Last month, LINE completed its merger with Yahoo! Japan owner Z Holdings, and now the two firm’s venture capital arms have also combined. Z Holdings announced today that its subsidiary, YJ Capital, has merged with LINE Ventures to form Z Venture Capital.
The new firm also announced the launch of a 30 billion JPY (about $271 million USD) fund, which it claims makes it one of the largest corporate venture capital funds in Japan.
The fund will look in Japan, as well as global markets like South Korea, the United States, China, and Southeast Asia, for investment opportunities, with the aim of creating collaborations between startups and Z Holdings’ commerce, media and fintech services.