GMO VenturePartners Launches GMO Fintech Fund 7
July 19, 2022
GMO VenturePartners has launched the GMO Fintech Fund 7 LP, its seventh fund, with major financial institutions and others, and the interim closing of 11.3 billion yen.
The fund will invest in Fintech and Decarbon Tech (GX/ESG Tech) related startups in the Indo-Pacific region to help solve social issues and support growth.
Including GMO Payment Gateway, Inc. as an LP, and a unicorn investment fund in a separate fund, the total investment and debt budget source is 50 billion yen, one of the largest in Asia for fintech-related investments, enabling us to support our portfolio companies with both equity and debt while protecting founders dilution.
GMO VenturePartners has managed six funds since 2005, totaling approximately 17 billion yen.
Of the approximately 200 companies GMO VenturePartners has invested in, 18 have gone public across the world and 14 have become unicorns.
There are many promising investment candidates in three regions: India and Southeast Asia, with a population bonus of nearly 2.3 billion people and enormous growth opportunities; Japan, with its high degree of stability; and North America.
The current global market environment is an opportunity to strengthen investment, and the fund aims to create more than 10 unicorns that solve social issues in the same fields and regions by 2030.
Target Regions: Indo-Pacific area (India, Southeast Asia, Japan, North America)
Investment Stage : Mainly around Series A and B, but will also cover seed to growth stages
Investment Amount：Mainly 100-300 million yen per company
Investment theme :Focus on Fintech and GX (Decarbonization/ESG tech), with an eye on Impact Investments and DX areas
Investors: Major companies in the GMO Internet Group, and nearly half of the contribution is expected to come from major financial institutions that have invested in the fund in the past
Neil Davidson： CODA Payments, Founder https://www.codapayments.com/
A high-conviction investor, GMOVenturePartners saw the potential of Coda Payments early and continued to invest even in challenging times. That backing allowed the company to survive and ultimately thrive: today, Coda has processed more than one billion transactions in sixty territories around the world. Throughout our journey, we have drawn on GMOVenturePartners' expertise in payments. I am pleased that, with the launch of its new fund, another generation of entrepreneurs will have the opportunity to benefit from GMOVenturePartners' support.
Akshay Garg： FinAccel, Founder https://finaccel.co/
GMOVenturePartners has deep knowledge of BNPL and invested in us after only the first meeting, when we did not even have a product yet.
They were also one of the first to provide us with debt financing, which is essential for the digital credit business. After this other banks and funds followed suit, and it was an important catalyst for us to become one of the largest Fintech companies in Indonesia today. I am convinced that the need for this new fund is great in Asia.
