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Completed fundraising totaling 5 billion yen
Skyland Ventures announced on the 14th that it has completed raising a total of 5 billion yen in the “Skyland Ventures No. 4 Fund,” which invests mainly in the Web3 (distributed web) area.
It means that the fund has reached its target funding amount and has finished recruiting investors. In addition, the SBI Group is participating as a new investor.
A new fund established in 2022 has been completed with a scale of 5 billion yen.Thank you to all the investors, investors, and everyone who has been connected#Start a business
Skyland Ventures completes the formation of a new fund with a total of 5 billion yen to invest mainly in the three web areas SBI participates as an investor ・New investments in Taiko, KEKKAI, Desoul, etc. https://t.co/oI2Y7Ydo4b
— Yoshihiko Kinoshita (Max) / Skyland Ventures (@kinoshity) April 13, 2023
Tokyo-based Skyland Ventures has invested in about 150 companies, mainly Japanese startups. After 2022, we will focus on investing in Web3 (Crypto, NFT, Blockchain) startups.
The SV4 Fund, which was formed in April 2022, has invested in domestic and overseas Web2 and Web3 startups as a seed VC. In particular, in the field of Generative AI and the new digital economy sector such as Metaverse, we are actively investing in both Web2 and Web3.
In 2023, four companies such as TAIKO and KEKKAI will be added as new Web3 investment destinations. The main investment destinations of the SV4 Fund are as follows.
・Web3: KEKKAI (NFT security service), Wallchain (MEV solution), Nanameue’ (social service), Desoul (Soulbound token development and management one-stop platform), Murasaki (operated by game studio Cyberstella), Aruyamu (hometown) Tax NFT), TAIKO (ZK Rollups solution fully compatible with Ethereum), CoolConnect (NFT collection, operated by Cool Girl NFT), etc.
・Web2: Ageless (personnel matching area for senior engineers), LUCO (operation of Scollabo, a design tool for live distribution), etc.
connection:Delphi Labs raises $18 million to launch Web3 accelerator
SBI Group invested
Funds operated by SV collect investments mainly from Internet business companies and their founders, and the SBI Group is a new investor in the SV No. 4 fund.
Yoshitaka Kitao, Chairman and President of SBI Holdings Co., Ltd., said as follows.
The SBI Group has collaborated with Skyland Ventures through joint investments in ANYCOLOR and Cluster. This time, as a seed VC by young entrepreneurs, we participated as an investor in the Skyland Ventures No. 4 fund, which invests mainly in the 3 areas of the Web, which was newly formed by them to pioneer new digital areas. We hope that young entrepreneurs who will lead the future will create a token economy and a digital economy.
Skyland Ventures has participated in the BNB Chain European Innovation Incubator as the first Japanese VC partner company, and has been connecting with domestic and overseas communities in the Web3 field, such as investing in participating startups.
The company will continue to promote domestic and overseas VC investment activities centered on the Web3 engineer community CRYPTO LAND. Skyland Ventures Partner and CEO Yoshihiko Kinoshita said:
This time, we are pleased to welcome the SBI Group, the most active company in the Web3/blockchain field in Japan, as an investor. The social implementation of Web3 in Japan and globally will take time, but I would like to work towards the realization of a world where token-type companies will become the standard instead of corporations. We will continue to support Japanese investees in seed investment from scratch and support area selection and product launches, while overseas investees will work together to develop the Japanese market.
connection:L1 blockchain “Sei” for cryptocurrency trading raises about 4 billion yen
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