SIP Global Partners hits $75m first close of debut venture fund
Kabukicho, Tokyo, Japan. Photo: Fabrizio Chiagano
March 11, 2021
SIP Global Partners, a US- and Japan-headquartered venture capital firm, has made a $75 million first close of its debut fund that seeks to invest in early-stage US startups with the potential to expand into Japan and other Asian markets.
The fund, which targets $150 million in total commitments, has already made five investments and continues to look at late seed to Series B-stage firms that have a product that is ready to expand in Asia and the Gulf region, according to a company announcement.
Japan is under discussed as an expansion target for American startups, but in the past few years it has become a top market for companies like Slack, Salesforce, Twitter and, more recently, Clubhouse. Today SIP Global Partners is announcing a new fund to invest in early-stage U.S. startups that have the potential to expand into […]
SIP Global Partners Raises $75M First Close of its Target $150M Debut VC Fund to Support US Technology Companies Poised for Large-Scale Growth Across Asia
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SIP Global Partners Raises $75M First Close of its Target $150M Debut VC Fund to Support US Technology Companies Poised for Large-Scale Growth Across Asia NEW YORK and TOKYO (PRWEB) March 10, 2021 SIP Global Partners (SIP), a US-Japan headquartered VC firm, today announced the first close of $75M of commitments for its debut fund, targeting $150M in total commitments. SIP invests in breakout early-stage US technology companies and supports their expansion across Asia. To date, SIP has made five investments for its debut fund.