500 Startups' Japan Team Starts New Fund Called Coral Capital
- New fund raises $45 million from Mizuho, Taizo Son, Shinsei
- 500 Startups and Coral will still cooperate on events, deals
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500 Startups’ Japan team is breaking off to start a new early-stage investment firm called Coral Capital.
The company will debut with a new fund and be run by James Riney and Yohei Sawayama, who launched 500 Startups Japan in 2016. The pair have raised 5 billion yen ($45 million) and aim to make larger investments compared with rival early-stage venture capital firms, the two said in an interview.