IMJ Investment Partners launches $53M fund for Japan-based startups

Singapore-based VC IMJ Investment Partners has announced the establishment of IMJ Investment Partners Japan Fund 1 (IMJIP Japan Fund 1) to boost Japans tech ecosystem. It has already raised 2 billion yen ($18 million) and will seek to hit 6 billion yen ($52 million) by the end of 2016. The principal members of this fund are