STRIVE, a Tokyo-based venture capital firm has decided to call a halt on STRIVE III which is its third fund. This suspension is done on at an amount that exceeds $100 Mn in order to continue its investment spree in the three major countries such as India, Southeast Asia and Japan.

In 2019 when STRIVE was known by the name GREE ventures, launched the fund in the month of April with

a target of $130 Mn which marked its first close in May that very year.

STRIVE is intending to invest this fund in seed-stage startups, especially working in the business-to-business (B2B) segment. This third fund is backed by major investors that are also returning limited partners (LPs) from STRIVE’s previous funds such as SME Support JAPAN, a part of the ministry of economy, trade and industry of Japan; GREE Inc, and members of the Mizuho Financial Group including Mizuho Bank, and Mizuho Capital.

The VC firm is setting its aim on 10 investments each in India and Southeast Asia. From its Fund III pool, the firm has already participated in Delhi-based edtech startup Classplus’ $1.6 Mn Pre-Series A funding round led by Times Internet. Spiral Ventures, a Japanese VC firm, and existing investor, Rising Stars Fund also participated in the round.
STRIVE's notable contribution was to promoted its principal, Nikhil Kapur last year. Nikhil leads the Singapore office, to a partner in the firm and had made more than a dozen investments as well as leads the fund in Southeast Asia and India.