Tokyo-based social game developer Gumi announced Monday that it has partnered with Shinsei Bank and set up a fund for investing in game developers in mainland China and Singapore. Japan’s economic daily Nikkei reports the fund is expected to invest in developers who are aiming at developing apps and games for consumers in North America. During the next two years, the two companies intend to invest in 10 to 15 companies, with about 10-30 million yen ($125,000 to $375,000) for each investment. Gumi is investing 50 million yen and Shinsei contributes 300 million yen ($3.75 million) to the fund. ...
Tech In Asia 7/2/2012 [en]
- It is not a common case that a game developer and a bank establish a joint venture fund. Many other Japanese banks have a subsidiary of venture capital, but Shinsei Bank does not have and has not been often appeared in topics of venture investment.