What is Minerva Growth Partners' new fund targeting?

Minerva Growth Partners' new fund is targeting late-stage startups in Japan.

How much capital has Minerva Growth Partners secured so far?

Minerva Growth Partners has secured approximately 7 billion yen at its first close.

Who are the backers of Minerva's second fund?

Backers include the state-backed Japan Investment Corp, among others.

Home / Business and Economy / Minerva Growth Raises 7 Billion Yen for Startup Fund

Minerva Growth Raises 7 Billion Yen for Startup Fund

14 Jan

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Summary

Minerva Growth Partners secured 7 billion yen for its second fund.
The fund aims to invest in late-stage startups.
Japan Investment Corp is among the backers of the new fund.

Minerva Growth Raises 7 Billion Yen for Startup Fund

Minerva Growth Partners has achieved a first close of around 7 billion yen for its second investment fund, which targets late-stage startups. The firm's ultimate goal for this fund is to raise approximately 20 billion yen in total. Prominent investors include the state-backed Japan Investment Corp, indicating strategic support for the venture.

The Japanese market has historically faced a deficit in late-stage funding, a challenge often cited for pushing startups towards initial public offerings (IPOs) at smaller valuations. This new fund by Minerva aims to alleviate that pressure by providing crucial capital for growth.