Blockchain Tech

$30 million investment fund focused on blockchain launched in Japan

May 30, 2018


$30 million investment fund focused on blockchain launched in Japan

Japan-based mobile games maker and publisher Gumi has launched a $30 million investment fund focused on blockchain and cryptocurrencies.

The new fund called Gumi Cryptos is led by Gumi founder and CEO Hironao Kunimitsu and Miko Matsumura, the founder of the Evercoin. Law firm White & Case LLP advised on the fund’s formation.

Gumi Cryptos offers its portfolio companies a strategic venture capital investment partner with unique access to the Japan cryptocurrency market through its network of investors and management board. The first funded projects include Basis, Origin Protocol, Robot Cache and Pryze.

Miko Matsumura said in an interview with GamesBeat that they will be bringing startups from outside of Japan to the Japanese market.

“We like early stage. We invest in equity or tokens. We like financial services. We like game technologies, and we believe there is a strong connection between gaming and crypto.”

Hironao Kunimitsu in his turn noted that they decided to create a fund that will enable to engage more directly with early-stage blockchain and cryptocurrency startups, in order to be more effective partners and have a real impact in the market.

“Our team brings tremendous expertise in emerging technology, and with Gumi Cryptos, we can truly partner with these companies as they achieve amazing results for all stakeholders,” he noted.