Z Venture Capital (ZVC), headquartered in Chiyoda-ku, Tokyo, and led by CEO In Joon Hwang, has launched a new fund, ZVC Fund II Investment Limited Partnership (ZVC Fund II), with a total size of 30 billion yen. The fund will officially commence operations on January 1, 2025. ZVC is a subsidiary of LY Corporation, led by President and CEO Takeshi Idezawa.

As one of Japan's largest corporate venture capital firms, ZVC is driven by the vision: "VALUE BEYOND CAPITAL FOR THE FOUNDERS OF THE FUTURE." This reflects its commitment to partnering with entrepreneurs to shape the future, creating synergies with LY Corporation Group while maximizing investment returns.

ZVC Fund II will focus on high-growth areas, including LY Corporation’s core sectors such as Media, Commerce, Fintech, and AI, as well as emerging DeepTech fields like space technology and robotics.

Continuing the approach of its predecessor, ZVC Fund I, the new fund will invest across all stages, from early seed rounds to late-stage growth. It will also strengthen ZVC’s global investment efforts, with a focus on key markets supported by its hubs in Japan, South Korea, and the United States. With ZVC Fund II, Z Venture Capital reinforces its dedication to supporting innovative founders and driving growth in the technology and business sectors worldwide.

Comment from In Joon Hwang, CEO of Z Venture Capital

We’re excited to announce the launch of ZVC Fund II, a 30 billion yen fund aimed at supporting innovation and driving startup growth globally.

This fund will focus on digital-first businesses, which are at the core of LY Corporation’s operations, while also expanding into emerging sectors like AI, space technology, robotics, and other areas of DeepTech.

Our goal is to back startups at their earliest stages, with a strong emphasis on seed and early-stage investments, while continuing to support the growth of our existing portfolio companies through follow-on funding.

With a global framework that leverages the strengths of each region, ZVC is committed to empowering entrepreneurs and fostering next-generation innovation. Let’s shape the future together.

Z Venture Capital
Address: Tokyo Garden Terrace Kioi-cho, Kioi Tower, 1-3 Kioi-cho, Chiyoda-ku, Tokyo 102-8282
Representative: In Joon Hwang
Established: August 7, 2012
Shareholder: LY Corporation 100%

LY Corporation
Address: Tokyo Garden Terrace Kioi-cho, Kioi Tower, 1-3 Kioi-cho, Chiyoda-ku, Tokyo 102-8282
Representative: Chairman of the Board Kentaro Kawabe
President and CEO: Takeshi Idezawa
Established: January 31, 1996