HomeJapanDNX Ventures Closes Japan Fund IV, at $122M; Japan Annex Fund III,...

DNX Ventures Closes Japan Fund IV, at $122M; Japan Annex Fund III, at $55M

DNX Ventures
Pictured: DNX Japan team

DNX Ventures, a venture capital firm based in Silicon Valley and Tokyo, Japan, announced the final close of two funds.

These funds include:

  • $122M Japan Fund IV; and 
  • $55M Japan Annex Fund III, dedicated to follow-on investments.

The focus will be on nurturing startups in Japan, with the potential inclusion of select ventures within the broader Asia region.

The firm received investment from global investors situated outside of Japan, including prominent entities such as Morgan Stanley Investment Management Private Equity Solutions and Atinum Investment.

Founded in 2011, DNX is a venture capital firm that has been investing in B2B startups since 2011, primarily in the Japanese and U.S. markets. To date, the firm has invested in more than 190 startups, mainly in Japan and the U.S., and have led 23 companies to exits, through a total of eight funds totaling approximately U.S. $750M under management, including five main funds and annex/seed funds.

Among B2B startups, the main areas of investment are in cloud SaaS, fintech, deep tech, and sustainability, all in early stages.

In addition to the launch of the new DNX Fund IV, the firm announced Peter McCormick as the latest addition to its advisory team.