Among the big Japanese web companies, Cyberagent is the most aggressive one when it comes to investing in startups in Japan and abroad (via CyberAgent Ventures).
Now GREE also says it will set up a wholly-owned subsidiary, GREE Ventures, that will invest in web (not only gaming) startups worldwide. Much like CyberAgent, GREE is focusing on the East And South East Asian markets in particular.
Operations are expected to start as early as this month. GREE has set up the so-called GV-I Investment Partnership fund, which is managing 2 billion yen (US$25.6 million).
Back in April, GREE invested about the same sum in venture capital firm DCM’s A-fund.