HENNGE LP invests in a fund of DNX Ventures, a VC firm specializing in B2B startups2021.10.18
HENNGE K.K. (headquarters: Shibuya, Tokyo, Representative Director, Chief Executive Officer: Kazuhiro Ogura) is pleased to announce that we have invested in a seed fund that is specialized in early stage startups and is managed by DNX Ventures (called DNX below), a venture capital firm that is based in Silicon Valley (in the USA) and Tokyo and invests in B2B startups.
HENNGE has emphasized business synergies up until now as well and has therefore invested in multiple B2B SaaS companies. However, in spite of the need for future business expansion, it seemed difficult for HENNGE to create contacts with more startups on its own.
Therefore, HENNGE recently decided to LP invest in a seed fund that is specialized in seeds and was launched by DNX, a firm that boasts an extensive track record of partnerships with startups and LP companies, primarily in the B2B and SaaS areas. The goals of this investment are for HENNGE to build a much stronger relationship with DNX, thereby supporting cooperation and building partnerships with startups that are highly compatible with HENNGE's business.
By using the experience we have cultivated in the B2B and IT areas up until now to support startups, HENNGE hopes to accelerate the realization of its philosophy, the liberation of technology, and more effectively contribute to the development of Japan's IT industry.
Comments from Akira Kurabayashi, DNX Ventures Managing Partner / Head of Japan
We are truly delighted that HENNGE, Japanese software-startup pioneer, recently chose to LP invest in our seed fund. We will do everything in our power to help ensure the achievement of valuable collaboration and a beneficial cycle of knowledge between the SaaS startups in which the seed fund is invested and HENNGE.
■ About DNX
DNX is a venture capital fund that established its bases in Silicon Valley (USA) and Tokyo in 2011 and started investing in B2B startups, mainly in the US and Japanese markets. Up until now, the firm has used five funds, including main, annex, and seed funds, to invest a total of around 59 billion yen in over 100 startup companies, mainly in the US and Japan, and to enable 16 companies to exit.
In addition, the company boasts an extensive track record in terms of working with companies aiming to develop business and cooperate with startups, including helping over 160 Japanese companies go into partnerships and cooperate with startups (figures current as of August 11, 2021).
■ About the seed fund
This fund specialized in seeds and was created by DNX to invest in Japanese startups. The fund aims to invest in promising startups starting at the seed stage and support their growth to seamlessly connect to investment in DNX's central fund, which targets series A investments, and further enhance startup investments in Japan.
■ About HENNGE K.K.
Guided by the philosophy of the liberation of technology, we pursue independent technologies and new technologies suitable for the times to develop services that bridge the gap between technology and reality ahead of other companies.
Company name: HENNGE K.K. (securities code: 4475)
Address: 16-28 Daiwa Shibuya Square, Nanpeidai-cho, Shibuya-ku, Tokyo
Representative: Kazuhiro Ogura (Representative Director, Chief Executive Officer)
■ Contact information for inquiries regarding this press
Corporate Communication Division
Person in charge: Yuya Yamamoto
*The names of companies, products and services mentioned in this press are trademarks or registered trademarks of HENNGE.K.K. or other related organizations.