario in Japan is on its way to becoming huge, especially when compared to 9 years ago. He entered the investment scene with Sawayama back in 2012, when the industry was significantly dry, with less than a billion dollars being invested into startups, and barely any unicorns to boast of.

 

Source: TechCrunch

Tags: Coral CapitalCoral Capital IIIstartupsVenture Capital
Tweet54SendShare15
Previous Post

Mark Cuban incentivizes the use of Dogecoin for payments

Next Post

Tesla one step closer to entering India as road ministry approves 4 models

Manasi Varma

A 20-something year old with a flair for writing, a love for reading, and an obsession for KPop. Most amicable person you'll ever meet.

Recommended For You

Apple’s 2027 ‘Product Renaissance’: What to Expect

by Sneha Singh
May 12, 2025
0
Apple's 2027 'Product Renaissance': What to Expect

Apple will shake up its product lineup with what Bloomberg's Mark Gurman terms a "product renaissance" beginning later in 2026 and running through 2027. Apple had been stacking...

Read more

Slate Auto’s $27,000 Electric Truck Aims to Redefine Affordable Mobility

by Samir Gautam
May 11, 2025
0
Slate Auto’s $27,000 Electric Truck Aims to Redefine Affordable Mobility

Slate Auto, a U.S.-based electric vehicle startup backed by Amazon, is set to shake up the EV market with a radical offering: a no-frills electric pickup truck priced...

Read more

Colorado Legalizes Kei Vehicles: A Big Win for Small Cars

by Samir Gautam
May 11, 2025
0
Colorado Legalizes Kei Vehicles: A Big Win for Small Cars

In a significant move for automotive enthusiasts and advocates of alternative transportation, Colorado Governor Jared Polis has signed HB25-1281 into law, officially legalizing kei vehicles on the state’s...

Read more
Next Post
Red Tesla car outside showroom

Tesla one step closer to entering India as road ministry approves 4 models

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?