The Japan Investment Corporation (JIC) will make an LP investment of 3.5 billion yen ($22.5 million) in Genesia Ventures’s fourth fund, according to an announcement.
The fund, Genesia Venture Fund IV Investment Limited Partnership (GV-4), launched in April 2025, has a planned duration of 10 years with a possible extension of three years. The fund is aligned with Genesia Ventures’s investment strategy, which is investing in digital businesses and some deep tech companies in Japan, Southeast Asia, and India.
The target size of the fourth fund is not disclosed.
Tokyo-based Genesia closed its third fund at $110 million in 2023. Limited partners, including Canal Ventures, GREE, Japan Investment Corporation, Mizuho Bank, Mizuho Capital, and Oriental Land Innovations, invested in this vehicle.
Genesia mainly invests in digital businesses and some deep tech companies, with over 80% of its domestic investments made in the pre-seed or seed stage.
Despite being a Japanese VC, Genesia Ventures has established a solid position as an entity that supports business and capital alliances between startups in Southeast Asia and Japanese companies, as well as promoting collaboration between Japanese companies and local startups. It has also expanded into India.
JIC’s mission is to create a virtuous cycle of risk capital that supports the next generation of domestic industries by providing funds to help companies grow and strengthen their competitiveness through open innovation, promotion of private investment, and the development of investment professionals.
Through GV-4, JIC will focus on pre-seed and seed stage investments, with the aim of strengthening Genesia’s investment activities and supporting the Japanese startup ecosystem’s capacity to create global unicorns.
In Southeast Asia and India, JIC will strengthen its support for partnerships between Japanese companies and local startups to help Japanese companies create new businesses and expand into new markets.
“Furthermore, by providing fund management support to Genesia, JIC will seek to expand the supply of risk capital from institutional investors through the funds managed by the company over the medium to long term,” JIC wrote in the announcement.
“In addition, JIC expects that by supporting promising startups that use digital technology to provide services that address challenges specific to domestic industries, it can promote digital transformation in industry. Furthermore, by providing fund management support to Genesia, JIC will seek to expand the supply of risk capital from institutional investors through the funds managed by the company over the medium to long term,” it added.
