Early-stage VC firm, DNX Ventures, has opened a US$315 million fund in the burgeoning B2B tech space, driven by strong demand from businesses seeking innovative solutions amid the COVID economy.
DNX’s primary investment sectors include cloud and enterprise software, cybersecurity, frontier tech, fintech, and retail tech.
The announcement comes amid strong investment trends in the business to business (B2B) tech space, as companies across the globe look to technology to solve challenges presented by COVID-19.
VC, DNX Ventures, based in Japan and Silicon Valley, says the fund will see them continuing to support B2B tech companies within the $US1M to $US5M early stage funding phase.
General Partner, Q Motiwala says the firm will continue investing in its areas of expertise.
“We have been fortunate to work with numerous industry-defining startups in Japan and the United States”, says Q Motiwala.
“Our third fund will continue to provide immense value to startups and ambitious entrepreneurs who are looking to reshape their respective industries.
“Great entrepreneurs and startups are born during economic downturns and we are grateful to our investors for trusting us once more to partner with, nurture, and grow early-stage companies.”
DNX says it’s so far invested in and advised more than 150 startups throughout their journey – all the way to M&A and IPO.
Previous startups include Diligent Robotics, Macrometa, Mitiga and Paystand, Herp, Techtouch, Tutorial, Resily and Adacotech.
DNX has been investing in B2B startups in the US and Japan since 2011.
DNX has managed three funds with a cumulative total of approximately $US567 million, which incorporates supplementary annexed funds and has invested in over 100 startups, resulting in 13 M&As/IPOs.
DNX is a member of the Draper Venture Network, a global alliance of over 30 venture capital firms.