Tokyo-based (and newly listed) social game maker Klab is entering the venture capital business. The company’s newly launched subsidiary Klab Ventures has announced it will establish a VC firm together with major Japanese VC SBI Investment this month.
Both partners will hold a 50% stake in the new entity, which will be called Startup Laboratory. SBI Investment currently has US$1.9 billion under management, while Klab’s market cap stands at US$300 million at the Tokyo Stock Exchange.
Startup Laboratory will be focused on deals with early-stage ventures in Japan and abroad.
