Genesia Ventures secures $110 million in third fund

Since its establishment in Tokyo in 2016, Genesia Ventures has launched three funds, focusing on early-stage investments from pre-seed to pre-series A.

Specifically, the first fund, with assets under management of $35 million, successfully raised capital in December 2017. With this source, the fund has invested in a total of 47 different startup companies in Japan and Southeast Asia.

Subsequently, the second fund raised over $70 million in October 2020. From this, Genesia Ventures invested in a total of 59 startup companies, primarily in three main markets, including Japan, Indonesia, and Vietnam.

According to Hoang Thi Kim Dung, Vietnam country manager for Genesia Ventures, the third round demonstrates the resilience and confidence in the fund's investment strategy.

The success of the third fund reaffirms Genesia Ventures' commitment to supporting and nurturing early-stage startups in the region. As the investment landscape continues to evolve, the fund remains dedicated to identifying and backing promising ventures that possess the potential for significant growth and innovation.

Capitalising on its unique advantages, and with an active presence in Japan, Southeast Asia, and soon India, the fund expects to facilitate the transfer of resources, networks, information, and knowledge among these markets. This will create synergies and enable startups and investors to learn from each other, enhance collaboration, and collectively grow.

In Vietnam, Genesia Ventures has invested in 12 different startup companies. The first fund invested in Homedy and Luxstay, while the second invested in seven more – Kamereo, Manabie, eDoctor, BuyMed, Vietcetera, Fundiin, and Selly.

With the third fund, Genesia Ventures has invested in M Village, Rootopia, and Wareflex. With the infusion of $110 million, the fund is determined to make even stronger investments in startups with excellent growth potential in the Vietnamese market that share a common vision.

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