FinTech: Japan’s SBI Holdings Amassing $663M VC Fund For Startups In High Growth Sectors

The size of the VC fund of SBI Holdings is testament to the Japanese government’s intention to elevate the country as a startup hub in Asia.

SBI Holdings (TYO: 8473), a major Japanese financial firm, is launching a $663 million fund aimed at supporting Web3, AI, and fintech startups. Scheduled to invest in 150-200 companies, the fund is set to begin operations by year-end. The investment scale is substantial, with key contributions secured from major financial institutions like Sumitomo Mitsui Banking Corporation (TYO: 8316), Mizuho Bank (TYO: 8411), Nippon Life Insurance, and Daiwa Securities Group (TYO: 8601).

This injection of more than 50 billion yen represents a significant push in a nation where large venture capital funds are rare. (CryptoPotato)

Japan has been addressing the challenge of fostering startup enterprises, prompting the Kishida administration to outline a “5-year startup development plan” in 2022. This plan aims to boost Japan to the status of a startup hub in Asia, reflecting the belief that startups embody an innovative capitalist mindset by converting societal challenges into growth catalysts.

The Japanese government is ambitiously aiming to increase startup investments from 800 billion yen in 2022 to 10 trillion yen by 2027, focusing on collaboration between the public and private sectors. Their vision includes the development of 100 unicorns and 100,000 startup companies to solidify Japan as a global startup hub.

As the Web3 and AI landscape evolves, regulatory challenges and tax policies are becoming crucial. The government is revising tax frameworks for Web3 companies, with the final reform outline expected around mid-December.

Related Story:  Japanese Finserv SBI Group To Offer Multi-Crypto Fund

Photo by Akson on Unsplash

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…