Across Ventures Partners with SBI Holdings for New Fund
Across Ventures is partnering with SBI Holdings, a Tokyo-based financial group, to launch a $100 million fund of funds, with SBI Holdings serving as an anchor investor. The initiative involves investing in more than 20 micro venture capital firms that specialize in AI, fintech and blockchain, climate, and health tech, according to Venture Capital Journal.
Partnership Details
SBI Holdings acts as the anchor investor in this fund of funds, which Across Ventures plans to use for supporting micro VCs. This structure allows for diversified investments across multiple emerging areas, as outlined in the announcement from Venture Capital Journal.
Investment Focus
The fund targets micro VCs focused on AI, fintech and blockchain, climate, and health tech, with plans to invest in more than 20 such firms. As fund of funds are a widely recognized strategy in venture capital for providing exposure to various sub-sectors, this approach aligns with common practices in the industry.
Associated Tags and Context
The initiative includes tags such as AI, Allocations, Deep Tech, Emerging Managers, Fintech, Fund of Funds, Healthcare, Japan, and US, indicating its broad relevance, according to Venture Capital Journal.
