Decima Fund secures 4.5 billion yen to support Japanese Web3 ventures

To boost Japan’s emerging Web3 industry, Decima GP Limited announced the successful closing of a financing round worth approximately 4.5 billion yen for Decima Fund, LP. This capital raising, completed on March 14, 2024, is a pivotal step in the Fund’s mission to incubate domestic projects targeting overseas markets and overseas projects aiming to enter Japan.

Decima Fund, established with the vision of strengthening Japan’s position on the global stage, has already decided on 10 investments and is starting investment activities in Web3 domains. These ventures will promote Japan’s presence in the global Web3 ecosystem, support the international expansion of Japanese Web3 ventures, and facilitate global players’ entry into the Japanese market.

The fund includes gumi Inc., led by Hirokuni Kobayashi; MZ Cryptos, founded by Yusaku Maezawa; SBI Holdings, led by Kitao Yoshitaka; and Animoca Brands, chaired by Yat Siu. Their collective experience is expected to provide strong strategic support to the fund’s portfolio companies.

Representatives from each managing partner expressed optimism and commitment to the fund’s objectives. MZ Cryptos’ Yusaku Maezawa is eager to contribute to the growth of Japan’s Web3 industry, while SBI Holdings’ Masashi Okuyama sees the funding as an opportunity to accelerate Web3 initiatives. Yat Siu of Animoca Brands is proud to be part of a team that is advancing the industry by aligning the Decima Fund’s mission with his own. Hirokuni Kobayashi of gumi Inc. believes the fund will have a significant impact on Japan’s Web3 industry and its future.

Decima Fund’s approach focuses on providing stage-specific support from startup to expansion, with a particular focus on supporting Japanese entrepreneurs’ international ventures and global entrepreneurs’ entry into the Japanese market. This strategic positioning is set to create significant value in the rapidly growing Web3 space.

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