Skyland Ventures’ Web3 fund completed approximately $38 million fundraising, with SBI Group participating

On April 14th, Japanese venture capital firm Skyland Ventures announced that its Web3 fund, called “Skyland Ventures No.4 Fund,” had completed a total fundraising of 5 billion yen (approximately $38 million), with SBI Group participating as a new investor.

Skyland Ventures’ Web3 fund completed approximately $38 million fundraising, with SBI Group participating

1. Introduction
2. What is Skyland Ventures?
3. Skyland Ventures No.4 Fund
4. Fundraising Announcement
5. SBI Group Participation
6. Web3 Fund Investment Plan
7. Future Plans for Skyland Ventures
8. Conclusion
# The Skyland Ventures No.4 Fund Raises $38 Million
The world of venture capital has been making headlines lately thanks to some big fundraising numbers from top firms around the globe. On April 14th, 2021, Japanese venture capital firm Skyland Ventures made its own announcement – the successful completion of its latest fundraising round for the Skyland Ventures No.4 Fund.

Introduction

Skyland Ventures has been a leading force in the venture capital market since its inception, with a focus on investing in cutting-edge technology startups with high growth potential. Skyland Ventures has been particularly interested in investing in startups that are utilizing emerging technologies like blockchain, artificial intelligence, machine learning, and the Internet of Things (IoT) within the Web3 ecosystem.

What is Skyland Ventures?

Skyland Ventures was founded in 2015 in Tokyo, Japan. Since then, it has become one of the leading venture capital firms in the country, providing funding, mentorship, and resources to some of the most promising technology startups out there. They invest in companies across a wide range of industries, including software development, biotechnology, healthcare, fintech, and more.

Skyland Ventures No.4 Fund

The Skyland Ventures No.4 Fund is the latest addition to Skyland’s range of investment funds. It is a Web3-focused fund that was established with the aim of supporting early-stage startups that are working on innovative new applications of blockchain technology. The fund was launched in December 2020 with the initial target of raising 5 billion yen ($47 million).

Fundraising Announcement

On April 14th, Skyland Ventures announced that it had successfully raised 5 billion yen (approximately $38 million) for its No.4 Fund. The fundraising process began in December 2020 and has managed to raise its target amount in just four months. The firm reports that the fund quickly garnered interest from investors both in Japan and abroad, with overwhelming support for its focus on Web3 technologies.

SBI Group Participation

One of the biggest pieces of news from the fundraising announcement was the involvement of SBI Group, a leading financial and investment group in Japan, and one of the most influential blockchain investors on the planet. SBI Group joined the fundraising round as a new investor, contributing a significant amount to the final total.

Web3 Fund Investment Plan

Skyland Ventures plans to invest the funds raised in the Skyland Ventures No.4 Fund into emerging startups within the Web3 ecosystem. The firm intends to be an active participant in the development of this industry, providing funding, support, and guidance to help young entrepreneurs bring their ideas to fruition.

Future Plans for Skyland Ventures

The successful fundraising round is a major accomplishment for Skyland Ventures, and it signals that the firm will continue to be a major player in the venture capital market both in Japan and abroad. Skyland Ventures is committed to discovering and supporting the most talented young entrepreneurs in the technology space. The fund is poised to continue investing in cutting-edge Web3 startups over the coming years, with the aim of supporting a new generation of innovators and promoting the growth of the wider Web3 ecosystem.

Conclusion

The Skyland Ventures No.4 Fund has successfully closed its fundraising round with a total of 5 billion yen ($38 million). The fund is focused on supporting early-stage startups that are working on exciting new projects within the Web3 ecosystem. The involvement of SBI Group as a new investor is a significant development that highlights the interest and potential of Web3 technology within the investment community. Skyland Ventures will continue to invest in the most promising Web3 startups, contributing to the development of this emerging industry.

FAQs

1. What is Skyland Ventures?
Skyland Ventures is a leading Japanese venture capital firm that provides funding and mentorship to tech startups in a wide range of industries.
2. What is the Skyland Ventures No.4 Fund?
The Skyland Ventures No.4 Fund is the firm’s latest investment fund, focused on investing in early-stage Web3 startups.
3. Who participated in the latest fundraising round for the Skyland Ventures No.4 Fund?
SBI Group was one of the new investors that contributed to the successful fundraising round of the Skyland Ventures No.4 Fund.