500 Startups Japan rebrands as Coral Capital

Coral Capital 500 Startups, Japan, venture capital, James Riney, Yohei Sawayama
Coral Capital Founding Partners James Riney (right) and Yohei Sawayama in Japan. Archived photo from 500 Startups.

500 Startups Japan announced that it has raised its next fund under the new brand name of Coral Capital. The $45 million fund will involve the same people and continue to invest in seed-stage startups in Japan. The firm raised an oversubscribed $35 million fund for its inaugural effort in 2017 under the 500 Startups name. Founding Partner and CEO James Riney said in a blog post that the new fund was raised in less than three months. Investors include Mizuho Bank, Mitsubishi Estate, Taizo Son, Paul Kuo and Kotaro Chiba as well as new partners Shinsei Bank, J-POWER, and other institutional investors.

Source: Firm blog post