Japanese Investment Firm Raises USD 240M From Three Portfolio Management Companies

GMO VenturePartners, based in Japan, reported capital gains of US$240 million from three portfolio companies. Fintech companies Coda Payments and GMO PaymentGateway Singapore contributed significantly, as did 2C2P.

Ryu Muramatsu, who founded the venture capital firm in 2005, was also named the top influential venture investor in Forbes Japan's 2023 list.

GMO VenturePartners' first investment was in Coda, which focuses on in-game payments, through its 2 billion yen (US$15.1 million) Global Payment Fund. Coda's series A round was also led by the VC.

Muramatsu told Forbes Japan that this investment yielded a 300x return, with Bloomberg estimating Coda's valuation at US$2.5 billion.

His team has invested in or been involved in the formation of 200 businesses around the world. Twenty-one of them is worth more than 100 billion yen (US$700 million).

FinAccel and Razorpay are two other unicorns in which the VC has invested through this fund.

GMO VenturePartners announced the launch of its latest ESG and fintech-focused fund in July 2021. The fund, which is worth $100 million, will be used in the Indo-Pacific region.