Japanese venture capital firm Z Venture Capital (ZVC) has launched a new fund, ZVC Fund II Investment Limited Partnership (ZVC Fund II), with a total size of 30 billion yen ($190 million) to support innovation and drive startup growth globally, according to an announcement.
Tokyo-headquartered Z Venture Capital is a subsidiary of LY Corporation. ZVC Fund II will focus on high-growth areas, including LY Corporation’s core sectors such as media, commerce, fintech, and AI, as well as emerging deep tech fields like space technology and robotics.
Continuing the approach of its predecessor, ZVC Fund I, the new fund will invest across all stages, from early seed rounds to late-stage growth. It will also strengthen ZVC’s global investment efforts, with a focus on key markets supported by its hubs in Japan, South Korea, and the United States.
“Our goal is to back startups at their earliest stages, with a strong emphasis on seed and early-stage investments, while continuing to support the growth of our existing portfolio companies through follow-on funding,” said In Joon Hwang, CEO of Z Venture Capital.
In Southeast Asia, ZVC co-invested in Finfra, an Indonesian embedded lending API startup, in its latest funding round of $2.5 million in October 2024.
In 2021, YJ Capital, a consolidated subsidiary of Japanese internet firm Z Holdings Corporation (ZHD), merged with LINE Ventures to form ZVC and launched a 30 billion yen ($271 million) new fund called ZVC 1 Investment Partnership.
